IRIS Accounts Production v25.1.0.734 07790094 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077900942023-07-31077900942024-07-31077900942023-08-012024-07-31077900942022-07-31077900942022-08-012023-07-31077900942023-07-3107790094ns15:EnglandWales2023-08-012024-07-3107790094ns14:PoundSterling2023-08-012024-07-3107790094ns10:Director12023-08-012024-07-3107790094ns10:Director22023-08-012024-07-3107790094ns10:CompanyLimitedByGuarantee2023-08-012024-07-3107790094ns10:SmallEntities2023-08-012024-07-3107790094ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3107790094ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3107790094ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3107790094ns10:FullAccounts2023-08-012024-07-3107790094ns10:Director32023-08-012024-07-3107790094ns10:Director42023-08-012024-07-3107790094ns10:Director52023-08-012024-07-3107790094ns10:CompanySecretary12023-08-012024-07-3107790094ns10:RegisteredOffice2023-08-012024-07-3107790094ns5:CurrentFinancialInstruments2024-07-3107790094ns5:CurrentFinancialInstruments2023-07-3107790094ns5:RetainedEarningsAccumulatedLosses2024-07-3107790094ns5:RetainedEarningsAccumulatedLosses2023-07-3107790094ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3107790094ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 07790094 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

PRINCIPALLY HEALTH LIMITED

PRINCIPALLY HEALTH LIMITED (REGISTERED NUMBER: 07790094)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


PRINCIPALLY HEALTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: G H G Baines
P M Slater
J M Gambles
M F Owen-Long
Mrs C Grundy





SECRETARY: G H G Baines





REGISTERED OFFICE: Unit G.01
Clarence Arcade
Stamford Street Central
Ashton-under-Lyne
OL6 7PT





REGISTERED NUMBER: 07790094 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

PRINCIPALLY HEALTH LIMITED (REGISTERED NUMBER: 07790094)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 223 63
Cash at bank 36,985 43,972
37,208 44,035
CREDITORS
Amounts falling due within one year 5 16,592 23,306
NET CURRENT ASSETS 20,616 20,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,616

20,729

RESERVES
Income and expenditure account 20,616 20,729
20,616 20,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th April 2025 and were signed on its behalf by:




J M Gambles - Director



M F Owen-Long - Director


PRINCIPALLY HEALTH LIMITED (REGISTERED NUMBER: 07790094)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Principally Health Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 223 63

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 5,167
Other creditors 16,592 18,139
16,592 23,306

PRINCIPALLY HEALTH LIMITED (REGISTERED NUMBER: 07790094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

6. COMPANY STATUS

The company is limited by guarantee. Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up while he is a member or within one year after he ceases to be a member, for payment of the company's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up.