2014-04-01
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Private Limited Company
06430605
2015-03-31
06430605
2014-04-01
2015-03-31
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2013-04-01
2014-03-31
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uk-bus:Director1
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2015-03-31
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uk-gaap:Buildings
2014-04-01
2015-03-31
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uk-gaap:FixturesFittingsToolsEquipment
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iso4217:GBP
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06430605
2
Kardel Health Limited
For the year ended 31 March 2015
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Kardel Health Limited
2015
2014
2
532,046
565,749
3
211,782
196,966
743,828
762,715
33,100
25,000
4
132,618
149,198
86,622
84,503
260,820
250,221
| Creditors: amounts falling due within one year |
(160,759)
(209,587)
89,462
51,233
Net current assets
| Total assets less current liabilities |
795,061
852,177
| Creditors: amounts falling due after more than one year |
5
(809,339)
(761,678)
(28,968)
(33,522)
| Provisions for liabilities |
4,415
Net assets
9,316
2
6
2
4,413
9,314
4,415
9,316
Shareholders funds
| For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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. |
| Date approved by the board: 03 November 2015 |
| Signed on behalf of the board of directors |
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4
| Notes to the Abbreviated Financial Statements |
For the year ended 31 March 2015
Kardel Health Limited
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Finance lease and hire purchase charges |
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 20 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Improvements to property
Fixtures and Fittings
| Assets on finance lease and hire purchase |
| Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and |
| rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets |
| and depreciated over the shorter of the lease term and their estimated expected useful lives. |
| Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
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5
| Notes to the Abbreviated Financial Statements |
For the year ended 31 March 2015
Kardel Health Limited
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
720,423
720,423
154,674
33,703
Charge for year
188,377
532,046
565,749
367,813
55,855
423,668
170,847
41,039
Charge for year
211,886
211,782
196,966
| The net book value of fixtures and fittings includes £140,284 (2014- £155,812) in respect of assets held under finance leases. The amount of depreciation in respect of such assets amounted to £19,569 (2014- £14,220) for the year. |
| Debtors include an amount of £53558 (2014: £5781) falling due after more than one year |
| Debtors due more than 1 year include : |
| Loans to the director during the year, the amount outstanding as at 31 March 2015 was £48,190 (2014- £nil). |
| £5,368 (2014 - £5,781) of finance costs paid re. purchase of the new practice is be written off over 15 years |
| commencing April 2014 in line with the term of the business loan. |
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6
| Notes to the Abbreviated Financial Statements |
For the year ended 31 March 2015
Kardel Health Limited
2014
2015
| 5 Creditors due after more than one year |
725,197
752,426
| Debt due after more than one year; |
| Loan 1 £240,641 - repayable annual instalments £14,493 commencing August 2008, repayable between one and |
| five years £40,309 (2014- £40,309), repayable in five years or more £179,653 (2014- £190,254) |
| Loan 2 £258,904 - repayable annual instalments £24,317 commencing August 2009 loan settled Augsut 2014, |
| repayable between one and five years £nil (2014- £40,938), repayable in five years or more £nil (2014- £210,761) |
| Loan 3 £76,263 - repayable annual instalments £8,634 commencing May 2010, repayable between one and five |
| years £26,215 (2014- £25,230), repayable in five years or more £38,884 (2014- £45,528) |
| Loan 4 £8,166 - repayable annual instalments £2,460 commencing May 2013, repayable between one and five years |
| £4,166 (2014- £6,167), repayable in five years or more £nil (2014- £nil) |
| Loan 5 £17,667 - repayable annual instalments £5,040 commencing Sept 2013, repayable between one and five |
| years £9,667 (2014- £13,667), repayable in five years or more £nil (2014- £nil) |
| Loan 6 £24,167 - repayable annual instalments £6,555 commencing Jan 2014, repayable between one and five |
| years £14,167 (2014- £19,167), repayable in five years or more £nil (2014- £nil) |
| Loan 7 £10,054 - repayable annual instalments £2,890 commencing April 2014, repayable between one and five |
| years £6,033 (2014- £8,044), repayable in five years or more £nil (2014- £nil) |
| Loan 8 £160,000 - repayable annual instalments £14,497 commencing April 2014, repayable between one and five |
| years £37,289 (2014- £35,831), repayable in five years or more £106,957 (2014- £116,530) |
| Loan 9 £256,783 - repayable annual instalments £15,755 commencing August 2014, repayable between one and |
| five years £49,375 (2014- £nil), repayable in five years or more £188,882 (2014- £nil) |
| Loan 10 £29,500 - repayable annual instalments £7,682 commencing April 2015, repayable between one and five |
| years £23,600 (2014- £nil), repayable in five years or more £nil (2014- £nil) |
| HP Loan 1 £nil (2014- £319) repayable annual instalments £4,725 commencing May 2009, repayable between one |
| and five years £nil (2014- £nil), repayable in five years or more £nil (2013- £nil) |
| HP Loan 2 £1,843 (2014- £7,709) repayable annual instalments £7,219 commencing July 2010, repayable between |
| one and five years £nil (2014- £1,843), repayable in five years or more £nil (2014- £nil) |
| HP Loan 3 £17,007 (2014- £27,748) repayable annual instalments £12,925 commencing October 2011, repayable |
| between one and five years £6,266 (2013- £17,006), repayable in five years or more £nil (2014- £nil) |
| HP Loan 4 £37,271 (2014- £47,580) repayable annual instalments £13,299 commencing April 2014, repayable |
| between one and five years £27,755 (2014- £38,064), repayable in five years or more £nil (2014- £nil) |
| HP Loan 5 £400 (2014- £4,794) repayable annual instalments £4,794 commencing May 2014, repayable between |
| one and five years £nil (2014- £400), repayable in five years or more £nil (2013- £nil) |
| HP Loan 6 £3,180 (2014- £nil) repayable annual instalments £951 commencing September 2014, repayable |
| between one and five years £2,460 (2014- £nil), repayable in five years or more £nil (2014- £nil) |
| 1,000 Ordinary shares of £1.00 each |
| Allotted called up and fully paid |
2015
2014
| 2 Ordinary shares of £1.00 each |
2
2
2
2
| During the year the company made loans to Dr R Kardel which were not repaid, the amount outstanding as at 31 March 2015 was £48,190 (2014- £nil). |
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