Health Corner Limited - Filleted accounts

Registered number

13801927

Health Corner Limited

Filleted Accounts

31 December 2024

Health Corner Limited
Registered number:		13801927
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		537,806			568,685
Tangible assets	4		45,295			13,157
Investments	5		1,941,128			1,432,128
			2,524,229			2,013,970

Current assets
Stocks		183,161			164,575
Debtors	6	788,449			664,752
Cash at bank and in hand		339,729			724,471
		1,311,339			1,553,798

Creditors: amounts falling due within one year	7	(3,515,884)			(3,408,415)

Net current liabilities			(2,204,545)			(1,854,617)

Total assets less current liabilities			319,684			159,353

Provisions for liabilities			(11,324)			(3,300)

Net assets			308,360			156,053

Capital and reserves
Called up share capital			1			1
Profit and loss account			308,359			156,052

Shareholders' funds			308,360			156,053

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 members have 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.




Mr A Patel
Director
Approved by the board on 1 September 2025

Health Corner 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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, other than freehold land, 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	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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		10		10


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 January 2024				617,577
	At 31 December 2024				617,577

	Amortisation
	At 1 January 2024				48,892
	Provided during the year				30,879
	At 31 December 2024				79,771

	Net book value
	At 31 December 2024				537,806
	At 31 December 2023				568,685

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				17,644
	Additions				46,633
	At 31 December 2024				64,277

	Depreciation
	At 1 January 2024				4,487
	Charge for the year				14,495
	At 31 December 2024				18,982

	Net book value
	At 31 December 2024				45,295
	At 31 December 2023				13,157


5	Investments

Other
investments
£
	Cost
	At 1 January 2024				1,432,128
	Additions				509,000

	At 31 December 2024				1,941,128


6	Debtors		2024		2023
£				£

	Trade debtors		479,585		386,316
	Other debtors		308,864		278,436
			788,449		664,752


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

	Bank loans and overdrafts		989,091		-
	Trade creditors		723,042		604,604
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		1,387,306		1,801,681
	Taxation and social security costs		70,371		71,764
	Other creditors		346,074		930,366
			3,515,884		3,408,415


8	Other information

	Health Corner Limited is a private company limited by shares and incorporated in England. Its registered office is:
	247 Billing Road
	Northampton
	NN1 5RX