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
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
5 HEALTH SOLUTIONS LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
163,316
292,890
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
Called up share capital
4
4
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
5 HEALTH SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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.
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
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
At 31 March 2024
-
-
291
291
At 31 March 2023
1
-
386
387
Amounts falling due within one year
Trade debtors
67,312
69,826
Other debtors
224,452
1,172,942
Amounts falling due after more than one year
Amounts due from group undertakings etc.
74,597
-
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
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.
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
The director controls the company.
9
Average number of employees
During the year the average number of employees was 12 (2023: 13).