FIRST PRACTICE HEALTHCARE LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07239544

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,822		12,077

			8,822		12,077
CURRENT ASSETS
Debtors	5	338,451		244,560
Cash at bank and in hand		6,125		31,649

		344,576		276,209
Creditors: Amounts Falling Due Within One Year	6	(151,671 )		(115,137 )

NET CURRENT ASSETS (LIABILITIES)			192,905		161,072

TOTAL ASSETS LESS CURRENT LIABILITIES			201,727		173,149

Creditors: Amounts Falling Due After More Than One Year	7		(53,288 )		(30,533 )

NET ASSETS			148,439		142,616

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			148,438		142,615

SHAREHOLDERS' FUNDS			148,439		142,616

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FIRST PRACTICE HEALTHCARE LTD

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 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

Mrs Modupe Oni

Director

08/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

FIRST PRACTICE HEALTHCARE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07239544 . The registered office is St Georges Hub, Great Hampton Row, Birmingham, West Midlands, B19 3JG.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.4. 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	Straight line
Motor Vehicles	Straight line
Fixtures & Fittings	Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. 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.

2.7. 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.

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FIRST PRACTICE HEALTHCARE LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.8. Guarantees and financial commitments

At the balance sheet date, the company had financial commitments in respect of a mortgage with a financial institution and loan notes outstanding.

The mortgage is secured on the company’s property. There were no other material guarantees or financial commitments outstanding at the year end.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 40 (2024: 40)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 June 2024	20,010	5,000	1,661	26,671
Additions	-	-	1,022	1,022

As at 31 May 2025	20,010	5,000	2,683	27,693

Depreciation
As at 1 June 2024	8,004	5,000	1,590	14,594
Provided during the period	4,002	-	275	4,277

As at 31 May 2025	12,006	5,000	1,865	18,871

Net Book Value
As at 31 May 2025	8,004	-	818	8,822

As at 1 June 2024	12,006	-	71	12,077

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	338,451	244,560

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	3,822	-
Corporation tax	6,202	12,653
Other taxes and social security	48,604	9,806
Other creditors	89,252	90,717
Accruals and deferred income	1,073	460
Director's loan account	2,718	1,501

	151,671	115,137

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FIRST PRACTICE HEALTHCARE LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,399	9,732
Bank loans	46,889	20,801

	53,288	30,533

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	6,399	9,732

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

The company entered into transactions with directors, who are considered to be related parties.

Transactions during the year comprised advances to and from directors. Any balances outstanding at the year end are unsecured, interest free and have no fixed repayment terms.

As at the year end the company owes £2,717.94(2024 - £1,501.11) to directors as a result of director loan to company.

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