Company Registration No. 07387276 (England and Wales)
KCL HEALTHCARE LIMITED
Unaudited accounts
for the year ended 29 February 2024
KCL HEALTHCARE LIMITED
Statement of financial position
as at 29 February 2024
Intangible assets
406,255
406,255
Tangible assets
27,802
33,663
Cash at bank and in hand
238,408
363,956
Creditors: amounts falling due within one year
(1,426,824)
(1,331,904)
Net current liabilities
(325,720)
(326,738)
Total assets less current liabilities
108,337
113,180
Provisions for liabilities
Deferred tax
(6,059)
(6,059)
Net assets
102,278
107,121
Called up share capital
100
100
Profit and loss account
102,178
107,021
Shareholders' funds
102,278
107,121
For the year ending 29 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by
MR A Hanif
Director
Company Registration No. 07387276
KCL HEALTHCARE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
KCL HEALTHCARE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07387276. The registered office is 87-89 Lees Road, Oldham, Lancashire, OL4 1JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% REDUCING BALANCE BASIS
Fixtures & fittings
20% REDUCING BALANCE BASIS
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
KCL HEALTHCARE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill
At 29 February 2024
406,255
At 29 February 2024
406,255
At 28 February 2023
406,255
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
17,900
96,512
114,412
At 29 February 2024
17,900
97,601
115,501
At 1 March 2023
13,100
67,649
80,749
Charge for the year
960
5,990
6,950
At 29 February 2024
14,060
73,639
87,699
At 29 February 2024
3,840
23,962
27,802
At 28 February 2023
4,800
28,863
33,663
Amounts falling due within one year
Trade debtors
117,996
177,152
Accrued income and prepayments
1,006
1,006
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
285,148
326,246
Taxes and social security
61,609
34,192
Other creditors
1,080,067
971,466
KCL HEALTHCARE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 15 (2023: 15).