Health Connections Direct Limited - Period Ending 2014-06-30

Registration number: 03214049

Health Connections Direct Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Health Connections Direct Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Registration number: 03214049

Health Connections Direct Limited
Balance Sheet as at 30 June 2014

		Note			2014 £			2013 £
Current assets
Debtors					52,480			82,769
Cash at bank and in hand					10			880
					52,490			83,649
Creditors: Amounts falling due within one year					-			(30,470)
Net assets					52,490			53,179
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					52,488			53,177
Shareholders' funds					52,490			53,179

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 18 March 2015

G R Smith
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Health Connections Direct Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents commissions and fees receivable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Amortisation

The goodwill is being amortised over a period of ten years.

Asset class	Amortisation method and rate
Goodwill	10 year Straight Line Basis

Depreciation

Depreciation has been charged at the following rates

Asset class	Depreciation method and rate
Fixtures and fittings	33% Straight line and 25% Reducing balance
Office equipment	33% straight line
Motor vehicles	25% reducing balance

Fixed asset investments

Fixed asset investments are stated at cost.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing

Rentals paid under the operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2	Fixed assets

Cost

At 30 June 2014

Depreciation

At 30 June 2014

Net book value

At 30 June 2014

Page 2

Health Connections Direct Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Healthcare Partners Limited	Ordinary £1 Shares	100%	Provision of health insurance

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

4

Control

The company is controlled by Avanti Group Solutions Limited. The ultimate controlling party is G R Smith.

Page 3