Registered number
07133229
Ivybank Health Care Limited
Unaudited Filleted Accounts
31 January 2025
Ivybank Health Care Limited
Registered number: 07133229
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,221,540 1,214,092
Current assets
Debtors 4 65,578 63,607
Cash at bank and in hand 21,461 41,379
87,039 104,986
Creditors: amounts falling due within one year 5 (196,761) (204,252)
Net current liabilities (109,722) (99,266)
Total assets less current liabilities 1,111,818 1,114,826
Creditors: amounts falling due after more than one year 6 (792,070) (811,695)
Net assets 319,748 303,131
Capital and reserves
Called up share capital 100 100
Profit and loss account 319,648 303,031
Shareholders' funds 319,748 303,131
The director is 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 director acknowledges his 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.
Vinay Thakkar
Director
Approved by the board on 27 October 2025
Ivybank Health Care Limited
Notes to the Accounts
for the year ended 31 January 2025
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.
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:
Freehold buildings over 50 years
Fixtures, fittings & equipment 20% 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, 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 2025 2024
Number Number
Average number of persons employed by the company 29 28
3 Tangible fixed assets
Land and buildings Fixtures, fittings & equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 1,297,862 291,102 72,340 1,661,304
Additions 15,512 37,713 - 53,225
At 31 January 2025 1,313,374 328,815 72,340 1,714,529
Depreciation
At 1 February 2024 227,717 214,672 4,823 447,212
Charge for the year 18,387 16,539 10,851 45,777
At 31 January 2025 246,104 231,211 15,674 492,989
Net book value
At 31 January 2025 1,067,270 97,604 56,666 1,221,540
At 31 January 2024 1,070,145 76,430 67,517 1,214,092
4 Debtors 2025 2024
£ £
Trade debtors 65,578 63,607
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 98,459 101,854
Obligations under finance lease and hire purchase contracts 7,538 7,538
Trade creditors 13,335 1,935
Taxation and social security costs 24,044 90,189
Other creditors 53,385 2,736
196,761 204,252
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 746,063 759,406
Obligations under finance lease and hire purchase contracts 46,007 52,289
792,070 811,695
7 Controlling party
The controlling party is V Thakker, the company director.
8 Other information
Ivybank Health Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wellington Road
Temple Ewell
Dover
Kent
CT16 3BD
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