13 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 31,221 387 10,518 21,090 22,428 1,967 8,785 15,610 5,480 8,793 xbrli:pure xbrli:shares iso4217:GBP 10510683 2024-01-01 2024-12-31 10510683 2024-12-31 10510683 2023-12-31 10510683 2023-01-01 2023-12-31 10510683 2023-12-31 10510683 2022-12-31 10510683 bus:Director1 2024-01-01 2024-12-31 10510683 bus:Director2 2024-01-01 2024-12-31 10510683 core:WithinOneYear 2024-12-31 10510683 core:WithinOneYear 2023-12-31 10510683 core:AfterOneYear 2024-12-31 10510683 core:AfterOneYear 2023-12-31 10510683 core:ShareCapital 2024-12-31 10510683 core:ShareCapital 2023-12-31 10510683 core:RetainedEarningsAccumulatedLosses 2024-12-31 10510683 core:RetainedEarningsAccumulatedLosses 2023-12-31 10510683 bus:SmallEntities 2024-01-01 2024-12-31 10510683 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10510683 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10510683 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10510683 bus:FullAccounts 2024-01-01 2024-12-31 10510683 core:OfficeEquipment 2023-12-31 10510683 core:OfficeEquipment 2024-01-01 2024-12-31 10510683 core:OfficeEquipment 2024-12-31 10510683 bus:Director2 2023-01-01 2023-12-31 10510683 bus:Director1 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 10510683
Priority Digital Health Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Priority Digital Health Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
5,480
8,793
Current assets
Debtors
6
172,946
207,033
Cash at bank and in hand
5,392
10,917
---------
---------
178,338
217,950
Creditors: amounts falling due within one year
7
137,841
129,522
---------
---------
Net current assets
40,497
88,428
--------
--------
Total assets less current liabilities
45,977
97,221
Creditors: amounts falling due after more than one year
8
28,220
100,617
Provisions
1,009
--------
---------
Net assets/(liabilities)
17,757
( 4,405)
--------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
17,756
( 4,406)
--------
-------
Shareholders funds/(deficit)
17,757
( 4,405)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Priority Digital Health Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:
Mr J Dibb
Mrs A J Meadows
Director
Director
Company registration number: 10510683
Priority Digital Health Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St John's Innovation Centre, Cowley Road, Cambridge, CB4 0WS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from services rendered is recognised when each stage of the service has been performed, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from maintenance services is recognised evenly over the period to which it relates.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
15% reducing balance and 25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2023: 13 ).
5. Tangible assets
Equipment
£
Cost
At 1 January 2024
31,221
Additions
387
Disposals
( 10,518)
--------
At 31 December 2024
21,090
--------
Depreciation
At 1 January 2024
22,428
Charge for the year
1,967
Disposals
( 8,785)
--------
At 31 December 2024
15,610
--------
Carrying amount
At 31 December 2024
5,480
--------
At 31 December 2023
8,793
--------
6. Debtors
2024
2023
£
£
Trade debtors
82,985
91,962
Other debtors
89,961
115,071
---------
---------
172,946
207,033
---------
---------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Other debtors
21,993
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
72,397
64,502
Trade creditors
15,776
11,477
Social security and other taxes
27,951
48,033
Other creditors
21,717
5,510
---------
---------
137,841
129,522
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
28,220
100,617
--------
---------
9. Other financial commitments
The total future minimum lease payments under non-cancellable operating leases are £ 12,056 (2023: £ 19,866 ).
10. Directors' advances, credits and guarantees
During the year the company made advances to and received repayments from a director. Interest has been charged at the official HMRC rate on all overdrawn loan account balances once exceeded £10,000. There are no repayment terms.
2024 2023
£ £
Advances 34,240 36,514
Repayments 37,000 18,508
Balance due from director 30,515 33,275
During the year the company made advances to and received repayments from a director. Interest has been charged at the official HMRC rate on all overdrawn loan account balances once exceeded £10,000. There are no repayment terms.
2024 2023
£ £
Advances 35,083 36,578
Repayments 37,000 17,750
Balance due from director 34,648 36,565