Acorah Software Products - Accounts Production 16.4.675 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 07507425 Mr James Sunderland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07507425 2024-01-31 07507425 2025-01-31 07507425 2024-02-01 2025-01-31 07507425 frs-core:CurrentFinancialInstruments 2025-01-31 07507425 frs-core:Non-currentFinancialInstruments 2025-01-31 07507425 frs-core:BetweenOneFiveYears 2025-01-31 07507425 frs-core:FurnitureFittings 2025-01-31 07507425 frs-core:FurnitureFittings 2024-02-01 2025-01-31 07507425 frs-core:FurnitureFittings 2024-01-31 07507425 frs-core:MotorVehicles 2025-01-31 07507425 frs-core:MotorVehicles 2024-02-01 2025-01-31 07507425 frs-core:MotorVehicles 2024-01-31 07507425 frs-core:PlantMachinery 2025-01-31 07507425 frs-core:PlantMachinery 2024-02-01 2025-01-31 07507425 frs-core:PlantMachinery 2024-01-31 07507425 frs-core:WithinOneYear 2025-01-31 07507425 frs-core:ShareCapital 2025-01-31 07507425 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07507425 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07507425 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 07507425 frs-bus:SmallEntities 2024-02-01 2025-01-31 07507425 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07507425 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07507425 frs-bus:Director1 2024-02-01 2025-01-31 07507425 frs-countries:EnglandWales 2024-02-01 2025-01-31 07507425 2023-01-31 07507425 2024-01-31 07507425 2023-02-01 2024-01-31 07507425 frs-core:CurrentFinancialInstruments 2024-01-31 07507425 frs-core:Non-currentFinancialInstruments 2024-01-31 07507425 frs-core:BetweenOneFiveYears 2024-01-31 07507425 frs-core:WithinOneYear 2024-01-31 07507425 frs-core:ShareCapital 2024-01-31 07507425 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 07507425
Healthcare Distribution Direct Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 07507425
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 628,393 538,551
628,393 538,551
CURRENT ASSETS
Debtors 5 551,821 488,710
Cash at bank and in hand 83,353 295,066
635,174 783,776
Creditors: Amounts Falling Due Within One Year 6 (821,058 ) (769,239 )
NET CURRENT ASSETS (LIABILITIES) (185,884 ) 14,537
TOTAL ASSETS LESS CURRENT LIABILITIES 442,509 553,088
Creditors: Amounts Falling Due After More Than One Year 7 (310,534 ) (400,544 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (49,222 ) (52,469 )
NET ASSETS 82,753 100,075
CAPITAL AND RESERVES
Called up share capital 10 156 156
Income Statement 82,597 99,919
SHAREHOLDERS' FUNDS 82,753 100,075
Page 1
Page 2
For the year ending 31 January 2025 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 Income Statement.
On behalf of the board
Mr James Sunderland
Director
4 August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Healthcare Distribution Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07507425 . The registered office is Bruntcliffe Trading Estate, Howden Clough Road, Leeds, LS27 0TF.
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. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
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 Straight line over 5 years
Motor Vehicles Straight line over 5 years
Fixtures & Fittings 15% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 41 (2024: 44)
41 44
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2024 49,981 1,001,532 135,536 1,187,049
Additions 2,379 310,692 4,310 317,381
Disposals (4,966 ) (173,750 ) - (178,716 )
As at 31 January 2025 47,394 1,138,474 139,846 1,325,714
Depreciation
As at 1 February 2024 25,809 586,560 36,129 648,498
Provided during the period 9,986 188,207 27,898 226,091
Disposals (4,966 ) (172,302 ) - (177,268 )
As at 31 January 2025 30,829 602,465 64,027 697,321
Net Book Value
As at 31 January 2025 16,565 536,009 75,819 628,393
As at 1 February 2024 24,172 414,972 99,407 538,551
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 434,188 394,403
Other debtors 117,633 94,307
551,821 488,710
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 177,943 103,812
Trade creditors 73,968 189,396
Bank loans and overdrafts 81,062 75,640
Other creditors 349,488 294,583
Taxation and social security 138,597 105,808
821,058 769,239
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 302,534 283,704
Bank loans 8,000 116,840
310,534 400,544
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Page 5
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 480,477 387,516
Other Creditors 262,775 268,188
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 177,943 103,812
Later than one year and not later than five years 302,534 283,704
480,477 387,516
480,477 387,516
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 156 156
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as follows:
2025 2024
£ £
Not later than one year 230,000 32,906
Later than one year and not later than five years 575,000 -
805,000 32,906
Page 5