HARE Medical Services Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11803681 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

HARE MEDICAL SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Rahman

D C Hann

REGISTERED OFFICE:

284 Drub Lane

Cleckheaton

Bradford

West Yorkshire

BD19 4BX

REGISTERED NUMBER:

11803681 (England and Wales)

ACCOUNTANTS:

BK Plus Limited

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

FIXED ASSETS

Tangible assets

4

64,263

83,299

CURRENT ASSETS

Debtors

5

4,270

11,530

Cash at bank

123,410

60,887

127,680

72,417

CREDITORS

Amounts falling due within one year

6

76,603

22,237

NET CURRENT ASSETS

51,077

50,180

TOTAL ASSETS LESS CURRENT LIABILITIES

115,340

133,479

CREDITORS

Amounts falling due after more than one year

7

-

(36,984

)

PROVISIONS FOR LIABILITIES

(5,980

)

(6,479

)

NET ASSETS

109,360

90,016

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

109,260

89,916

109,360

90,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 December 2023 and were signed on its behalf by:

S Rahman - Director

1.	STATUTORY INFORMATION

HARE Medical Services Ltd 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, Straight line over 5 years, Straight line over 4 years and Straight line over 3 years

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

140,201

Additions

16,745

At 31 March 2023

156,946

DEPRECIATION

At 1 April 2022

56,902

Charge for year

35,781

At 31 March 2023

92,683

NET BOOK VALUE

At 31 March 2023

64,263

At 31 March 2022

83,299

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

60,550

DEPRECIATION

At 1 April 2022

30,275

Charge for year

15,137

At 31 March 2023

45,412

NET BOOK VALUE

At 31 March 2023

15,138

At 31 March 2022

30,275

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

2,280

10,959

Other debtors

1,990

571

4,270

11,530

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

36,984

5,082

Taxation and social security

12,432

11,310

Other creditors

27,187

5,845

76,603

22,237

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

-

36,984

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

S Rahman and D C Hann

Balance outstanding at start of year

(4,103

)

(2,835

)

Amounts advanced

5,341

59,921

Amounts repaid

(26,504

)

(61,189

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(25,266

)

(4,103

)