REGISTERED NUMBER: 01991231 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

PAN HEALTHCARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Panesar

R Panesar

SECRETARY:

R Panesar

REGISTERED OFFICE:

299 Church Road

Sheldon

Birmingham

B26 3YH

REGISTERED NUMBER:

01991231 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

Corner Oak

1 Homer Road

Solihull

B91 3QG

FIXED ASSETS

Intangible assets

4

1,423,302

1,505,222

Tangible assets

5

529,964

558,108

1,953,266

2,063,330

CURRENT ASSETS

Stocks

270,923

325,194

Debtors

6

1,642,036

1,821,136

Cash at bank and in hand

155,408

251,367

2,068,367

2,397,697

CREDITORS

Amounts falling due within one year

7

885,566

941,883

NET CURRENT ASSETS

1,182,801

1,455,814

TOTAL ASSETS LESS CURRENT LIABILITIES

3,136,067

3,519,144

CREDITORS

Amounts falling due after more than one year

8

(660,355

)

(672,548

)

PROVISIONS FOR LIABILITIES

-

(25,226

)

NET ASSETS

2,475,712

2,821,370

CAPITAL AND RESERVES

Called up share capital

52,078

52,078

Retained earnings

2,423,634

2,769,292

2,475,712

2,821,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

S Panesar - Director

1.	STATUTORY INFORMATION

Pan Healthcare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2002, 2017 and 2023, is being amortised evenly over its estimated useful life of 20 years

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

1% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2023 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

2,544,674

AMORTISATION

At 1 November 2023

1,039,452

Amortisation for year

81,920

At 31 October 2024

1,121,372

NET BOOK VALUE

At 31 October 2024

1,423,302

At 31 October 2023

1,505,222

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

433,912

682,824

9,504

60,099

1,186,339

Additions

-

1,920

18,831

2,369

23,120

At 31 October 2024

433,912

684,744

28,335

62,468

1,209,459

DEPRECIATION

At 1 November 2023

71,412

523,504

8,790

24,525

628,231

Charge for year

4,339

24,090

3,317

19,518

51,264

At 31 October 2024

75,751

547,594

12,107

44,043

679,495

NET BOOK VALUE

At 31 October 2024

358,161

137,150

16,228

18,425

529,964

At 31 October 2023

362,500

159,320

714

35,574

558,108

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

529,890

507,437

Other debtors

1,112,146

1,313,699

1,642,036

1,821,136

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

28,800

28,800

Hire purchase contracts

4,299

-

Trade creditors

608,337

706,795

Taxation and social security

12,624

21,438

Other creditors

231,506

184,850

885,566

941,883

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

645,065

672,548

Hire purchase contracts

15,290

-

660,355

672,548

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

529,865

557,348