Statutory Information
KRG HEALTHCARE LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 07122271, registration address Parkgate, 38 The Promenade, Wellingborough, Northamptonshire, NN8 5AL.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
Intangible assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:| Leasehold Property | 10% Straight Line | | Fixtures and Fittings | 25% Reducing Balance | | Motor Vehicles | 25% Reducing Balance | | Equipment | 33% Reducing Balance |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
|
| 2. |
Intangible fixed assets
| Cost or Valuation |
|
Computer software |
|
Total |
| |
|
£ |
|
£ |
| At 01 January 2024 |
|
2,499 |
|
2,499 |
| Additions |
|
- |
|
- |
| At 31 December 2024 |
|
2,499 |
|
2,499 |
| Amortisation |
| At 01 January 2024 |
|
1,561 |
|
1,561 |
| Charge for year |
|
624 |
|
624 |
| At 31 December 2024 |
|
2,185 |
|
2,185 |
| Net book values |
| At 31 December 2024 |
|
314 |
|
314 |
| At 31 December 2023 |
|
938 |
|
938 |
|
| 3. |
Tangible fixed assets
| Cost or Valuation |
|
Leasehold Property |
|
Fixtures and Fittings |
|
Motor Vehicles |
|
Equipment |
|
Total |
| |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2024 |
|
69,479 |
|
39,465 |
|
45,330 |
|
1,048 |
|
155,322 |
| Additions |
|
- |
|
672 |
|
79,171 |
|
1,998 |
|
81,841 |
| At 31 December 2024 |
|
69,479 |
|
40,137 |
|
124,501 |
|
3,046 |
|
237,163 |
| Depreciation |
| At 01 January 2024 |
|
44,060 |
|
28,484 |
|
3,778 |
|
231 |
|
76,553 |
| Charge for year |
|
6,948 |
|
2,843 |
|
10,388 |
|
868 |
|
21,047 |
| At 31 December 2024 |
|
51,008 |
|
31,327 |
|
14,166 |
|
1,099 |
|
97,600 |
| Net book values |
| Closing balance as at 31 December 2024 |
|
18,471 |
|
8,810 |
|
110,335 |
|
1,947 |
|
139,563 |
| Opening balance as at 01 January 2024 |
|
25,419 |
|
10,981 |
|
41,552 |
|
817 |
|
78,769 |
|
| 4. |
Inventories
|
2024
£ |
|
2023
£ |
| Stocks |
101,190 |
|
71,717 |
|
101,190 |
|
71,717 |
|
| 5. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| Trade debtors |
258,401 |
|
205,899 |
| Intercompany Loan |
455,518 |
|
480,145 |
| Prepayments |
23,063 |
|
23,025 |
| VAT |
71,980 |
|
66,260 |
|
808,962 |
|
775,329 |
|
| 6. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Trade creditors |
358,585 |
|
356,754 |
| Accrued expenses |
5,409 |
|
7,294 |
| Business credit card |
60,780 |
|
15,002 |
| Pension Payable |
3,305 |
|
2,961 |
| Directors' current account |
23 |
|
0 |
| Corporation tax |
81,080 |
|
82,062 |
| Social security & other tax |
4,346 |
|
0 |
|
513,528 |
|
464,073 |
|
| 7. |
Provisions for liabilities
|
2024
£ |
|
2023
£ |
| Deferred tax |
22,913 |
|
10,137 |
|
22,913 |
|
10,137 |
|
| 8. |
Share Capital
Allotted
|
2024
£ |
|
2023
£ |
|
2
Ordinary shares of £1.00 each |
2 |
|
2 |
|
2 |
|
2 |
|
| 9. |
Average number of employees
Average number of employees during the year were 14 (2023: 14).
|
4
|