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Registration number: 05749011

Health Tec Medical Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Health Tec Medical Limited

(Registration number: 05749011)

Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

3

-

-

Tangible assets

4

8,801

13,650

 

8,801

13,650

Current assets

 

Stocks

62,517

51,725

Debtors

5

283,559

357,565

Cash at bank and in hand

 

103,284

34,382

 

449,360

443,672

Creditors: Amounts falling due within one year

6

(286,322)

(281,863)

Net current assets

 

163,038

161,809

Total assets less current liabilities

 

171,839

175,459

Provisions for liabilities

(2,200)

(3,100)

Net assets

 

169,639

172,359

Capital and reserves

 

Called up share capital

67

67

Capital redemption reserve

33

33

Retained earnings

169,539

172,259

Shareholders' funds

 

169,639

172,359

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

 

Health Tec Medical Limited

(Registration number: 05749011)

Balance Sheet as at 31 March 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 21 July 2025 and signed on its behalf by:
 

.........................................

G Pearson

Director

.........................................

J Abdulla

Director

 

Health Tec Medical Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1

Accounting policies

Statutory information

Health Tec Medical Limited is a private company, limited by shares, domiciled in England and Wales, company number 05749011. The registered office is at Unit 11, Heather Lane, Hathersage, S32 1DP.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Health Tec Medical Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

1

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

Stocks

Stocks are valued at the lower of cost and net realiseable value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

 

Health Tec Medical Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

3

Intangible assets

Goodwill
 £

Cost

At 1 April 2024 and at 31 March 2025

8,250

Amortisation

At 1 April 2024 and at 31 March 2025

8,250

Carrying amount

At 31 March 2024 and at 31 March 2025

-

4

Tangible assets

Fixtures and fittings
£

Cost

At 1 April 2024

26,585

At 31 March 2025

26,585

Depreciation

At 1 April 2024

12,935

Charge for the year

4,849

At 31 March 2025

17,784

Carrying amount

At 31 March 2025

8,801

At 31 March 2024

13,650

5

Debtors

2025
£

2024
£

Trade debtors

283,500

357,393

Trade finance

59

172

283,559

357,565

Trade finance relates to amounts owed from Close Brothers Limited CID.

 

Health Tec Medical Limited

Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)

6

Creditors

2025
£

2024
£

Due within one year

Trade creditors

181,440

193,393

Taxation and social security

68,178

53,045

Accruals and deferred income

11,299

11,405

Other creditors

25,405

24,020

286,322

281,863

7

Financial commitments, guarantees and contingencies

As at the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining term of those leases of £133,396 (2024 - £164,536).