Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 November 2021 false 1 May 2023 30 April 2024 30 April 2024 06729449 Mr Aftab Rehman Mrs Selma Hafeez Mr Shuiab Rehmat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06729449 2023-04-30 06729449 2024-04-30 06729449 2023-05-01 2024-04-30 06729449 frs-core:CurrentFinancialInstruments 2024-04-30 06729449 frs-core:ComputerEquipment 2024-04-30 06729449 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06729449 frs-core:ComputerEquipment 2023-04-30 06729449 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 06729449 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06729449 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 06729449 frs-core:PlantMachinery 2024-04-30 06729449 frs-core:PlantMachinery 2023-05-01 2024-04-30 06729449 frs-core:PlantMachinery 2023-04-30 06729449 frs-core:ShareCapital 2024-04-30 06729449 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06729449 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06729449 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06729449 frs-bus:SmallEntities 2023-05-01 2024-04-30 06729449 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06729449 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06729449 frs-bus:Director1 2023-05-01 2024-04-30 06729449 frs-bus:Director2 2023-05-01 2024-04-30 06729449 frs-bus:Director3 2023-05-01 2024-04-30 06729449 frs-countries:EnglandWales 2023-05-01 2024-04-30 06729449 2021-10-31 06729449 2023-04-30 06729449 2021-11-01 2023-04-30 06729449 frs-core:CurrentFinancialInstruments 2023-04-30 06729449 frs-core:ShareCapital 2023-04-30 06729449 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06729449
Medihealthcare (UK) Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
AWR Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06729449
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 152,876 184,242
152,876 184,242
CURRENT ASSETS
Stocks 5 45,000 45,000
Debtors 6 188,244 177,519
Cash at bank and in hand 76,652 104,261
309,896 326,780
Creditors: Amounts Falling Due Within One Year 7 (209,448 ) (214,837 )
NET CURRENT ASSETS (LIABILITIES) 100,448 111,943
TOTAL ASSETS LESS CURRENT LIABILITIES 253,324 296,185
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,988 ) (1,988 )
NET ASSETS 251,336 294,197
CAPITAL AND RESERVES
Called up share capital 8 2,550 2,550
Profit and Loss Account 248,786 291,647
SHAREHOLDERS' FUNDS 251,336 294,197
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Aftab Rehman
Director
29/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Medihealthcare (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06729449 . The registered office is 37 Normanton Road, Lawrence House, Derby, Derbyshire, DE1 2GJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5% Straight Line
Plant & Machinery 15% Straight Line
Computer Equipment 25% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 21)
15 21
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 587,014 79,845 17,255 684,114
Additions - - 524 524
As at 30 April 2024 587,014 79,845 17,779 684,638
Depreciation
As at 1 May 2023 408,465 79,659 11,748 499,872
Provided during the period 29,351 65 2,474 31,890
As at 30 April 2024 437,816 79,724 14,222 531,762
Net Book Value
As at 30 April 2024 149,198 121 3,557 152,876
As at 1 May 2023 178,549 186 5,507 184,242
5. Stocks
30 April 2024 30 April 2023
£ £
Stock 45,000 45,000
6. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Trade debtors 120,290 102,536
Prepayments and accrued income 584 508
Other debtors 38,550 27,013
Corporation tax recoverable assets - 10,320
VAT 28,820 37,142
188,244 177,519
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Trade creditors 147,589 134,099
Corporation tax 13,199 37,654
Other taxes and social security 1,137 1,560
Net wages 917 -
Accruals and deferred income 12,070 41,507
Directors' loan accounts 34,536 17
209,448 214,837
8. Share Capital
30 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 2,550 2,550
9. Contingent Liabilities
30 April 2024 30 April 2023
£ £
At the end of the period 83,120 -
HMRC Tax planning challenge at the courts-liability notice per letter dated 29th January, 2024 £83,120.49.
Page 5