Registered number
04169100
A.H.P. MEDICAL SUPPLIES LTD
Filleted Accounts
29 February 2024
A.H.P. MEDICAL SUPPLIES LTD
Registered number: 04169100
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,286 11,048
Current assets
Stocks 50,582 56,200
Debtors 4 1,205 14,281
Cash at bank and in hand 759 3,263
52,546 73,744
Creditors: amounts falling due within one year 5 (171,575) (177,821)
Net current liabilities (119,029) (104,077)
Total assets less current liabilities (110,743) (93,029)
Creditors: amounts falling due after more than one year 6 (409,443) (312,865)
Net liabilities (520,186) (405,894)
Capital and reserves
Called up share capital 100 100
Profit and loss account (520,286) (405,994)
Shareholders' funds (520,186) (405,894)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Ala Towfiq Sharif
Director
Approved by the board on 13 January 2025
A.H.P. MEDICAL SUPPLIES LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The company's director has confirmed that he will continue to financially support the company by the introduction of further capital or by other means. In view of this the director is satisfied that the company will have sufficient resources to enable it to continue in existence for the foreseeable future, being a period of at least twelve months from the date of these financial statements, and that it is therefore appropriate to prepare the financial statements on going concern basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 28,792
At 29 February 2024 28,792
Depreciation
At 1 March 2023 17,744
Charge for the year 2,762
At 29 February 2024 20,506
Net book value
At 29 February 2024 8,286
At 28 February 2023 11,048
4 Debtors 2024 2023
£ £
Trade debtors - 12,033
Other debtors 1,205 2,248
1,205 14,281
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,250 24,900
Holding account 19,352 1,391
Directors current account 128,308 131,734
Taxation and social security costs (12,259) 3,923
Other creditors 15,924 15,873
171,575 177,821
6 Creditors: amounts falling due after one year 2024 2023
£ £
Sundries loan 409,443 312,865
7 Other information
A.H.P. MEDICAL SUPPLIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
64 Borough High Street
London
SE1 1XF
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