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REGISTERED NUMBER: 12255844 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

LUNTS HEALTHCARE LIMITED

LUNTS HEALTHCARE LIMITED (Registered number: 12255844)






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


LUNTS HEALTHCARE LIMITED

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: 12255844 (England and Wales)





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

LUNTS HEALTHCARE LIMITED (Registered number: 12255844)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 694,785 820,634
Tangible assets 5 39,244 52,325
734,029 872,959

CURRENT ASSETS
Stocks 48,968 51,727
Debtors 6 208,846 147,183
Cash at bank 111,800 118,735
369,614 317,645
CREDITORS
Amounts falling due within one year 7 204,678 282,981
NET CURRENT ASSETS 164,936 34,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

898,965

907,623

PROVISIONS FOR LIABILITIES 9,811 13,081
NET ASSETS 889,154 894,542

CAPITAL AND RESERVES
Called up share capital 8 1,300,000 1,300,000
Share premium 9 300 300
Retained earnings 9 (411,146 ) (405,758 )
SHAREHOLDERS' FUNDS 889,154 894,542

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.

LUNTS HEALTHCARE LIMITED (Registered number: 12255844)

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


LUNTS HEALTHCARE LIMITED (Registered number: 12255844)

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

1. STATUTORY INFORMATION

LUNTS 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, 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.

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.

LUNTS HEALTHCARE LIMITED (Registered number: 12255844)

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 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 1,258,499
AMORTISATION
At 1 June 2023 437,865
Amortisation for year 125,849
At 31 May 2024 563,714
NET BOOK VALUE
At 31 May 2024 694,785
At 31 May 2023 820,634

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 June 2023
and 31 May 2024 104,008
DEPRECIATION
At 1 June 2023 51,683
Charge for year 13,081
At 31 May 2024 64,764
NET BOOK VALUE
At 31 May 2024 39,244
At 31 May 2023 52,325

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 140,607 110,084
Amounts owed by group undertakings 29,035 -
Other debtors 39,204 37,099
208,846 147,183

LUNTS HEALTHCARE LIMITED (Registered number: 12255844)

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
£    £   
Trade creditors 164,669 169,787
Amounts owed to group undertakings - 110,059
Taxation and social security 38,020 1,272
Other creditors 1,989 1,863
204,678 282,981

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1,149,900 Ordinary A Shares £1 1,149,900 1,149,900
150,100 Ordinary B shares £1 150,100 150,100
1,300,000 1,300,000

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 June 2023 (405,758 ) 300 (405,458 )
Deficit for the year (5,388 ) (5,388 )
At 31 May 2024 (411,146 ) 300 (410,846 )