Company registration number 06294905 (England and Wales)
CLINPHARM HEALTHCARE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
CLINPHARM HEALTHCARE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CLINPHARM HEALTHCARE LTD
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,008
8,318
Current assets
Stocks
42,350
41,400
Debtors
4
165,330
168,916
Cash at bank and in hand
76,284
53,387
283,964
263,703
Creditors: amounts falling due within one year
5
(192,087)
(200,864)
Net current assets
91,877
62,839
Total assets less current liabilities
98,885
71,157
Provisions for liabilities
(1,234)
(460)
Net assets
97,651
70,697
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
96,651
69,697
Total equity
97,651
70,697
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 30 June 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.
The financial statements were approved and signed by the director and authorised for issue on 19 March 2025
Mohammed Azim
Director
Company registration number 06294905 (England and Wales)
CLINPHARM HEALTHCARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
Clinpharm Healthcare Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 674 Coventry Road, Small Heath, Birmingham, West Midlands, UK, B10 0UU.
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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4
Intangible fixed assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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:
Plant and equipment
25% on reducing balance
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.
CLINPHARM HEALTHCARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
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
Pensions
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
22
12
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023
93,189
Additions
1,024
At 30 June 2024
94,213
Depreciation and impairment
At 1 July 2023
84,870
Depreciation charged in the year
2,335
At 30 June 2024
87,205
Carrying amount
At 30 June 2024
7,008
At 30 June 2023
8,318
CLINPHARM HEALTHCARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
111,687
108,025
Other debtors
53,643
60,891
165,330
168,916
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
131,447
145,712
Corporation tax
23,093
14,674
Other taxation and social security
4,631
7,440
Other creditors
32,916
33,038
192,087
200,864
6
Ultimate Controlling Party
The controlling party is Mohammed Azim and Khalid Hussain.