Registered number
11915857
PRD HEALTHCARE LIMITED
Filleted Accounts
31 March 2025
PRD HEALTHCARE LIMITED
Registered number: 11915857
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 213,207 213,207
Tangible assets 4 69,780 73,321
282,987 286,528
Current assets
Debtors 5 105,786 109,967
Cash at bank and in hand 6,644 (10,439)
112,430 99,528
Creditors: amounts falling due within one year 6 (76,071) (68,233)
Net current assets 36,359 31,295
Total assets less current liabilities 319,346 317,823
Creditors: amounts falling due after more than one year 7 (271,836) (296,659)
Provisions for liabilities (10,447) (8,611)
Net assets 37,063 12,553
Capital and reserves
Called up share capital 2 2
Profit and loss account 37,061 12,551
Shareholders' funds 37,063 12,553
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Dr Sheetal Kaur
Director
Approved by the board on 28 July 2025
PRD HEALTHCARE LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Fixtures, fittings, tools and equipment 10% Reducing balance basis
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 213,207
At 31 March 2025 213,207
Amortisation
At 31 March 2025 -
Net book value
At 31 March 2025 213,207
At 31 March 2024 213,207
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 27,996 64,011 92,007
Additions - 1,102 1,102
At 31 March 2025 27,996 65,113 93,109
Depreciation
At 1 April 2024 - 18,686 18,686
Charge for the year - 4,643 4,643
At 31 March 2025 - 23,329 23,329
Net book value
At 31 March 2025 27,996 41,784 69,780
At 31 March 2024 27,996 45,325 73,321
5 Debtors 2025 2024
£ £
Trade debtors 5,044 4,435
Other debtors 100,742 105,532
105,786 109,967
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 19,620 19,400
Obligations under finance lease and hire purchase contracts 5,878 6,829
Trade creditors 2,270 2,365
Taxation and social security costs 39,664 30,245
Other creditors 8,639 9,394
76,071 68,233
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 263,019 281,965
Obligations under finance lease and hire purchase contracts 8,817 14,694
271,836 296,659
8 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 263,000 276,000
Secured bank loans 282,639 301,365
Bank loans from Unity Trust Bank PLC are secured by charges held over all property and undertakings of the company.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr Sheetal Kaur
Director's loan 45,331 14,185 31,146
45,331 - 14,185 31,146
10 Other information
PRD HEALTHCARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
394 Pinner Road
North Harrow
United Kingdom
HA2 6EF
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