AMC Health Care Ltd |
Notes to the Accounts |
for the year ended 29 February 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Tangible fixed assets |
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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: |
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Fixtures, fittings, tools and equipment |
15% reducing balance |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Stocks |
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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. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
12 |
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12 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 March 2023 |
9,342 |
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At 29 February 2024 |
9,342 |
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Depreciation |
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At 1 March 2023 |
7,231 |
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Charge for the year |
317 |
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At 29 February 2024 |
7,548 |
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Net book value |
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At 29 February 2024 |
1,794 |
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At 28 February 2023 |
2,111 |
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4 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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Additions |
100 |
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At 29 February 2024 |
100 |
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5 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
4,165 |
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4,135 |
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Advanced Medical Clinics Ltd |
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38,568 |
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39,568 |
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Directors current account |
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- |
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22,710 |
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Other debtors |
647,104 |
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491,445 |
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689,837 |
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557,858 |
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6 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Bank loans and overdrafts |
22,500 |
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33,961 |
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Trade creditors |
- |
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3,646 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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5,157 |
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- |
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Taxation and social security costs |
38,779 |
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79,253 |
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Other creditors |
36,100 |
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76,059 |
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102,536 |
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192,919 |
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7 |
Related party transactions |
2,024 |
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2,023 |
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Advanced Medical Clinics Ltd |
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An associated company controlled by Mr Sharif, |
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the shareholders and officers of the company. |
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The amounts are in debtors |
38,568 |
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56,568 |
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During the year the company purchased goods |
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totalling £Nil (2023 is £17000) |
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A.H.P. Medical Supplies Ltd |
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An associated company controlled by Mr Sharif, |
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the shareholders and officers of the company. |
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The amounts are included in trade debtors |
349,451 |
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255,039 |
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During the year the company purchase goods |
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totalling £Nil (2023 £7863) |
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8 |
Other information |
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AMC Health Care Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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64 Borough High Street |
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London |
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SE1 1XF |