Registered number
07970653
AMC Health Care Ltd
Filleted Accounts
29 February 2024
AMC Health Care Ltd
Registered number: 07970653
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,794 2,111
Investments 4 100 -
1,894 2,111
Current assets
Stocks 3,500 4,500
Debtors 5 689,837 557,858
Cash at bank and in hand 20,750 10,889
714,087 573,247
Creditors: amounts falling due within one year 6 (102,536) (192,919)
Net current assets 611,551 380,328
Net assets 613,445 382,439
Capital and reserves
Called up share capital 1 1
Profit and loss account 613,444 382,438
Shareholders' funds 613,445 382,439
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 29 January 2025
AMC Health Care 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.
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 15% reducing balance
Investments
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.
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 12 12
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 9,342
At 29 February 2024 9,342
Depreciation
At 1 March 2023 7,231
Charge for the year 317
At 29 February 2024 7,548
Net book value
At 29 February 2024 1,794
At 28 February 2023 2,111
4 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 100
At 29 February 2024 100
5 Debtors 2024 2023
£ £
Trade debtors 4,165 4,135
Advanced Medical Clinics Ltd 38,568 39,568
Directors current account - 22,710
Other debtors 647,104 491,445
689,837 557,858
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,500 33,961
Trade creditors - 3,646
Amounts owed to group undertakings and undertakings in which the company has a participating interest 5,157 -
Taxation and social security costs 38,779 79,253
Other creditors 36,100 76,059
102,536 192,919
7 Related party transactions 2,024 2,023
Advanced Medical Clinics Ltd
An associated company controlled by Mr Sharif,
the shareholders and officers of the company.
The amounts are in debtors 38,568 56,568
During the year the company purchased goods
totalling £Nil (2023 is £17000)
A.H.P. Medical Supplies Ltd
An associated company controlled by Mr Sharif,
the shareholders and officers of the company.
The amounts are included in trade debtors 349,451 255,039
During the year the company purchase goods
totalling £Nil (2023 £7863)
8 Other information
AMC Health Care 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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