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REGISTRAR OF COMPANIES

Registration number: SC455606

EH4 Healthcare Limited

Unaudited Financial Statements

31 August 2024

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EH4 Healthcare Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

4

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
EH4 Healthcare Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of EH4 Healthcare Limited for the year ended 31 August 2024 as set out on pages 2 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of EH4 Healthcare Limited, as a body, in accordance with the terms of our engagement letter dated 23 February 2024. Our work has been undertaken solely to prepare for your approval the accounts of EH4 Healthcare Limited and state those matters that we have agreed to state to the Board of Directors of EH4 Healthcare Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EH4 Healthcare Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that EH4 Healthcare Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of EH4 Healthcare Limited. You consider that EH4 Healthcare Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of EH4 Healthcare Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

13 December 2024

 

EH4 Healthcare Limited

(Registration number: SC455606)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

242,438

164,713

Tangible assets

5

149,291

238,564

 

391,729

403,277

Current assets

 

Stocks

3,333

5,000

Debtors

6

10,956

35,407

Cash at bank and in hand

 

395,662

572,295

 

409,951

612,702

Creditors: Amounts falling due within one year

7

(268,356)

(155,428)

Net current assets

 

141,595

457,274

Total assets less current liabilities

 

533,324

860,551

Creditors: Amounts falling due after more than one year

7

(250,414)

(265,929)

Provisions for liabilities

(29,743)

(25,249)

Net assets

 

253,167

569,373

Capital and reserves

 

Allotted, called up and fully paid share capital

2

3

Capital redemption reserve

1

-

Profit and loss account

253,164

569,370

Total equity

 

253,167

569,373

 

EH4 Healthcare Limited

(Registration number: SC455606)
Balance Sheet as at 31 August 2024 (continued)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 December 2024 and signed on its behalf by:
 

.........................................

K Ollerhead

Director

.........................................

I S Ollerhead

Director

 

EH4 Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
461 Queensferry Road
EDINBURGH
EH4 7ND

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.


Government grants
Grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the related costs are recognised for which the grant is intended to compensate.

Grants for the purpose of giving immediate financial support with no future related costs to be incurred are recognised in the profit and loss account when the grant proceeds become receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

EH4 Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

20 years straight line basis

Improvements to property

20 years straight line basis

Plant and equipment

25% reducing balance basis

Furniture, fittings and office equipment

15% reducing balance and 3 years straight line bases

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 year straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

EH4 Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

EH4 Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2023 - 17).

 

EH4 Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

768,706

768,706

Additions

227,552

227,552

Disposals

(196,118)

(196,118)

At 31 August 2024

800,140

800,140

Amortisation

At 1 September 2023

603,993

603,993

Amortisation charge

64,844

64,844

Amortisation eliminated on disposals

(111,135)

(111,135)

At 31 August 2024

557,702

557,702

Carrying amount

At 31 August 2024

242,438

242,438

At 31 August 2023

164,713

164,713

5

Tangible assets

Land and buildings
£

Improvements to property
 £

Plant and equipment
 £

Furniture, fittings and office equipment
 £

Total
£

Cost or valuation

At 1 September 2023

140,848

59,357

252,698

95,682

548,585

Additions

-

-

64,904

169

65,073

Disposals

(140,848)

-

(54,274)

-

(195,122)

At 31 August 2024

-

59,357

263,328

95,851

418,536

Depreciation

At 1 September 2023

39,905

25,066

178,709

66,341

310,021

Charge for the year

-

2,968

27,492

1,269

31,729

Eliminated on disposal

(39,905)

-

(32,600)

-

(72,505)

At 31 August 2024

-

28,034

173,601

67,610

269,245

Carrying amount

At 31 August 2024

-

31,323

89,727

28,241

149,291

At 31 August 2023

100,943

34,291

73,989

29,341

238,564

 

EH4 Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Debtors

2024
£

2023
£

Trade debtors

10,097

17,376

Other debtors

859

18,031

10,956

35,407

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

15,873

16,071

Trade creditors

 

68,390

44,815

Taxation and social security

 

20,199

6,362

Corporation tax liability

 

156,305

76,630

Other creditors

 

7,589

11,550

 

268,356

155,428

Due after one year

 

Loans and borrowings

8

250,414

265,929

 

EH4 Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

15,873

16,071

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

2024
£

2023
£

Bank borrowings

15,873

16,071

Bank borrowings are secured by fixed and floating charges over the company's assets.

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

250,414

265,929

Non-current loans and borrowings includes the following liabilities, on which security has been given by the company:

2024
£

2023
£

Bank borrowings

250,414

265,929

Bank borrowings are secured by fixed and floating charges over the company's assets.

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £6,039 (2023 - £Nil). The company has an outstanding equipment lease with 34 months remaining.

 

EH4 Healthcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

10

Related party transactions

Transactions with directors

2024

At 1 September 2023
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 31 August 2024
£

I S Ollerhead

Directors loan

495

782

(75)

-

(500)

-

702

               
         

J M Gall

Directors loan

781

113

(94)

-

(800)

-

-

               
         

 

2023

At 1 September 2022
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 31 August 2023
£

I S Ollerhead

Directors loan

405

495

-

-

(405)

-

495

               
         

J M Gall

Directors loan

-

781

-

-

-

-

781

               
         

 

Directors' advances are repayable on demand.

No interest has been charged on advances to directors.