Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 08129076 Dr Mitul Patel Dr Shane Patel Dr Mitul Patel true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08129076 2023-02-28 08129076 2024-02-28 08129076 2023-03-01 2024-02-28 08129076 frs-core:FurnitureFittings 2023-03-01 2024-02-28 08129076 frs-core:NetGoodwill 2023-03-01 2024-02-28 08129076 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 08129076 frs-core:MotorVehicles 2023-03-01 2024-02-28 08129076 frs-core:PlantMachinery 2023-03-01 2024-02-28 08129076 frs-core:ShareCapital 2024-02-28 08129076 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08129076 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08129076 frs-bus:AbridgedAccounts 2023-03-01 2024-02-28 08129076 frs-bus:SmallEntities 2023-03-01 2024-02-28 08129076 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08129076 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08129076 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 08129076 frs-bus:OrdinaryShareClass1 2024-02-28 08129076 1 2023-03-01 2024-02-28 08129076 frs-core:AdditionsToInvestments 2024-02-28 08129076 frs-core:CostValuation 2024-02-28 08129076 frs-bus:Director1 2023-03-01 2024-02-28 08129076 frs-bus:Director2 2023-03-01 2024-02-28 08129076 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 08129076 1 2023-03-01 2024-02-28 08129076 2 2023-03-01 2024-02-28 08129076 frs-countries:EnglandWales 2023-03-01 2024-02-28 08129076 2022-02-28 08129076 2023-02-28 08129076 2022-03-01 2023-02-28 08129076 frs-core:ShareCapital 2023-02-28 08129076 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 08129076 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28 08129076 1 2022-03-01 2023-02-28 08129076 2 2022-03-01 2023-02-28
Registered number: 08129076
SAM HEALTH LIMITED
ABRIDGED Financial Statements
For The Year Ended 28 February 2024
John A. Porter & Co.
74 Dickenson Road
Rusholme
Manchester
M14 5HF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 08129076
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,004,096 1,071,128
Tangible Assets 5 449,843 452,045
Investments 6 1,200 -
1,455,139 1,523,173
CURRENT ASSETS
Stocks 7 15,430 12,035
Debtors 127,933 128,852
Cash at bank and in hand 265,610 292,032
408,973 432,919
Creditors: Amounts Falling Due Within One Year (361,162 ) (527,192 )
NET CURRENT ASSETS (LIABILITIES) 47,811 (94,273 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,502,950 1,428,900
NET ASSETS 1,502,950 1,428,900
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 1,502,750 1,428,700
SHAREHOLDERS' FUNDS 1,502,950 1,428,900
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 25 February 2025 and were signed on its behalf by:
Dr Shane Patel
Director
25 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
SAM HEALTH LIMITED is a private company, limited by shares, incorporated in England & Wales.
The registered number is 08129076 .
The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.
Dividends paid to the Directors are reported in the notes to the accounts.
Transactions with Directors are reported in the notes to the accounts.
There are no other related party transactions to report.
There are no contingent liabilities or post balance sheet events to report.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the total of invoiced dental services provided. The business is not Value Added Tax (VAT) registered.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 25 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation is calculated at the following annual rates in order to write off each asset over its estimated useful life.
Freehold 10% Reducing Balance
Plant & Machinery 10% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
No depreciation is charged in the year of acquisition.
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress has been valued at prime cost of labour and materials plus other direct expenses.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Accounting Reference Date
The accounting reference date is 26 February.
These accounts are nevertheless for the year ended 28 February 2024.
2.8. Comparative Figures
The comparative figures used throughout these accounts are as at 28 February 2023 or are for the year ending on that date.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 -
Directors 2 2
Other Dental Staff 15 17
18 19
4. Intangible Assets
Total
£
Cost
As at 1 March 2023 1,675,812
As at 28 February 2024 1,675,812
Amortisation
As at 1 March 2023 604,684
Provided during the period 67,032
As at 28 February 2024 671,716
Net Book Value
As at 28 February 2024 1,004,096
As at 1 March 2023 1,071,128
The net assets of The Cambridge Street Dental Practice formerly owned by Dr. Shane Patel and Dr. Mitul Patel were acquired by the Company on 1 August 2013 for a consideration of £1,812,251.
The difference between the consideration of £1,812,251 and fair value of the assets acquired of £136,439 is then £1,675,812 and is attributable to goodwill.
5. Tangible Assets
Total
£
Cost
As at 1 March 2023 763,706
Additions 64,233
As at 28 February 2024 827,939
Depreciation
As at 1 March 2023 311,661
Provided during the period 66,435
As at 28 February 2024 378,096
Net Book Value
As at 28 February 2024 449,843
As at 1 March 2023 452,045
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6. Investments
Total
£
Cost
As at 1 March 2023 -
Additions 1,200
As at 28 February 2024 1,200
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 1,200
As at 1 March 2023 -
On 2 March 2003 SAM HEALTH LIMITED acquired a minority holding in S & M ELECTRONICS LIMITED, being 15 10p L Ordinary Non-Voting Shares transferred from Dr Shane Patel and 15 10p L Ordinary Non-Voting Shares transferred from Dr Mitul Patel. The  consideration paid was £40 for each 10p L Ordinary Non-Voting Share.
7. Stocks
2024 2023
£ £
Materials 5,135 4,985
Work in progress 10,295 7,050
15,430 12,035
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2,001 Ordinary Shares of £ 0.10 each 200 200
Issued Ordinary Shares of 10p as at 28 February 2024 were as follows:
- Dr Shane Patel owns 1000 10p ordinary S voting shares
- Dr Shane Patel owns 1 10p ordinary B voting share
- Dr Mitul Patel owns 1000 10p ordinary M voting shares
9. Pension Commitments
The company operates a defined contribution pension scheme.
The assets of the scheme are held separately from those of the Company in an independently administered fund. At the balance sheet date contributions of £1,171 (2023 £953) were due to the fund and are included in Other Creditors.
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10. Related Party Transactions
S & M ELECTRONICS LIMITED - Associated Company
The property located at 27 Cambridge Street, Aylesbury, HP20 1RP from which the dental practice is carried on was acquired by S & M ELECTRONICS LIMITED on 1 July 2013. Concurrently, the property was leased to SAM HEALTH LIMITED. The rent is set at £25,552 (2023 £25,552) per annum.
In the opinion of the Directors the rent of £25,552 has been set at a figure which equates to the open-market rate.
On 2 March 2003 SAM HEALTH LIMITED acquired a minority holding in S & M ELECTRONICS LIMITED, being 15 10p L Ordinary Non-Voting Shares transferred from Dr Shane Patel and 15 10p L Ordinary Non-Voting Shares transferred from Dr Mitul Patel. The consideration paid was £40 for each 10p L Ordinary Non-Voting Share.
A dividend of £533.33 per 10p L Ordinary Non-Voting Share was paid by S & M ELECTRONICS LIMITED to SAM HEALTH LIMITED on 31 March 2023.
S & M ELECTRONICS LIMITED is controlled by Mr Atul Patel, who held 54.60% of the total number of voting shares in issue at the start of the year. Following a disposal of 30 voting shares on 2 March 2022, the % of voting shares held reduced to 53.90% at which level it remained until the end of the year. Dr Shane Patel and Dr Mitul Patel are the adult children of Mr Atul Patel
Dr Shane Patel and Dr Mitul Patel both have minority interests in the share capital of S & M ELECTRONICS LIMITED.
SUDDHA-AIR LIMITED - Associated Company
There are no transactions in the year with SUDDHA-AIR LIMITED.
Dr Shane Patel and Dr Mitul Patel are both directors of SUDDHA-AIR LIMITED and together own all the issued share capital of SUDDHA-AIR LIMITED.
11. Ultimate Controlling Party
The Company was controlled throughout the year by Dr Shane Patel who held 1001 of the 10p Ordinary Voting Shares representing 50.025% of the total issued share capital, there then being 2001 10p Ordinary Voting Shares in issue. 
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