Healthflex Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04927731 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Healthflex Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M R Dyer

REGISTERED OFFICE:

Chancery House

41a Hanger Hill

Weybridge

Surrey

KT13 9XZ

REGISTERED NUMBER:

04927731 (England and Wales)

ACCOUNTANTS:

Ampersand Partnership Limited

Chancery House

41a Hanger Hill

Weybridge

Surrey

KT13 9XZ

FIXED ASSETS

Intangible assets

4

10,297

14,710

Tangible assets

5

470

1,058

10,767

15,768

CURRENT ASSETS

Stocks

3,533

3,542

Debtors

9,735

9,567

Cash at bank and in hand

66,368

45,616

79,636

58,725

CREDITORS

Amounts falling due within one year

31,169

40,614

NET CURRENT ASSETS

48,467

18,111

TOTAL ASSETS LESS CURRENT LIABILITIES

59,234

33,879

CREDITORS

Amounts falling due after more than one year

24,000

32,539

NET ASSETS

35,234

1,340

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

35,134

1,240

SHAREHOLDERS' FUNDS

35,234

1,340

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 December 2022 and were signed by:

M R Dyer - Director

1.	STATUTORY INFORMATION

Healthflex 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover comprises revenue recognised by the company in respect of medical supplies and physiotherapy services supplied during the year, exclusive of Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

88,263

AMORTISATION

At 1 April 2021

73,553

Amortisation for year

4,413

At 31 March 2022

77,966

NET BOOK VALUE

At 31 March 2022

10,297

At 31 March 2021

14,710

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

13,514

Additions

260

At 31 March 2022

13,774

DEPRECIATION

At 1 April 2021

12,456

Charge for year

848

At 31 March 2022

13,304

NET BOOK VALUE

At 31 March 2022

470

At 31 March 2021

1,058

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,350 (2021 - £45,800) were paid to the directors .

Included in other creditors due within one year is £2,652 (2021: £19,267) owed by the company to the directors.

Included in other creditors due after more than one year is £24,000 (2021: £24,000) owed by the company to the directors.