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Company Registration No. 14443917 (England and Wales)
Farla Medical Healthcare Ltd Unaudited accounts for the period from 26 October 2022 to 31 March 2024
Farla Medical Healthcare Ltd Unaudited accounts Contents
Page
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Farla Medical Healthcare Ltd Company Information for the period from 26 October 2022 to 31 March 2024
Director
Lipman Zalcberg
Company Number
14443917 (England and Wales)
Registered Office
4 Imperial Place Maxwell Road Borehamwood WD6 1JN
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Farla Medical Healthcare Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
26,499 
Current assets
Inventories
766,253 
Debtors
2,308,019 
Cash at bank and in hand
7,333 
3,081,605 
Creditors: amounts falling due within one year
(1,738,417)
Net current assets
1,343,188 
Total assets less current liabilities
1,369,687 
Creditors: amounts falling due after more than one year
(1,225,002)
Net assets
144,685 
Capital and reserves
Called up share capital
100 
Share premium
3,955,766 
Profit and loss account
(3,811,181)
Shareholders' funds
144,685 
For the period 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 10 April 2025 and were signed on its behalf by
Lipman Zalcberg Director Company Registration No. 14443917
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Farla Medical Healthcare Ltd Notes to the Accounts for the period from 26 October 2022 to 31 March 2024
1
Statutory information
Farla Medical Healthcare Ltd is a private company, limited by shares, registered in England and Wales, registration number 14443917. The registered office is 4 Imperial Place, Maxwell Road, Borehamwood, WD6 1JN.
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 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. 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.
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:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. The director expects an upturn in future trade that would improve the company's profitability. The parent company has also confirmed their intention to continue to support the company.
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Farla Medical Healthcare Ltd Notes to the Accounts for the period from 26 October 2022 to 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 26 October 2022
- 
- 
- 
Additions
23,782 
10,427 
34,209 
At 31 March 2024
23,782 
10,427 
34,209 
Depreciation
Charge for the period
4,756 
2,954 
7,710 
At 31 March 2024
4,756 
2,954 
7,710 
Net book value
At 31 March 2024
19,026 
7,473 
26,499 
5
Inventories
2024 
£ 
Finished goods
766,253 
766,253 
6
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
1,632,297 
Accrued income and prepayments
194,657 
Other debtors
481,065 
2,308,019 
7
Creditors: amounts falling due within one year
2024 
£ 
VAT
453,890 
Trade creditors
664,631 
Taxes and social security
429,929 
Other creditors
185,467 
Accruals
4,500 
1,738,417 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Other creditors
1,225,002 
9
Average number of employees
During the period the average number of employees was 35.
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