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Company Registration No. 09525644 (England and Wales)
5 HEALTH SOLUTIONS LTD Unaudited accounts for the year ended 31 March 2024
5 HEALTH SOLUTIONS LTD Unaudited accounts Contents
Page
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5 HEALTH SOLUTIONS LTD Company Information for the year ended 31 March 2024
Director
Syed Ali Raza Naqvi
Company Number
09525644 (England and Wales)
Registered Office
SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENTR 300 PRINCESS ROAD MANCHESTER M14 7HR ENGLAND
Accountants
CLEARCUT ACCOUNTING LIMITED SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENT 300 PRINCESS ROAD MANCHESTER M14 7HR
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5 HEALTH SOLUTIONS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
291 
387 
Current assets
Inventories
10,910 
10,910 
Debtors
842,564 
1,270,740 
Cash at bank and in hand
163,316 
292,890 
1,016,790 
1,574,540 
Creditors: amounts falling due within one year
(680,426)
(1,340,388)
Net current assets
336,364 
234,152 
Total assets less current liabilities
336,655 
234,539 
Creditors: amounts falling due after more than one year
(66,004)
(30,478)
Net assets
270,651 
204,061 
Capital and reserves
Called up share capital
4 
4 
Share premium
58,000 
- 
Profit and loss account
212,647 
204,057 
Shareholders' funds
270,651 
204,061 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 December 2024 and were signed on its behalf by
Syed Ali Raza Naqvi Director Company Registration No. 09525644
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5 HEALTH SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
5 HEALTH SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 09525644. The registered office is SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENTR, 300 PRINCESS ROAD, MANCHESTER, M14 7HR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. T
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
SLM over 5 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The financial statements have been prepared on the going concern basis which the director believe to appropriate for the following reasons. The director have prepared cash flow forecasts for a period of 12 months which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds in downside cases to meet its liabilities as they fall due for that period. Therefore have prepared the financial statements on going concern basis.
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5 HEALTH SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
1,601 
1,459 
2,288 
5,348 
At 31 March 2024
1,601 
1,459 
2,288 
5,348 
Depreciation
At 1 April 2023
1,600 
1,459 
1,902 
4,961 
Charge for the year
1 
- 
95 
96 
At 31 March 2024
1,601 
1,459 
1,997 
5,057 
Net book value
At 31 March 2024
- 
- 
291 
291 
At 31 March 2023
1 
- 
386 
387 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
28,648 
27,972 
Trade debtors
67,312 
69,826 
Other debtors
224,452 
1,172,942 
320,412 
1,270,740 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
74,597 
- 
Other debtors
447,555 
- 
522,152 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
490,028 
1,167,073 
Taxes and social security
34,949 
20,573 
Other creditors
114,889 
90,195 
Loans from directors
40,560 
62,547 
680,426 
1,340,388 
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.
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5 HEALTH SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,829 
30,478 
Other creditors
46,175 
- 
66,004 
30,478 
8
Controlling party
The director controls the company.
9
Average number of employees
During the year the average number of employees was 12 (2023: 13).
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