COLAB HEALTH LIMITED - Filleted accounts

Registered number

06416478

COLAB HEALTH LIMITED

Unaudited Accounts

31 December 2024

COLAB HEALTH LIMITED
Registered number:		06416478
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		102,943			20,683

Current assets
Debtors	4	861,892			294,997
Cash at bank and in hand		209,512			161,166
		1,071,404			456,163

Creditors: amounts falling due within one year	5	(850,958)			(290,222)

Net current assets			220,446			165,941

Total assets less current liabilities			323,389			186,624

Creditors: amounts falling due after more than one year	6		(66,701)			-

Provisions for liabilities			(12,425)			-


Net assets			244,263			186,624

Capital and reserves
Called up share capital			10			10
Profit and loss account			244,253			186,614

Shareholder's funds			244,263			186,624

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.




Adam Smith
Director
Approved by the board on 26 September 2025

COLAB 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).

	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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20% reducing balance
	Buildings			10% reducing balance
	Motor vehicles			20% 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). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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, Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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					15		8


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	4,000		26,637		-		30,637
	Additions	-		16,546		90,999		107,545
	At 31 December 2024	4,000		43,183		90,999		138,182

	Depreciation
	At 1 January 2024	400		9,554		-		9,954
	Charge for the year	360		6,725		18,200		25,285
	At 31 December 2024	760		16,279		18,200		35,239

	Net book value
	At 31 December 2024	3,240		26,904		72,799		102,943
	At 31 December 2023	3,600		17,083		-		20,683


4	Debtors					2024		2023
£							£

	Trade debtors					708,965		135,681
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					16,602		120,876
	Other debtors					136,325		38,440
						861,892		294,997


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Obligations under finance lease and hire purchase contracts					12,298		-
	Trade creditors					53,111		19,194
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					27,881		-
	Taxation and social security costs					71,425		74,443
	Other creditors incl. deferred income					686,243		196,585
						850,958		290,222

	Hire purchase obligations are secured on the asset concerned

6	Creditors: amounts falling due after one year					2024		2023
£							£

	Obligations under finance lease and hire purchase contracts					66,701		-

	Hire purchase obligations are secured on the asset concerned

7	Other financial commitments					2024		2023
£							£

	Total future minimum payments under non-cancellable operating leases					2,750		-


8	Other information

	COLAB HEALTH LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	First Floor Office
	78-80 Portsmouth Road
	Surbiton
	Surrey
	KT6 5PT