| KEYNSHAM HEALTHCARE 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 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 |
|
Goodwill |
|
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life. |
|
|
|
|
|
|
Other intangible assets |
|
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. |
|
|
|
|
|
The estimated useful lives range as follows: |
|
Goodwill - 10 years |
|
|
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: |
|
|
Fixtures, fittings, tools and equipment |
20% reducing balance |
|
|
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. |
|
|
Cash and cash equivalents |
|
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
|
|
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. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
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 |
25 |
|
15 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 February 2024 |
165,035 |
|
Additions |
1,114,669 |
|
At 31 January 2025 |
1,279,704 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 February 2024 |
5,501 |
|
Provided during the year |
82,357 |
|
At 31 January 2025 |
87,858 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
1,191,846 |
|
At 31 January 2024 |
159,534 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Fixture & fittings |
| £ |
|
Cost |
|
At 1 February 2024 |
37,689 |
|
Additions |
157,203 |
|
At 31 January 2025 |
194,892 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2024 |
27,994 |
|
Charge for the year |
22,863 |
|
At 31 January 2025 |
50,857 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
144,035 |
|
At 31 January 2024 |
9,695 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
416,054 |
|
247,906 |
|
Amounts owed from group undertakings |
|
112,787 |
|
174,911 |
|
VAT Repayable |
|
|
|
|
102,555 |
|
30,381 |
|
Other debtors |
68,101 |
|
264,757 |
|
|
|
|
|
|
699,497 |
|
717,955 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
10,355 |
|
10,355 |
|
Trade creditors |
1,050,776 |
|
395,625 |
|
Taxation and social security costs |
69,950 |
|
87,818 |
|
Net wages account |
- |
|
2,734 |
|
Pension payable |
1,485 |
|
835 |
|
Other creditors |
162,697 |
|
202,418 |
|
|
|
|
|
|
1,295,263 |
|
699,785 |
|
|
|
|
|
|
|
|
|
|
Bank loan of £10,355 (2024 - £10,355) is unsecured Bounce back loan. |
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
905,595 |
|
18,238 |
|
|
|
|
|
|
|
|
|
|
Bank loan of £9,876.53 (2024 - £18,238) is unsecured Bounce back loan. |
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
895,718 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
895,718 |
|
- |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured by a fixed and floating charge over the assets of the company. |
|
|
| 9 |
Pension commitments |
|
|
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,546 (2024 - £3,482). |
|
|
| 10 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
139,500 |
|
67,100 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Related party transactions |
|
During the year, the company paid dividends to the following directors: |
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
Mr Ramesh Yadav |
|
|
|
|
18,700 |
|
18,835 |
|
Mrs Rubina Shaha |
|
|
|
|
18,700 |
|
18,835 |
|
|
|
|
|
|
|
37,400 |
|
37,670 |
|
|
|
|
|
|
|
|
|
|
The balance of directors' loan account of Mr Ramesh Yadav was £13,301 (2024 - £68,915) and Mrs Rubina Shah was £13,301 (2024 - £68,915) as at 31 January 2025. |
|
|
|
The directors Mr Yadav and Mrs Shah had an interest in the company's transactions with Magna Healthcare Limited which was incorporated and trading in UK, by virtue of the directors also being directors in that company. |
|
|
|
At the balance sheet date, the company was owed |
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
Magna Healthcare Limited |
|
|
|
|
55,883 |
|
174,911 |
|
Daki Estates Limited |
|
|
|
|
56,904 |
|
- |
|
|
|
|
|
|
|
112,787 |
|
174,911 |
|
|
|
|
|
|
|
|
|
| 12 |
Controlling party |
|
|
The company is under the control of the directors Mr Ramesh Yadav (50% share) and Mrs Rubina Shah (50% share), by virtue of the fact that between them they own 100% of the issued share capital. |
|
|
| 13 |
Other information |
|
|
KEYNSHAM HEALTHCARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
4 South Parade |
|
Chew Magna |
|
Bristol |
|
England |
|
BS40 8SH |