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REGISTERED NUMBER: 05539733 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LEAL HEALTHCARE LIMITED

LEAL HEALTHCARE LIMITED (REGISTERED NUMBER: 05539733)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEAL HEALTHCARE LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTOR: S Seow





REGISTERED OFFICE: 8 Prior Deram Walk
Coventry
CV4 8FT





REGISTERED NUMBER: 05539733 (England and Wales)





AUDITORS: Luckmans Duckett Parker Limited
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

LEAL HEALTHCARE LIMITED (REGISTERED NUMBER: 05539733)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 686,779 449,900
Tangible assets 5 39,610 7,706
726,389 457,606

CURRENT ASSETS
Stocks 139,282 72,854
Debtors 6 255,694 327,678
Cash at bank and in hand 158,551 92,161
553,527 492,693
CREDITORS
Amounts falling due within one year 7 718,185 367,911
NET CURRENT (LIABILITIES)/ASSETS (164,658 ) 124,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,731

582,388

CREDITORS
Amounts falling due after more than one
year

8

(293,118

)

(329,340

)

PROVISIONS FOR LIABILITIES (1,585 ) (1,585 )
NET ASSETS 267,028 251,463

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 266,928 251,363
SHAREHOLDERS' FUNDS 267,028 251,463

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





S Seow - Director


LEAL HEALTHCARE LIMITED (REGISTERED NUMBER: 05539733)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Leal Healthcare Limited 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.

The policies adopted for the recognition of turnover are as follows:-

NHS Income

NHS income is recognised in line with statements FP34. Adjustments are made for any income earned but not yet received.

Over the counter (OTC) sales

OTC sales are recorded as per till records and are therefore recognised at point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2007 and 2022, is being amortised evenly over its estimated useful life of ten years.
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over it's estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property is being amortised evenly over an estimated useful life of ten years.

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 - 25% on cost and 25% on reducing balance

Government grants
Government grants received have been released to the profit and loss account during the period on a systematic basis over the period in which the Entity recognises the costs for which the grant is intended to compensate. This is in accordance with FRS 102 section 24.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


LEAL HEALTHCARE LIMITED (REGISTERED NUMBER: 05539733)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual
Goodwill Property Totals
£    £    £   
COST
At 1 March 2023 864,330 2 864,332
Additions 318,801 1 318,802
At 29 February 2024 1,183,131 3 1,183,134
AMORTISATION
At 1 March 2023 414,432 - 414,432
Amortisation for year 81,923 - 81,923
At 29 February 2024 496,355 - 496,355
NET BOOK VALUE
At 29 February 2024 686,776 3 686,779
At 28 February 2023 449,898 2 449,900

LEAL HEALTHCARE LIMITED (REGISTERED NUMBER: 05539733)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 March 2023 2 27,257 27,259
Additions - 44,605 44,605
At 29 February 2024 2 71,862 71,864
DEPRECIATION
At 1 March 2023 - 19,553 19,553
Charge for year - 12,701 12,701
At 29 February 2024 - 32,254 32,254
NET BOOK VALUE
At 29 February 2024 2 39,608 39,610
At 28 February 2023 2 7,704 7,706

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 172,327 119,900
Amounts owed by group undertakings 1,236 140,000
Other debtors 65,839 45,226
Tax - 6,279
Prepayments 792 773
240,194 312,178

Amounts falling due after more than one year:
Other debtors 15,500 15,500

Aggregate amounts 255,694 327,678

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,222 34,772
Trade creditors 333,862 201,943
Amounts owed to group undertakings 279,209 98,070
Tax 35,106 19,200
Social security and other taxes 3,724 2,723
Other creditors 935 507
Accrued expenses 29,127 10,696
718,185 367,911

LEAL HEALTHCARE LIMITED (REGISTERED NUMBER: 05539733)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 37,784 36,222
Bank loans - 2-5 years 123,375 161,159
Bank loans more 5 yr by instal 131,959 131,959
293,118 329,340

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 131,959 131,959

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 36,201 35,297
Between one and five years 132,275 135,476
In more than five years 256,224 289,224
424,700 459,997

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 329,340 364,112

The bank loan is secured by a first legal charge over the leasehold land and buildings and an unlimited debenture dated 4/12/2019.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashwani Rishiraj BA FCA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited

13. PARENT COMPANY

The parent Company is Wellbeing (United Kingdom) Limited, incorporated in England and Wales.