N & I Healthcare Limited - Accounts to registrar (filleted) - small 18.2

N & I Healthcare Limited - Accounts to registrar (filleted) - small 18.2

N & I HEALTHCARE LIMITED - Company Information

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REGISTERED NUMBER: 09810189 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2022

FOR

N & I HEALTHCARE LIMITED
N & I HEALTHCARE LIMITED (REGISTERED NUMBER: 09810189)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


N & I HEALTHCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2022







DIRECTOR: I S Toot





SECRETARY: Ms N K Toot





REGISTERED OFFICE: 2 The Links
Herne Bay
Kent
CT6 7GQ





BUSINESS ADDRESS: Keele House
178 High Street
Ramsgate
Kent
CT11 9TS





REGISTERED NUMBER: 09810189 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ
Page 1
N & I HEALTHCARE LIMITED (REGISTERED NUMBER: 09810189)

BALANCE SHEET
31ST JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,274 10,475

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 147,642 45,979
Cash at bank and in hand 1,341 50,222
150,483 97,701
CREDITORS
Amounts falling due within one year 7 91,096 44,370
NET CURRENT ASSETS 59,387 53,331
TOTAL ASSETS LESS CURRENT
LIABILITIES
66,661
63,806

CREDITORS
Amounts falling due after more than one
year
8
(44,167
)
(43,334
)

PROVISIONS FOR LIABILITIES (1,382 ) (1,990 )
NET ASSETS 21,112 18,482

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 21,012 18,382
SHAREHOLDERS' FUNDS 21,112 18,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th June 2022 and were signed by:





I S Toot - Director


The notes form part of these financial statements

Page 2
N & I HEALTHCARE LIMITED (REGISTERED NUMBER: 09810189)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2022

1. STATUTORY INFORMATION

N & I Healthcare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on a straight line basis

Government grants
Government grants have been recognised using both the accrual and performance model. Accrued government grants are matched to the period in which the cost has been recognised for which the grant has been provided to support. Grants provided to account for losses or providing general financial support, where there is no specific cost attached, are recognised in the period in which the grant is receivable.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 3 continued...
N & I HEALTHCARE LIMITED (REGISTERED NUMBER: 09810189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2022

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The accounts have been prepared on the going concern basis, as the director and parent company has guaranteed their full support to the company to meet obligations as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2021 - 31 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2021
and 31st January 2022 34,714
DEPRECIATION
At 1st February 2021 24,239
Charge for year 3,201
At 31st January 2022 27,440
NET BOOK VALUE
At 31st January 2022 7,274
At 31st January 2021 10,475

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 26,704 43,984
Amounts owed by group undertakings 119,979 200
Other debtors 959 1,795
147,642 45,979

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,000 6,667
Trade creditors 5,840 3,709
Amounts owed to group undertakings 27,859 2,975
Taxation and social security 11,031 18,364
Other creditors 41,366 12,655
91,096 44,370

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 44,167 43,334

Page 4 continued...
N & I HEALTHCARE LIMITED (REGISTERED NUMBER: 09810189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 24,167 3,334

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

Within other debtors is an amount of £1,347 which has been loaned by High View Oast Care Ltd. A company in which Mr & Mrs Toot own a third of the issued share capital in the parent company.

Page 5