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Registered number: 06223391
CHC Medical Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Richards Associates Limited
North Lodge Hawkesyard
Armitage Lane
Rugeley
Staffordshire
WS15 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06223391
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 809 730
809 730
CURRENT ASSETS
Stocks 5 900 900
Cash at bank and in hand 10,002 10,002
10,902 10,902
Creditors: Amounts Falling Due Within One Year 6 (12,565 ) (9,923 )
NET CURRENT ASSETS (LIABILITIES) (1,663 ) 979
TOTAL ASSETS LESS CURRENT LIABILITIES (854 ) 1,709
Creditors: Amounts Falling Due After More Than One Year 7 (741 ) (1,550 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (154 ) (139 )
NET (LIABILITIES)/ASSETS (1,749 ) 20
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (1,849 ) (80 )
SHAREHOLDERS' FUNDS (1,749) 20
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms V Blackburn
Director
6 October 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CHC Medical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06223391 . The registered office is Unit 1 08 Cannock Chase Enterprise Centre, Hednesford, Cannock, WS12 0QU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are changed to profit or loss on a straight line basis over the period of the lease.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Going concern
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 11,269 746 12,015
Additions - 310 310
As at 31 March 2025 11,269 1,056 12,325
...CONTINUED
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Depreciation
As at 1 April 2024 11,005 280 11,285
Provided during the period 64 167 231
As at 31 March 2025 11,069 447 11,516
Net Book Value
As at 31 March 2025 200 609 809
As at 1 April 2024 264 466 730
5. Stocks
2025 2024
£ £
Stock 900 900
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 77 159
Bank loans and overdrafts 8,957 4,998
Other taxes and social security 435 245
Director's loan account 3,096 4,521
12,565 9,923
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 741 1,550
8. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans 809 809
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans 741 1,550
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9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 139 139
Additions 15 15
Balance at 31 March 2025 154 154
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
11. Controlling Parties
The company's ultimate controlling party is Ms V Blackburn by virtue of their interest in the share capital of the company.
12. Going concern
Total liabilities exceed total assets, however, the company is able to meet its liabilities as they fall due.
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