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Company Registration No. 11653832 (England and Wales)
5 HEALTH NORTHWEST LTD Unaudited accounts for the year ended 30 November 2024
5 HEALTH NORTHWEST LTD Unaudited accounts Contents
Page
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5 HEALTH NORTHWEST LTD Company Information for the year ended 30 November 2024
Director
Syed Ali Razza NAQVI
Company Number
11653832 (England and Wales)
Registered Office
SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENTR 300 PRINCESS ROAD MANCHESTER M14 7HR ENGLAND
Accountants
CLEARCUT ACCOUNTING LIMITED SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENT 300 PRINCESS ROAD MANCHESTER M14 7HR
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5 HEALTH NORTHWEST LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
175,016 
210,291 
Tangible assets
710 
- 
175,726 
210,291 
Current assets
Inventories
7,613 
4,000 
Debtors
58,505 
35,275 
Cash at bank and in hand
46,640 
55,379 
112,758 
94,654 
Creditors: amounts falling due within one year
(287,052)
(248,852)
Net current liabilities
(174,294)
(154,198)
Total assets less current liabilities
1,432 
56,093 
Creditors: amounts falling due after more than one year
(231,535)
(230,638)
Net liabilities
(230,103)
(174,545)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(230,203)
(174,645)
Shareholders' funds
(230,103)
(174,545)
For the year ending 30 November 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2025 and were signed on its behalf by
Syed Ali Razza NAQVI Director Company Registration No. 11653832
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5 HEALTH NORTHWEST LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
5 HEALTH NORTHWEST LTD is a private company, limited by shares, registered in England and Wales, registration number 11653832. The registered office is SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENTR, 300 PRINCESS ROAD, MANCHESTER, M14 7HR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At the time of approving the financial statements, the director have reasonable expectation that the company will continue its operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and are subject to annual impairment testing.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line Method over 3 Years
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents the amounts receivable for dispensing services and sales provided by the pharmacy during the year. Income from dispensing is recognised on an accruals basis in line with contractual terms. Private prescription income and retail sales are recognised at the point of sale when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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5 HEALTH NORTHWEST LTD Notes to the Accounts for the year ended 30 November 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2023
352,754 
At 30 November 2024
352,754 
Amortisation
At 1 December 2023
142,463 
Charge for the year
35,275 
At 30 November 2024
177,738 
Net book value
At 30 November 2024
175,016 
At 30 November 2023
210,291 
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2023
- 
Additions
1,065 
At 30 November 2024
1,065 
Depreciation
Charge for the year
355 
At 30 November 2024
355 
Net book value
At 30 November 2024
710 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
16,593 
- 
Trade debtors
27,706 
11,188 
Other debtors
14,206 
24,087 
58,505 
35,275 
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5 HEALTH NORTHWEST LTD Notes to the Accounts for the year ended 30 November 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,752 
22,945 
Trade creditors
53,106 
24,745 
Taxes and social security
8,923 
(5,439)
Other creditors
195,714 
206,601 
Loans from directors
6,957 
- 
Accruals
9,600 
- 
287,052 
248,852 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
231,535 
231,535 
Other creditors
- 
(897)
231,535 
230,638 
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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