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Registered number: 01501798
Athrodax Healthcare International Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Alliance Accountants Ltd
19 Gloucester Road
Ross on Wye
Herefordshire
HR9 5LQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01501798
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,220 23,549
Investment Properties 5 171,519 171,519
181,739 195,068
CURRENT ASSETS
Stocks 6 323,366 382,548
Debtors 7 352,742 216,201
Cash at bank and in hand 206,951 361,840
883,059 960,589
Creditors: Amounts Falling Due Within One Year 8 (120,014 ) (141,447 )
NET CURRENT ASSETS (LIABILITIES) 763,045 819,142
TOTAL ASSETS LESS CURRENT LIABILITIES 944,784 1,014,210
NET ASSETS 944,784 1,014,210
CAPITAL AND RESERVES
Called up share capital 9 31,500 31,500
Profit and Loss Account 913,284 982,710
SHAREHOLDERS' FUNDS 944,784 1,014,210
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Page 2
For the year ending 28 February 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 his 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
Mr Simon Miller
Director
28/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Athrodax Healthcare International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01501798 . The registered office is Hawthorn Business Park, Drybrook, Gloucestershire, GL17 9HP.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Freehold Not depreciated
Motor Vehicles 25% straight line basis
Fixtures & Fittings 25% straight line basis
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 12)
13 12
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2024 61,348 277,750 339,098
Disposals (10,500 ) - (10,500 )
As at 28 February 2025 50,848 277,750 328,598
Depreciation
As at 1 March 2024 39,221 276,328 315,549
Provided during the period 12,489 840 13,329
Disposals (10,500 ) - (10,500 )
As at 28 February 2025 41,210 277,168 318,378
Net Book Value
As at 28 February 2025 9,638 582 10,220
As at 1 March 2024 22,127 1,422 23,549
5. Investment Property
2025
£
Fair Value
As at 1 March 2024 and 28 February 2025 171,519
Additions -
As at 28 February 2025 171,519
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6. Stocks
2025 2024
£ £
Materials 320,000 379,182
Finished goods 3,366 3,366
323,366 382,548
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 249,448 143,719
Other debtors 88,169 62,484
337,617 206,203
Due after more than one year
Other debtors 15,125 9,998
352,742 216,201
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 46,652 73,976
Other loans 20,000 -
Other creditors 10,281 10,171
Taxation and social security 43,081 57,300
120,014 141,447
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 31,500 31,500
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