Registered number
10359552
VED HEALTHCARE LIMITED
Filleted Accounts
31 March 2025
VED HEALTHCARE LIMITED
Registered number: 10359552
Balance Sheet
as at 31 March 2025
Notes 2025 2023
£ £
Fixed assets
Tangible assets 3 158,777 110,932
Current assets
Stocks 1,414,929 2,787,301
Debtors 4 2,867,913 1,709,304
Cash at bank and in hand 628,726 439,557
4,911,568 4,936,162
Creditors: amounts falling due within one year 5 (1,296,439) (1,721,059)
Net current assets 3,615,129 3,215,103
Total assets less current liabilities 3,773,906 3,326,035
Creditors: amounts falling due after more than one year 6 (295,128) -
Provisions for liabilities (14,985) (16,200)
Net assets 3,463,793 3,309,835
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,463,792 3,309,834
Shareholder's funds 3,463,793 3,309,835
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
.........................................
Mr K Mandanka
Director
Approved by the board on 23 June 2025
VED HEALTHCARE LIMITED
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment 20% reducing balance
Motor vehicle 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2023
Number Number
Average number of persons employed by the company 22 21
3 Tangible fixed assets
Short leasehold land & building Fixture, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 55,595 42,973 41,138 139,706
Additions 74,539 21,028 - 95,567
At 31 March 2025 130,134 64,001 41,138 235,273
Depreciation
At 1 October 2023 9,265 19,509 - 28,774
Charge for the period 22,030 13,350 12,342 47,722
At 31 March 2025 31,295 32,859 12,342 76,496
Net book value
At 31 March 2025 98,839 31,142 28,796 158,777
At 30 September 2023 46,330 23,464 41,138 110,932
4 Debtors 2025 2023
£ £
Trade debtors 2,673,857 1,646,713
Other debtors 194,056 62,591
2,867,913 1,709,304
5 Creditors: amounts falling due within one year 2025 2023
£ £
Bank loans and overdrafts 59,514 244,321
Obligations under finance lease and hire purchase contracts 4,818 -
Trade creditors 614,715 957,733
Taxation and social security costs 103,765 389,511
Other creditors 513,627 129,494
1,296,439 1,721,059
6 Creditors: amounts falling due after one year 2025 2023
£ £
Bank loans 267,335 -
Obligations under finance lease and hire purchase contracts 27,793 -
295,128 -
7 Other financial commitments 2025 2023
£ £
Total future minimum payments under non-cancellable operating leases 337,928 606,991
8 Related party transactions
Included in other debtors is an amount owed by the director of £123,755 (2023: £732 owed to the director). The company charged interest @3% on the oustanding loan balance. The director repaid the loan in full after the period end.
9 Other information
VED HEALTHCARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
69 Moore Court
Station Grove
Wembley
Middlesex
HA0 4AF
The presentation currency of the financial statements is the Pound Sterling (£).
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