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Registration number: 13560602

South Dales Healthcare Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

South Dales Healthcare Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

South Dales Healthcare Ltd

Company Information

Directors

Dr P Blackwell

Dr J M W Lewis

Company secretary

L Donohoe

Registered office

Unit 2 Spire House
Waterside Business Park
Ashbourne
Derbyshire
DE6 1DG

Accountants

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

South Dales Healthcare Ltd

(Registration number: 13560602)
Balance Sheet as at 31 March 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Tangible assets

4

112,382

177,198

Current assets

 

Debtors

5

207,889

302,883

Cash at bank and in hand

 

275,604

207,729

 

483,493

510,612

Creditors: Amounts falling due within one year

6

(292,420)

(294,011)

Net current assets

 

191,073

216,601

Total assets less current liabilities

 

303,455

393,799

Creditors: Amounts falling due after more than one year

6

(145,057)

(159,842)

Provisions for liabilities

-

(10,024)

Net assets

 

158,398

223,933

Capital and reserves

 

Called up share capital

260

260

Retained earnings

158,138

223,673

Shareholders' funds

 

158,398

223,933

For the financial year ending 31 March 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.

 

South Dales Healthcare Ltd

(Registration number: 13560602)
Balance Sheet as at 31 March 2024 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 21 March 2025 and signed on its behalf by:
 

.........................................
Dr P Blackwell
Director

   
     
 

South Dales Healthcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 13560602.

The address of its registered office is:
Unit 2 Spire House
Waterside Business Park
Ashbourne
Derbyshire
DE6 1DG

These financial statements were authorised for issue by the Board on 21 March 2025.

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 presentation currency is £ sterling.

 

South Dales Healthcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Prior period errors

The financial statements for the period ended 31st March 2023 had included issued share capital of £64,783 which has been reclassified as shareholders loans. The comparative figures have been restated to correct this error.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

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 balance sheet 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

Fixtures and fittings

15% reducing balance basis

Plant and machinery

25% reducing balance basis

 

South Dales Healthcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Motor vehicles

15% reducing balance basis

Computer equipment

33.33% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

South Dales Healthcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2023 - 22).

 

South Dales Healthcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

22,926

151,671

15,232

189,829

Additions

1,752

-

4,089

5,841

Disposals

-

(53,448)

-

(53,448)

At 31 March 2024

24,678

98,223

19,321

142,222

Depreciation

At 1 April 2023

1,478

9,678

1,475

12,631

Charge for the year

4,275

14,029

3,886

22,190

Eliminated on disposal

-

(4,981)

-

(4,981)

At 31 March 2024

5,753

18,726

5,361

29,840

Carrying amount

At 31 March 2024

18,925

79,497

13,960

112,382

At 31 March 2023

21,448

141,993

13,757

177,198

5

Debtors

Current

2024
£

2023
£

Trade debtors

140,021

257,735

Prepayments

59,000

45,148

Other debtors

8,868

-

 

207,889

302,883

 

South Dales Healthcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

20,286

88,070

Taxation and social security

12,298

68,249

Accruals and deferred income

77,909

46,128

Other creditors

181,927

91,564

292,420

294,011

Creditors: amounts falling due after more than one year

2024
£

(As restated)

2023
£

Due after one year

Other creditors

145,057

159,842

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £78,927 (2023 - £74,250).