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Registered number: 13524762
Healthtech 1 Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
Alexander Myerson & Co Limited
Alexander House
61 Rodney Street
Liverpool
Merseyside
L1 9ER
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 13524762
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,899 8,909
27,899 8,909
CURRENT ASSETS
Debtors 1,976,024 17,877
Cash at bank and in hand 273,774 83,738
2,249,798 101,615
Creditors: Amounts Falling Due Within One Year (273,401 ) (180,166 )
NET CURRENT ASSETS (LIABILITIES) 1,976,397 (78,551 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,004,296 (69,642 )
Creditors: Amounts Falling Due After More Than One Year (2,291,474 ) -
NET LIABILITIES (287,178 ) (69,642 )
CAPITAL AND RESERVES
Called up share capital 5 40 40
Profit and Loss Account (287,218 ) (69,682 )
SHAREHOLDERS' FUNDS (287,178) (69,642)
Page 1
Page 2
For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr P Huang
Director
17 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Healthtech 1 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13524762 . The registered office is 91 Belmont Hill, London, SE13 5AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 5years Straight Line
Computer Equipment 3years Straight Line
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 6)
14 6
4. Tangible Assets
Total
£
Cost
As at 1 August 2023 10,936
Additions 28,564
As at 31 July 2024 39,500
Depreciation
As at 1 August 2023 2,027
Provided during the period 9,574
As at 31 July 2024 11,601
Net Book Value
As at 31 July 2024 27,899
As at 1 August 2023 8,909
Page 3
Page 4
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40 40
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Rajkumar Kohli - - - - 10,231
Mr Peter Huang - - - - 20
The above loan is unsecured, interest free and repayable on demand.
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