PTP Accounts Production v24.3.2.46 10570636 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105706362023-05-31105706362024-05-31105706362023-06-012024-05-31105706362022-05-31105706362022-06-012023-05-31105706362023-05-3110570636ns15:EnglandWales2023-06-012024-05-3110570636ns14:PoundSterling2023-06-012024-05-3110570636ns10:Director12023-06-012024-05-3110570636ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110570636ns10:SmallEntities2023-06-012024-05-3110570636ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110570636ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110570636ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110570636ns10:FullAccounts2023-06-012024-05-311057063612023-06-012024-05-3110570636ns10:Director22023-06-012024-05-3110570636ns10:RegisteredOffice2023-06-012024-05-3110570636ns5:CurrentFinancialInstruments2024-05-3110570636ns5:CurrentFinancialInstruments2023-05-3110570636ns5:Non-currentFinancialInstruments2024-05-3110570636ns5:Non-currentFinancialInstruments2023-05-3110570636ns5:ShareCapital2024-05-3110570636ns5:ShareCapital2023-05-3110570636ns5:RetainedEarningsAccumulatedLosses2024-05-3110570636ns5:RetainedEarningsAccumulatedLosses2023-05-3110570636ns5:NetGoodwill2023-06-012024-05-3110570636ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3110570636ns5:FurnitureFittings2023-06-012024-05-3110570636ns5:NetGoodwill2023-05-3110570636ns5:NetGoodwill2024-05-3110570636ns5:NetGoodwill2023-05-3110570636ns5:FurnitureFittings2023-05-3110570636ns5:FurnitureFittings2024-05-3110570636ns5:FurnitureFittings2023-05-3110570636ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3110570636ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3110570636ns5:Secured2024-05-3110570636ns5:Secured2023-05-3110570636ns5:DeferredTaxation2023-05-3110570636ns5:DeferredTaxation2023-06-012024-05-3110570636ns5:DeferredTaxation2024-05-31
REGISTERED NUMBER: 10570636 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

MSN PRIMARY HEALTHCARE LTD

MSN PRIMARY HEALTHCARE LTD (Registered number: 10570636)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MSN PRIMARY HEALTHCARE LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R S Nagra
Mrs A Nagra





REGISTERED OFFICE: 30 Great Bridge
Tipton
West Midlands
DY4 7EW





REGISTERED NUMBER: 10570636 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Certified Accountants
471 Green Lane
Coventry
West Midlands
CV3 6EL

MSN PRIMARY HEALTHCARE LTD (Registered number: 10570636)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 236,427 307,353
Tangible assets 5 14,997 19,995
251,424 327,348

CURRENT ASSETS
Stocks 31,673 28,927
Debtors 6 99,646 101,833
Cash at bank and in hand 70,139 53,679
201,458 184,439
CREDITORS
Amounts falling due within one year 7 307,719 301,472
NET CURRENT LIABILITIES (106,261 ) (117,033 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,163

210,315

CREDITORS
Amounts falling due after more than one
year

8

(370,781

)

(401,528

)

PROVISIONS FOR LIABILITIES 10 (3,749 ) (4,998 )
NET LIABILITIES (229,367 ) (196,211 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (229,467 ) (196,311 )
SHAREHOLDERS' FUNDS (229,367 ) (196,211 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

MSN PRIMARY HEALTHCARE LTD (Registered number: 10570636)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





R S Nagra - Director


MSN PRIMARY HEALTHCARE LTD (Registered number: 10570636)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

MSN PRIMARY 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance

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

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.

MSN PRIMARY HEALTHCARE LTD (Registered number: 10570636)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 709,268
AMORTISATION
At 1 June 2023 401,915
Amortisation for year 70,926
At 31 May 2024 472,841
NET BOOK VALUE
At 31 May 2024 236,427
At 31 May 2023 307,353

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 June 2023
and 31 May 2024 48,262
DEPRECIATION
At 1 June 2023 28,267
Charge for year 4,998
At 31 May 2024 33,265
NET BOOK VALUE
At 31 May 2024 14,997
At 31 May 2023 19,995

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 83,600 84,024
Other debtors 16,046 17,809
99,646 101,833

MSN PRIMARY HEALTHCARE LTD (Registered number: 10570636)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 26,898 29,005
Trade creditors 119,753 114,129
Amounts owed to group undertakings 143,264 152,150
Taxation and social security 15,820 4,325
Other creditors 1,984 1,863
307,719 301,472

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 370,781 401,528

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 227,453 243,816

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 397,679 430,533

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 3,749 4,998

Deferred
tax
£   
Balance at 1 June 2023 4,998
Utilised during year (1,249 )
Balance at 31 May 2024 3,749

11. RELATED PARTY DISCLOSURES

The Company is wholly owned subsidiary of MSN Pharm Ltd, (Registration number 08089515) a company registered in UK.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R S Nagra and Mrs A Nagra..