Registered number
11585897
Ina Health Limited
Filleted Accounts
31 December 2024
Ina Health Limited
Company Information
Directors
Mrs B Patel
Miss A Patel
Mr D Patel
Registered office
193-195 Green Lanes
Palmers Green
London
N13 4UH
Registered number
11585897
Ina Health Limited
Registered number: 11585897
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 1 4,368
Tangible assets 5 127,326 151,902
127,327 156,270
Current assets
Stocks 1,250 1,500
Debtors 6 61,936 64,845
Cash at bank and in hand 6,610 6,515
69,796 72,860
Creditors: amounts falling due within one year 7 (47,470) (55,434)
Net current assets 22,326 17,426
Total assets less current liabilities 149,653 173,696
Creditors: amounts falling due after more than one year 8 (516,420) (494,807)
Provisions for liabilities 9 (3,988) (5,308)
Net liabilities (370,755) (326,419)
Capital and reserves
Called up share capital 100 100
Profit and loss account (370,855) (326,519)
Shareholder's funds (370,755) (326,419)
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 member has 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.
Mrs B Patel
Director
Approved by the board on 7 August 2025
Ina Health Limited
Notes to the Accounts
for the year ended 31 December 2024
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).
Going concern
There was a net deficiency of £370,755 at the balance sheet date, however the directors have confirmed continued support for the foreseeable future.
The directors having considered the above and after making due enquiries continue to adopt the going concern basis in preparing these accounts which assumes that the company will continue in operation for the foreseeable future.
Turnover
The turnover represents the total amount receivable by the company for services and facilities provided.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Website costs are being amortised evenly over their estimated useful life of five years.
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 at rates calculated to write off the cost of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings Straight line over the lease period.
Plant and machinery 20% on reducing balance.
Fixtures, fittings and equipment 20% on reducing balance.
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). Bank loans and other financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest. Financial liabilities classified as payable within one year are not amortised.
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 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Operating loss
The operating loss is stated after charging:
2024 2023
£ £
Depreciation -owned assets 24,576 29,391
Website costs amortised 4,367 4,505
4 Intangible fixed assets £
Cost
At 1 January 2024 22,524
At 31 December 2024 22,524
Amortisation
At 1 January 2024 18,156
Provided during the year 4,367
At 31 December 2024 22,523
Net book value
At 31 December 2024 1
At 31 December 2023 4,368
Website costs are written off in equal annual instalments over its estimated economic life of 5 years.
5 Tangible fixed assets
Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 1 January 2024 80,791 26,514 184,475 291,780
At 31 December 2024 80,791 26,514 184,475 291,780
Depreciation
At 1 January 2024 24,676 16,559 98,643 139,878
Charge for the year 5,419 1,991 17,166 24,576
At 31 December 2024 30,095 18,550 115,809 164,454
Net book value
At 31 December 2024 50,696 7,964 68,666 127,326
At 31 December 2023 56,115 9,955 85,832 151,902
6 Debtors 2024 2023
£ £
Trade debtors 9,600 22,307
Other debtors 52,336 42,538
61,936 64,845
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,262 5,285
Obligations under finance lease and hire purchase contracts 12,137 21,996
Trade creditors 1,536 1,511
Taxation and social security costs 2,000 780
Other creditors 26,535 25,862
47,470 55,434
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 27,870 34,120
Obligations under finance lease and hire purchase contracts 18,550 30,687
Other creditors 470,000 430,000
516,420 494,807
Bank loan 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 5,458 11,609
Bounce bank loan is backed by the British Business Bank on behalf of and with the backing of the Secretary of State for Business, Energy and Industrial Strategy.
Hire purchase contracts included under creditors are secured on the assets concerned.
9 Provisions for liabilities
2024 2023
£ £
Deferred tax 3,988 5,308
Balance at 1st January 2024 5,308
Provided during the year (1,320)
3,988
10 Other financial commitments 2024 2023
£ £
Total future minimum payments, subject to rent reviews, under non-cancellable operating leases 392,844 434,844
11 Directors' advances, credits and guarantees
Mrs B Patel is a guarantor in respect of the company's leasehold premises and hire purchase contracts.
The amount due to Mrs B Patel, shown under creditors repayable after 12 months, amounting to £470,000 is interest free and repayable at the discretion of the company ( 2023- £430,000).
12 Ultimate controlling party
The controlling party is Mrs B Patel.
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