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Registration number: 04682292

Ideal Health Consultants Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 June 2024

 

Ideal Health Consultants Limited

(Registration number: 04682292)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1,488

9,579

Tangible assets

5

25,123

30,197

Investments

6

2,098

2,098

 

28,709

41,874

Current assets

 

Debtors

7

2,023,525

2,870,398

Cash at bank and in hand

 

63,966

303,270

 

2,087,491

3,173,668

Creditors: Amounts falling due within one year

8

(1,488,320)

(2,372,578)

Net current assets

 

599,171

801,090

Total assets less current liabilities

 

627,880

842,964

Creditors: Amounts falling due after more than one year

8

(213,576)

-

Provisions for liabilities

(6,281)

(7,549)

Net assets

 

408,023

835,415

Capital and reserves

 

Called up share capital

5,000

5,000

Profit and loss account

403,023

830,415

Shareholders' funds

 

408,023

835,415

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Ideal Health Consultants Limited

(Registration number: 04682292)
Statement of Financial Position as at 30 June 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 23 December 2024 and signed on its behalf by:
 

.........................................
Mr C D C Brimble
Director

.........................................
Mrs K A Rusbridge
Director

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold property

Straight line over the life of the lease

Fixtures and fittings

25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Other intangible assets

Straight line over 2 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2023 - 31).

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 July 2023

26,866

26,866

Additions acquired separately

2,544

2,544

At 30 June 2024

29,410

29,410

Amortisation

At 1 July 2023

17,287

17,287

Amortisation charge

10,635

10,635

At 30 June 2024

27,922

27,922

Carrying amount

At 30 June 2024

1,488

1,488

At 30 June 2023

9,579

9,579

5

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 July 2023

12,301

116,727

129,028

Additions

-

4,118

4,118

Disposals

-

(5,440)

(5,440)

At 30 June 2024

12,301

115,405

127,706

Depreciation

At 1 July 2023

10,623

88,208

98,831

Charge for the year

335

7,808

8,143

Eliminated on disposal

-

(4,391)

(4,391)

At 30 June 2024

10,958

91,625

102,583

Carrying amount

At 30 June 2024

1,343

23,780

25,123

At 30 June 2023

1,678

28,519

30,197

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

2,098

2,098

Subsidiaries

£

Cost or valuation

At 1 July 2023

2,098

Provision

Carrying amount

At 30 June 2024

2,098

At 30 June 2023

2,098

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

609,813

1,404,273

Amounts owed by related parties

11

756,515

803,512

Other debtors

 

438,348

225,276

Prepayments

 

144,716

103,229

Accrued income

 

74,133

334,108

 

2,023,525

2,870,398

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

9

39,365

-

Trade creditors

 

316,176

220,330

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

2,097

2,097

Taxation and social security

 

134,027

479,501

Accruals and deferred income

 

984,678

1,523,712

Other creditors

 

11,977

146,938

 

1,488,320

2,372,578

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

9

213,576

-


Creditors include finance loans of £251,941 (2023 - nil) which are secured by way of a debenture placing fixed and floating charges over the company's assets (2023 - nil).

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

213,576

-

Current loans and borrowings

2024
£

2023
£

Other borrowings

39,365

-

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £263,320 (2023 - £311,967).

11

Related party transactions

During the year the amounts below were advanced to the directors. Interest was charged on the loans at the HMRC beneficial loan interest rates prevailing during the year. The loans are unsecured and repayable on demand.

The directors have also given personal guarantees in respect of the company's long-term finance loan.

Transactions with directors

2024

At 1 July 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Amounts advanced

175,354

95,344

-

270,698

-

-

-

-

-

-

-

-

 

175,354

95,344

-

270,698

       

 

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

Amounts advanced

119,999

146,355

(91,000)

175,354

 

119,999

146,355

(91,000)

175,354