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Registered number: 09841132
Business Health Partnership Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Heelan Associates Ltd
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09841132
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 449 284
Tangible Assets 5 24,604 20,631
25,053 20,915
CURRENT ASSETS
Stocks 6 2,908 3,275
Debtors 7 54,551 42,280
Cash at bank and in hand 12,927 19,023
70,386 64,578
Creditors: Amounts Falling Due Within One Year 8 (40,131 ) (37,459 )
NET CURRENT ASSETS (LIABILITIES) 30,255 27,119
TOTAL ASSETS LESS CURRENT LIABILITIES 55,308 48,034
Creditors: Amounts Falling Due After More Than One Year 9 (21,482 ) (26,923 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,760 ) (3,974 )
NET ASSETS 29,066 17,137
CAPITAL AND RESERVES
Called up share capital 18 10
Profit and Loss Account 29,048 17,127
SHAREHOLDERS' FUNDS 29,066 17,137
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For the year ending 31 October 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
Mrs L Etherington
Director
29 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Business Health Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09841132 . The registered office is 1 The Briars, Waterberry Drive, Waterlooville, PO7 7YH.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
2.4. 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:
Plant & Machinery over 3 years
Motor Vehicles over 5 years
2.5. 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.
2.6. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
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4. Intangible Assets
Other
£
Cost
As at 1 November 2023 284
Additions 165
As at 31 October 2024 449
Net Book Value
As at 31 October 2024 449
As at 1 November 2023 284
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 16,814 75,612 92,426
Additions 1,208 10,923 12,131
Disposals (950 ) (2,455 ) (3,405 )
As at 31 October 2024 17,072 84,080 101,152
Depreciation
As at 1 November 2023 12,325 59,470 71,795
Provided during the period 2,102 4,211 6,313
Disposals (950 ) (610 ) (1,560 )
As at 31 October 2024 13,477 63,071 76,548
Net Book Value
As at 31 October 2024 3,595 21,009 24,604
As at 1 November 2023 4,489 16,142 20,631
6. Stocks
2024 2023
£ £
Stock 2,908 3,275
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,196 26,381
Other debtors 28,055 14,599
53,251 40,980
Due after more than one year
Other debtors 1,300 1,300
54,551 42,280
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,244 6,252
Bank loans and overdrafts 4,444 4,444
Other loans 997 4,989
Other creditors - 8,296
Taxation and social security 24,446 13,478
40,131 37,459
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,482 25,926
Other loans - 997
21,482 26,923
10. Related Party Transactions
Included within other debtors is the amount of £23,529 (2023 - £4,000) from close partipators. This amount is undated, unsecured and paybale on demand. 
11. Controlling Party
The company's controlling party is Mrs L Etherington by virtue of their ownership of share capital in the company.
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