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REGISTERED NUMBER: 07846675 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Innovation Health Care Ltd

Innovation Health Care Ltd (Registered number: 07846675)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Innovation Health Care Ltd

Company Information
for the year ended 30 November 2023







DIRECTORS: Dr W Waheed
Mrs A Waquas





REGISTERED OFFICE: 22-28 Willow Street
Accrington
Lancashire
BB5 1LP





BUSINESS ADDRESS: 24 Gatley Road
Cheadle
Cheshire
SK8 1QE





REGISTERED NUMBER: 07846675 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Innovation Health Care Ltd (Registered number: 07846675)

Abridged Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 77,640 100,857
Tangible assets 5 513,625 528,895
591,265 629,752

CURRENT ASSETS
Debtors 31,237 31,013
Cash at bank 73,017 129,917
104,254 160,930
CREDITORS
Amounts falling due within one year 192,519 161,432
NET CURRENT LIABILITIES (88,265 ) (502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,000

629,250

CREDITORS
Amounts falling due after more than one
year

822,116

872,949
NET LIABILITIES (319,116 ) (243,699 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (319,118 ) (243,701 )
SHAREHOLDERS' FUNDS (319,116 ) (243,699 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Innovation Health Care Ltd (Registered number: 07846675)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 March 2025 and were signed on its behalf by:





Dr W Waheed - Director


Innovation Health Care Ltd (Registered number: 07846675)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Innovation Health Care 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.

The financial statements have been prepared on a going concern basis. The company has net liabilities and net current liabilities in the current financial year. The company is reliant on the continued financial support of the bank and the directors by way of loans. The directors have indicated that they will continue to support the company for at least the next twelve months. No adjustments have been made to these financial statements for any other basis of preparation than the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company offers a provision of care as a service to their customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of 13 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


Innovation Health Care Ltd (Registered number: 07846675)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 304,480
AMORTISATION
At 1 December 2022 203,623
Amortisation for year 23,217
At 30 November 2023 226,840
NET BOOK VALUE

At 30 November 2023 77,640
At 30 November 2022 100,857

Innovation Health Care Ltd (Registered number: 07846675)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 748,160
Additions 941
At 30 November 2023 749,101
DEPRECIATION
At 1 December 2022 219,265
Charge for year 16,211
At 30 November 2023 235,476
NET BOOK VALUE
At 30 November 2023 513,625
At 30 November 2022 528,895

6. SECURED DEBTS

The following secured debts are included within creditors:

30/11/23 30/11/22
£    £   
Bank loans 475,339 526,722

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
2 Ordinary £1 2 2