Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 07687107 Mr A B Lakhani Mr B V Lakhani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07687107 2023-11-30 07687107 2024-11-30 07687107 2023-12-01 2024-11-30 07687107 frs-core:CurrentFinancialInstruments 2024-11-30 07687107 frs-core:Non-currentFinancialInstruments 2024-11-30 07687107 frs-core:FurnitureFittings 2024-11-30 07687107 frs-core:FurnitureFittings 2023-12-01 2024-11-30 07687107 frs-core:FurnitureFittings 2023-11-30 07687107 frs-core:NetGoodwill 2024-11-30 07687107 frs-core:NetGoodwill 2023-12-01 2024-11-30 07687107 frs-core:NetGoodwill 2023-11-30 07687107 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 07687107 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 07687107 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 07687107 frs-core:WithinOneYear 2024-11-30 07687107 frs-core:ShareCapital 2024-11-30 07687107 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 07687107 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07687107 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 07687107 frs-bus:SmallEntities 2023-12-01 2024-11-30 07687107 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07687107 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07687107 frs-bus:Director1 2023-12-01 2024-11-30 07687107 frs-bus:Director2 2023-12-01 2024-11-30 07687107 frs-countries:EnglandWales 2023-12-01 2024-11-30 07687107 2022-11-30 07687107 2023-11-30 07687107 2022-12-01 2023-11-30 07687107 frs-core:CurrentFinancialInstruments 2023-11-30 07687107 frs-core:Non-currentFinancialInstruments 2023-11-30 07687107 frs-core:WithinOneYear 2023-11-30 07687107 frs-core:ShareCapital 2023-11-30 07687107 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 07687107
Green Cross Healthcare Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Affinity Associates (Flemmings) Limited
76 Canterbury Road
Croydon
Surrey
CR0 3HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07687107
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 480,550 549,200
Tangible Assets 5 3,677 4,911
484,227 554,111
CURRENT ASSETS
Stocks 82,271 97,112
Debtors 6 135,267 124,055
Cash at bank and in hand 58,505 66,128
276,043 287,295
Creditors: Amounts Falling Due Within One Year 7 (336,235 ) (312,578 )
NET CURRENT ASSETS (LIABILITIES) (60,192 ) (25,283 )
TOTAL ASSETS LESS CURRENT LIABILITIES 424,035 528,828
Creditors: Amounts Falling Due After More Than One Year 8 (280,709 ) (324,844 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (863 ) (1,079 )
NET ASSETS 142,463 202,905
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 142,363 202,805
SHAREHOLDERS' FUNDS 142,463 202,905
Page 1
Page 2
For the year ending 30 November 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.
On behalf of the board
Mr A B Lakhani
Director
12 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Green Cross Healthcare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07687107 . The registered office is 54 Bishopscote Road, Luton, Bedfordshire, LU3 1PB.
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.
The financial statements are presented in Pound Sterling, which is the functional currency of the company.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.5. 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:
Leasehold Over 8 years
Fixtures & Fittings 20% Reducing Balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing
borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of
transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account
over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable
and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement
of the liability for at least twelve months after the reporting date.
Bank borrowings
Bank loans is denominated in Sterling with a nominal interest rate of 3.05%, and the final instalment is due on
5 February 2031. The carrying amount at year end is £308,276 (2023 - £342,369).
The bank loans are secured as follows:
1. Debenture dated 5 February 2016 from the company over the leasehold properties occupied by the company;
2. Personal guarantee from the directors for a sum of £638,757; and
3. Life cover policy assigned from one of the directors for a minimum sum of £600,000 over a 16 year term.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 13)
15 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 1,373,000
As at 30 November 2024 1,373,000
Amortisation
As at 1 December 2023 823,800
Provided during the period 68,650
As at 30 November 2024 892,450
...CONTINUED
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Net Book Value
As at 30 November 2024 480,550
As at 1 December 2023 549,200
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2023 9,424 21,234 30,658
As at 30 November 2024 9,424 21,234 30,658
Depreciation
As at 1 December 2023 8,584 17,163 25,747
Provided during the period 420 814 1,234
As at 30 November 2024 9,004 17,977 26,981
Net Book Value
As at 30 November 2024 420 3,257 3,677
As at 1 December 2023 840 4,071 4,911
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 103,849 105,860
Prepayments and accrued income 4,010 4,560
VAT 27,408 13,635
135,267 124,055
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 161,877 154,175
Bank loans and overdrafts 44,848 44,848
Other creditors 123,196 103,554
Taxation and social security 6,314 10,001
336,235 312,578
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 280,709 324,844
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 62 64
62 64
This relates to the outstanding commitments for the future minimum lease payments under a non-cancellable operating lease for hte property which the company trades from. 
10. Related Party Transactions
Other transactions with directors
Mr B Lakhani (Director)
Mr A Lakhani (Director and Sole Shareholder)
Mr B Lakhani together with his wife Mrs V Lakhani own the business premises where the company trades from.
The company pays annual rent of £2 for the occupation of the business premises.
In respect of the company's bank borrowings, Mr B Lakhani and Mr A Lakhani have provided a personal
guarantee for a sum of £638,757 and Mr A Lakhani has assigned a life cover policy in the sum of £600,000 over
a 16 year term.
Interest free loans have been provided by Mr B Lakhani and Mr A Lakhani. There are no formal repayment
terms agreed for the loans. However, Mr B Lakhani and Mr A Lakhani will not demand repayment of the loans
unless the company has funds to do so.
At the balance sheet date the amount due to Mr B Lakhani and Mr A Lakhani was £84,993 (2023 - £72,715).
During the year, dividends amounting to £13,500 (2023 - £14,800) were paid to Mr A Lakhani.
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