Company registration number 08853167 (England and Wales)
WASHWOOD HEATH HEALTHCARE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
WASHWOOD HEATH HEALTHCARE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
WASHWOOD HEATH HEALTHCARE LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
238,049
256,928
Tangible assets
4
314,109
364,430
552,158
621,358
Current assets
Stocks
48,750
32,307
Debtors
5
100,013
117,551
Cash at bank and in hand
5,475
37,993
154,238
187,851
Creditors: amounts falling due within one year
6
(128,211)
(169,505)
Net current assets
26,027
18,346
Total assets less current liabilities
578,185
639,704
Creditors: amounts falling due after more than one year
7
(1,083,188)
(1,062,304)
Net liabilities
(505,003)
(422,600)
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
(505,007)
(422,604)
Total equity
(505,003)
(422,600)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

WASHWOOD HEATH HEALTHCARE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 13 March 2025 and are signed on its behalf by:
Mohammed Azim
Director
Company registration number 08853167 (England and Wales)
WASHWOOD HEATH HEALTHCARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Washwood Heath Healthcare Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 137 Halesowen Road, Netherton, Dudley, UK, DY2 9PY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets - goodwill

Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leasehold
over the life of lease
Plant and equipment
25% on cost and 10% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

WASHWOOD HEATH HEALTHCARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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.

1.8
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
7
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
377,500
Amortisation and impairment
At 1 April 2023
120,571
Amortisation charged for the year
18,880
At 31 March 2024
139,451
Carrying amount
At 31 March 2024
238,049
At 31 March 2023
256,928
WASHWOOD HEATH HEALTHCARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Tangible fixed assets
Long leasehold
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
618,686
200,825
8,280
827,791
Depreciation and impairment
At 1 April 2023
275,831
179,251
8,280
463,362
Depreciation charged in the year
30,934
19,386
-
0
50,320
At 31 March 2024
306,765
198,637
8,280
513,682
Carrying amount
At 31 March 2024
311,921
2,188
-
0
314,109
At 31 March 2023
342,856
21,574
-
0
364,430
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
53,297
65,457
Other debtors
46,716
52,094
100,013
117,551
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,003
8,571
Trade creditors
64,411
108,557
Taxation and social security
7,102
6,981
Other creditors
46,695
45,396
128,211
169,505
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,668
23,104
Other creditors
1,071,520
1,039,200
1,083,188
1,062,304
WASHWOOD HEATH HEALTHCARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
8
Ultimate Controlling Party

In the opinion of the director the company is controlled by Clinpharm Plus Ltd.

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