REGISTERED NUMBER: 08491375 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 June 2024

for

Gain Healthcare Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms O Chapel-Nkomo

REGISTERED OFFICE:

Rear Office 5

London Road

Bicester

OX26 6BU

REGISTERED NUMBER:

08491375 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Tangible assets

4

62,841

83,496

CURRENT ASSETS

Stocks

12,273

5,797

Debtors

5

335,186

145,845

Cash at bank

20,133

47,147

367,592

198,789

CREDITORS

Amounts falling due within one year

6

366,468

237,801

NET CURRENT ASSETS/(LIABILITIES)

1,124

(39,012

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63,965

44,484

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

63,963

44,482

63,965

44,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 30 October 2025 and were signed by:

Ms O Chapel-Nkomo - Director

1.	STATUTORY INFORMATION

Gain Healthcare Ltd 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.

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.

Tangible fixed assets

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

Plant and machinery

-

15% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 12 (2023 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 29 June 2023

20,657

17,296

75,817

-

113,770

Additions

1,245

934

-

1,068

3,247

At 28 June 2024

21,902

18,230

75,817

1,068

117,017

DEPRECIATION

At 29 June 2023

7,072

5,919

17,283

-

30,274

Charge for year

2,806

4,245

16,815

36

23,902

At 28 June 2024

9,878

10,164

34,098

36

54,176

NET BOOK VALUE

At 28 June 2024

12,024

8,066

41,719

1,032

62,841

At 28 June 2023

13,585

11,377

58,534

-

83,496

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.6.24

28.6.23

£

£

Trade debtors

168,461

119,710

Other debtors

166,725

26,135

335,186

145,845

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.6.24

28.6.23

£

£

Bank loans and overdrafts

23,530

32,405

Trade creditors

45,895

12,939

Taxation and social security

155,651

170,944

Other creditors

141,392

21,513

366,468

237,801

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 June 2024 and 28 June 2023:

28.6.24

28.6.23

£

£

Ms O Chapel-Nkomo

Balance outstanding at start of year

-

-

Amounts advanced

124,654

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

124,654

-