REGISTERED NUMBER: 07394844 (England and Wales)

Health Hut Professionals Ltd.

Unaudited Financial Statements

for the Year Ended 31st December 2024

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Directors:

S N H Shah

Mrs S P Shah

Secretary:

S N H Shah

Registered office:

4 Abbey Meadows

Morpeth

Northumberland

NE61 2BD

Registered number:

07394844 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

70,111

70,208

Investments

5

221,000

221,000

291,111

291,208

Current assets

Stocks

40,000

32,500

Debtors

6

177,217

206,781

Cash at bank and in hand

18,810

13,555

236,027

252,836

Creditors

Amounts falling due within one year

7

278,524

304,349

Net current liabilities

(42,497

)

(51,513

)

Total assets less current liabilities

248,614

239,695

Creditors

Amounts falling due after more than one year

8

(7,000

)

(73,846

)

Provisions for liabilities

(736

)

(1,077

)

Net assets

240,878

164,772

Capital and reserves

Called up share capital

16

16

Retained earnings

240,862

164,756

240,878

164,772

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of income and retained earnings has not been delivered.

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

Mrs S P Shah - Director

1.	Statutory information

Health Hut Professionals 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.

Preparation of consolidated financial statements

The financial statements contain information about Health Hut Professionals Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets

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

Home office

-

5% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

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

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans, inter company loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), inter company loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 12 (2023 - 12 ) .

4.	Tangible fixed assets

Fixtures

Home

Plant and

and

office

machinery

fittings

£

£

£

Cost

At 1st January 2024

60,000

16,291

79,723

Additions

-

-

-

At 31st December 2024

60,000

16,291

79,723

Depreciation

At 1st January 2024

6,750

12,594

75,465

Charge for year

3,000

740

852

At 31st December 2024

9,750

13,334

76,317

Net book value

At 31st December 2024

50,250

2,957

3,406

At 31st December 2023

53,250

3,697

4,258

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost

At 1st January 2024

19,365

6,283

181,662

Additions

7,041

-

7,041

At 31st December 2024

26,406

6,283

188,703

Depreciation

At 1st January 2024

13,238

3,407

111,454

Charge for year

1,972

574

7,138

At 31st December 2024

15,210

3,981

118,592

Net book value

At 31st December 2024

11,196

2,302

70,111

At 31st December 2023

6,127

2,876

70,208

5.	Fixed asset investments

Other

investments

£

Cost

At 1st January 2024

and 31st December 2024

221,000

Net book value

At 31st December 2024

221,000

At 31st December 2023

221,000

On 16th December 2020 Health Hut Professionals Ltd. acquired 100% of the share capital of Pharma Plus Medical Ltd.

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

112,234

155,788

Amounts owed by group undertakings

43,760

39,200

Other debtors

21,223

11,793

177,217

206,781

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

66,846

92,463

Trade creditors

75,749

138,886

Taxation and social security

25,726

2,966

Other creditors

110,203

70,034

278,524

304,349

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

7,000

73,846

9.	Related party disclosures

At 31st December 2024 a loan of £43,760 (2023 - £39,200) was outstanding payable to the company by Pharma Plus Medical Ltd, a subsidiary of Health Hut Professionals Ltd. This loan is unsecured, interest free and is repayable on demand.

10.	Post balance sheet events

Since the year end the director voluntarily closed the store of its subsidiary. At the date of signing these financial statements the subsidiary remains solvent and formal arrangements towards its future have not yet been concluded.