Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 06272076 Mrs Nicola Renovich Mrs Nicola Renovich iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06272076 2023-06-30 06272076 2024-06-30 06272076 2023-07-01 2024-06-30 06272076 frs-core:ComputerEquipment 2023-07-01 2024-06-30 06272076 frs-core:FurnitureFittings 2023-07-01 2024-06-30 06272076 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06272076 frs-core:PlantMachinery 2023-07-01 2024-06-30 06272076 frs-core:RevaluationReserve 2023-06-30 06272076 frs-core:RevaluationReserve 2024-06-30 06272076 frs-core:ShareCapital 2024-06-30 06272076 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 06272076 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06272076 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 06272076 frs-bus:SmallEntities 2023-07-01 2024-06-30 06272076 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06272076 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06272076 frs-bus:Director1 2023-07-01 2024-06-30 06272076 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 06272076 frs-countries:EnglandWales 2023-07-01 2024-06-30 06272076 2022-06-30 06272076 2023-06-30 06272076 2022-07-01 2023-06-30 06272076 frs-core:RevaluationReserve 2023-06-30 06272076 frs-core:ShareCapital 2023-06-30 06272076 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 06272076
Ashburton Health Clinic Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Dawes Accountants Limited
ICAEW
100 Queen Street
Newton Abbot
TQ12 2EU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 06272076
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 207,242 208,050
207,242 208,050
CURRENT ASSETS
Stocks 400 -
Debtors 1,013 2,066
Cash at bank and in hand 208 812
1,621 2,878
Creditors: Amounts Falling Due Within One Year (91,451 ) (90,522 )
NET CURRENT ASSETS (LIABILITIES) (89,830 ) (87,644 )
TOTAL ASSETS LESS CURRENT LIABILITIES 117,412 120,406
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,040 ) (12,645 )
NET ASSETS 105,372 107,761
CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 6 97,120 97,120
Profit and Loss Account 8,152 10,541
SHAREHOLDERS' FUNDS 105,372 107,761
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Nicola Renovich
Director
19/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Ashburton Health Clinic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06272076 . The registered office is 24 West Street, Ashburton, Devon, TQ13 7DU.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Revalued
Plant & Machinery 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% SL
No depreciation has been provided on the freehold property, as it is the company's policy to maintain it's property in such a condition that the value is not impaired by the passage of time. Such expenditure is charged to profits in the year in which it is committed.
It is considered that the net book value at 30 June 2024 represents a fair value.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 July 2023 231,294
Additions 1,259
As at 30 June 2024 232,553
Depreciation
As at 1 July 2023 23,244
Provided during the period 2,067
As at 30 June 2024 25,311
Net Book Value
As at 30 June 2024 207,242
As at 1 July 2023 208,050
Cost or valuation as at 30 June 2024 represented by:
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
At cost 200,000 5,600 22,915 4,038 232,553
200,000 5,600 22,915 4,038 232,553
The freehold property is measured annually under the revaluation model. The value of the property this year is deemed to be £200,000 (2023 - £200,000).
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
6. Reserves
Revaluation Reserve
£
As at 1 July 2023 97,120
As at 30 June 2024 97,120
Page 5