Registered number
08078846
PENWORTHAM HEALTHCARE LIMITED
Filleted Accounts
30 June 2024
PENWORTHAM HEALTHCARE LIMITED
Registered number: 08078846
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 203,641 251,936
Tangible assets 4 14,940 4,755
218,581 256,691
Current assets
Stocks 84,250 78,749
Debtors 5 746,185 700,234
Cash at bank and in hand 260,846 327,333
1,091,281 1,106,316
Creditors: amounts falling due within one year 6 (661,094) (694,836)
Net current assets 430,187 411,480
Total assets less current liabilities 648,768 668,171
Creditors: amounts falling due after more than one year 7 (321,499) (346,904)
Net assets 327,269 321,267
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 326,269 320,267
Shareholders' funds 327,269 321,267
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr irfan Dasu
Director
Approved by the board on 29 January 2025
PENWORTHAM HEALTHCARE LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Vehicles over 4 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 19 16
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 482,945
At 30 June 2024 482,945
Amortisation
At 1 July 2023 231,009
Provided during the year 48,295
At 30 June 2024 279,304
Net book value
At 30 June 2024 203,641
At 30 June 2023 251,936
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixtures, fittings & equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 40,321 5,164 10,885 56,370
Additions 7,294 5,282 5,500 18,076
At 30 June 2024 47,615 10,446 16,385 74,446
Depreciation
At 1 July 2023 40,321 3,377 7,917 51,615
Charge for the year 1,459 2,089 4,343 7,891
At 30 June 2024 41,780 5,466 12,260 59,506
Net book value
At 30 June 2024 5,835 4,980 4,125 14,940
At 30 June 2023 - 1,787 2,968 4,755
5 Debtors 2024 2023
£ £
Trade debtors 367,880 339,905
Other debtors 378,305 360,329
746,185 700,234
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 32,164 37,213
Trade creditors 378,600 390,425
Taxation and social security costs (21,323) 3,012
Other creditors 271,653 264,186
661,094 694,836
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 321,499 346,904
8 Other information
PENWORTHAM HEALTHCARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
47 - 49 New Hall Lane
Preston
Lancashire
PR1 5NY
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