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
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
5 HEALTH NORTHWEST LTD
Statement of financial position
as at 30 November 2024
Intangible assets
175,016
210,291
Cash at bank and in hand
46,640
55,379
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)
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
5 HEALTH NORTHWEST LTD
Notes to the Accounts
for the year ended 30 November 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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 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 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.
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.
5 HEALTH NORTHWEST LTD
Notes to the Accounts
for the year ended 30 November 2024
4
Intangible fixed assets
Goodwill
At 1 December 2023
352,754
At 30 November 2024
352,754
At 1 December 2023
142,463
Charge for the year
35,275
At 30 November 2024
177,738
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.
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
27,706
11,188
Other debtors
14,206
24,087
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
-
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
231,535
231,535
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).