Statutory Information
MPG HEALTHCARE LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 09821018, registration address 38 The Promenade, Wellingborough, Northamptonshire, NN8 5AL, England.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:| Property Improvements | 6.67% Straight Line | | Fixtures and Fittings | 25% Reducing Balance | | Computer Equipment | 33% Reducing Balance |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
|
| 2. |
Intangible fixed assets
| Cost or Valuation |
|
Goodwill |
|
Total |
| |
|
£ |
|
£ |
| At 01 April 2024 |
|
1,410,000 |
|
1,410,000 |
| Additions |
|
- |
|
- |
| At 31 March 2025 |
|
1,410,000 |
|
1,410,000 |
| Amortisation |
| At 01 April 2024 |
|
752,000 |
|
752,000 |
| Charge for year |
|
94,000 |
|
94,000 |
| At 31 March 2025 |
|
846,000 |
|
846,000 |
| Net book values |
| At 31 March 2025 |
|
564,000 |
|
564,000 |
| At 31 March 2024 |
|
658,000 |
|
658,000 |
|
| 3. |
Tangible fixed assets
| Cost or Valuation |
|
Property Improvements |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
|
44,730 |
|
27,886 |
|
16,835 |
|
89,451 |
| Additions |
|
- |
|
6,758 |
|
9,459 |
|
16,217 |
| At 31 March 2025 |
|
44,730 |
|
34,644 |
|
26,294 |
|
105,668 |
| Depreciation |
| At 01 April 2024 |
|
23,516 |
|
13,881 |
|
6,919 |
|
44,316 |
| Charge for year |
|
2,983 |
|
4,310 |
|
4,812 |
|
12,105 |
| At 31 March 2025 |
|
26,499 |
|
18,191 |
|
11,731 |
|
56,421 |
| Net book values |
| Closing balance as at 31 March 2025 |
|
18,231 |
|
16,453 |
|
14,563 |
|
49,247 |
| Opening balance as at 01 April 2024 |
|
21,214 |
|
14,005 |
|
9,916 |
|
45,135 |
|
| 4. |
Inventories
|
2025
£ |
|
2024
£ |
| Stocks |
87,714 |
|
95,328 |
|
87,714 |
|
95,328 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade debtors |
179,225 |
|
198,845 |
| Other debtors |
14,488 |
|
14,488 |
| Prepayments |
5,302 |
|
7,261 |
| Social security & other tax |
0 |
|
191 |
| VAT |
52,825 |
|
49,490 |
|
251,840 |
|
270,275 |
|
| 6. |
Financial assets
|
2025
£ |
|
2024
£ |
| Other investments |
646,837 |
|
646,837 |
|
646,837 |
|
646,837 |
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade creditors |
274,256 |
|
250,883 |
| Accrued expenses |
2,708 |
|
5,071 |
| Other creditors |
1,769 |
|
0 |
| Business credit card |
608 |
|
18,288 |
| Pension Payable |
875 |
|
1,318 |
| Bank loans & overdrafts |
92,000 |
|
92,000 |
| Corporation tax |
58,117 |
|
46,108 |
| Social security & other tax |
3,752 |
|
0 |
|
434,085 |
|
413,668 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Other Creditors - Patel & Moledina |
374,175 |
|
0 |
| Bank loans & overdrafts |
0 |
|
92,000 |
| Due to group companies >1yr |
484,061 |
|
928,105 |
|
858,236 |
|
1,020,105 |
|
| 9. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred tax |
5,675 |
|
4,545 |
|
5,675 |
|
4,545 |
|
| 10. |
Share Capital
Allotted
|
2025
£ |
|
2024
£ |
|
102
Ordinary shares of £1.00 each |
102 |
|
102 |
|
102 |
|
102 |
|
| 11. |
Average number of employees
Average number of employees during the year were 15 (2024: 16).
|
| 12. |
Secured Creditors
Santander UK PLC have a fixed charge over the leasehold property at 27 The Square, Earls Barton, Northants and 28 The Square, Earls Barton, Northants. Santander UK PLC also has a fixed charge and floating charge over all the property or undertaking of MPG Healthcare Ltd.
|
4
|