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REGISTERED NUMBER: 09175472 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 August 2024

for

LOYAL HEALTHCARE LTD

LOYAL HEALTHCARE LTD (REGISTERED NUMBER: 09175472)






Contents of the Financial Statements
for the year ended 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOYAL HEALTHCARE LTD

Company Information
for the year ended 31 AUGUST 2024







DIRECTORS: S E Turcu
R S Sandhu





SECRETARY: D Turcu





REGISTERED OFFICE: 1 Manor Farm Court
Church Lane
Great Doddington
Wellingborough
Northamptonshire
NN29 7TR





REGISTERED NUMBER: 09175472 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

LOYAL HEALTHCARE LTD (REGISTERED NUMBER: 09175472)

Balance Sheet
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,099 6,552

CURRENT ASSETS
Stocks 12,000 5,000
Debtors 5 111,199 65,698
Cash at bank 11,235 27,535
134,434 98,233
CREDITORS
Amounts falling due within one year 6 144,900 81,371
NET CURRENT (LIABILITIES)/ASSETS (10,466 ) 16,862
TOTAL ASSETS LESS CURRENT LIABILITIES 9,633 23,414

CREDITORS
Amounts falling due after more than one
year

7

3,750

8,750
NET ASSETS 5,883 14,664

CAPITAL AND RESERVES
Called up share capital 8 3,000 3,000
Retained earnings 2,883 11,664
SHAREHOLDERS' FUNDS 5,883 14,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LOYAL HEALTHCARE LTD (REGISTERED NUMBER: 09175472)

Balance Sheet - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by:





R S Sandhu - Director


LOYAL HEALTHCARE LTD (REGISTERED NUMBER: 09175472)

Notes to the Financial Statements
for the year ended 31 AUGUST 2024

1. STATUTORY INFORMATION

Loyal Healthcare Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

LOYAL HEALTHCARE LTD (REGISTERED NUMBER: 09175472)

Notes to the Financial Statements - continued
for the year ended 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 13,778 - 7,679 21,457
Additions - 13,500 5,157 18,657
At 31 August 2024 13,778 13,500 12,836 40,114
DEPRECIATION
At 1 September 2023 8,702 - 6,203 14,905
Charge for year 1,015 2,025 2,070 5,110
At 31 August 2024 9,717 2,025 8,273 20,015
NET BOOK VALUE
At 31 August 2024 4,061 11,475 4,563 20,099
At 31 August 2023 5,076 - 1,476 6,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 111,199 65,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 78,778 39,955
Taxation and social security 46,810 34,403
Other creditors 14,312 2,013
144,900 81,371

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,750 8,750

LOYAL HEALTHCARE LTD (REGISTERED NUMBER: 09175472)

Notes to the Financial Statements - continued
for the year ended 31 AUGUST 2024

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Share capital 1 £1 1,000 1,000
1,000 Share capital 2 £1 1,000 1,000
1,000 Share capital 3 £1 1,000 1,000
3,000 3,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
S E Turcu
Balance outstanding at start of year 11,855 12,259
Amounts advanced 43,900 81,921
Amounts repaid (55,755 ) (82,325 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,855

R S Sandhu
Balance outstanding at start of year - -
Amounts advanced 19,865 -
Amounts repaid (18,640 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,225 -

Interest has been charged on balances over £10,000 at 2.25% (2022: 2.5%). There are no fixed terms for repayment.