Company Registration No. 15198720 (England and Wales)
Mossley Healthcare Limited
Unaudited accounts
for the period from 9 October 2023 to 31 October 2024
Mossley Healthcare Limited
Unaudited accounts
Contents
Mossley Healthcare Limited
Company Information
for the period from 9 October 2023 to 31 October 2024
Company Number
15198720 (England and Wales)
Registered Office
17 Titchfield Road
Oldham
Lancashire
OL8 2DW
England
Accountants
Shipleys Tax - Chartered Accountants
32 Park Cross Street
Leeds
West Yorkshire
LS1 2QH
Mossley Healthcare Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
118,353
Creditors: amounts falling due within one year
(717,981)
Net current liabilities
(362,859)
Total assets less current liabilities
56,779
Creditors: amounts falling due after more than one year
(1,000)
Provisions for liabilities
Called up share capital
100
Profit and loss account
14,466
Shareholders' funds
14,566
For the period ending 31 October 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 24 July 2024 and were signed on its behalf by
Ahzar Ali Ahmed
Director
Company Registration No. 15198720
Mossley Healthcare Limited
Notes to the Accounts
for the period from 9 October 2023 to 31 October 2024
Mossley Healthcare Limited is a private company, limited by shares, registered in England and Wales, registration number 15198720. The registered office is 17 Titchfield Road, Oldham, Lancashire, OL8 2DW, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and 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.
The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue operating for the foreseeable future, considering relevant factors such as current and expected financial performance, cash flow forecasts, and access to funding. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
25% reducing balance method
Fixtures & fittings
15 Years straight line method
Computer equipment
25% reducing balance method
Goodwill represents the excess of the cost of acquisition over the fair value of the identifiable net assets of the business acquired. In accordance with FRS 102, goodwill is recognised as an intangible asset and is amortised on a straight-line basis over its estimated useful life.
The directors have assessed the useful economic life of goodwill to be 10 years, reflecting the expected duration of the benefits arising from the acquisition.
Mossley Healthcare Limited
Notes to the Accounts
for the period from 9 October 2023 to 31 October 2024
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.
Current and Deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
-The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
-Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Judgements in applying accounting policies and key sources of estimation uncertainty
In preparing these financial statements, the directors have had to make the following judgements:
Determining that the stock valuation should include goods in transit as the Company becomes liable for the goods when the orders are placed, not when the goods are received.
Determine whether leases entered into by the Company either as a lessor or a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
Determine whether there are indicators of impairment of the Company's tangible and intangible assets.
Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Mossley Healthcare Limited
Notes to the Accounts
for the period from 9 October 2023 to 31 October 2024
4
Intangible fixed assets
Goodwill
At 31 October 2024
400,000
Charge for the period
22,137
At 31 October 2024
377,863
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
176
40,500
3,013
43,689
At 31 October 2024
176
40,500
3,013
43,689
Charge for the period
32
1,576
306
1,914
At 31 October 2024
32
1,576
306
1,914
At 31 October 2024
144
38,924
2,707
41,775
Amounts falling due within one year
Accrued income and prepayments
81,895
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
Taxes and social security
12,555
Loans from directors
499,551
Mossley Healthcare Limited
Notes to the Accounts
for the period from 9 October 2023 to 31 October 2024
8
Creditors: amounts falling due after more than one year
2024
9
Provisions for liabilities
£
Additional provisions made during the period
40,500
The company recognises a provision for dilapidations where it has a present legal or constructive obligation under the terms of a lease to restore leased property to its original condition. The provision is recognised when it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made.
Management has exercised judgement in estimating the cost of reinstatement works required at the end of the lease term. This includes assumptions about the extent of work, inflationary impact, and discounting where the time value of money is material
The provision is based on third-party estimates obtained from qualified surveyors and reflects the best estimate of the cost to restore the property at the end of the lease
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
11
Average number of employees
During the period the average number of employees was 6.