ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

HOLT HEALTH SERVICES LIMITED - Company Information

Print Friendly Version

06582472 2015-07-01 false true 2016-06-302016-06-30 06582472 c:EntityAccountantsOrAuditors 2016-06-30 06582472 2015-07-01 2016-06-30 06582472 2016-06-30 06582472 2015-06-30 06582472 d:FixturesFittingsToolsEquipment 2015-07-01 2016-06-30 06582472 c:OrdinaryShareClass1 2016-06-30 06582472 c:OrdinaryShareClass1 2015-06-30 06582472 c:OrdinaryShareClass1 2015-07-01 2016-06-30 06582472 c:Director1 2015-07-01 2016-06-30 06582472 c:EntityAccountantsOrAuditors 2015-07-01 2016-06-30 iso4217:GBP xbrli:shares

Registered number: 06582472









HOLT HEALTH SERVICES LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016
 
HOLT HEALTH SERVICES LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HOLT HEALTH SERVICES LIMITED
FOR THE YEAR ENDED 30 JUNE 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Holt Health Services Limited for the year ended 30 June 2016 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/
regulations-standards-and-guidance.


This report is made solely to the Board of directors of Holt Health Services Limited, as a body, in accordance with the terms of our engagement letter dated 21 October 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Holt Health Services Limited and state those matters that we have agreed to state to the Board of directors of Holt Health Services Limited, as a body, in this report in accordance with ICAEW Technical release TECH07/16AAF . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Holt Health Services Limited and its Board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Holt Health Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Holt Health Services Limited. You consider that Holt Health Services Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Holt Health Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







MA Partners LLP
 
Registered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

17 October 2016
Page 1
 
HOLT HEALTH SERVICES LIMITED
REGISTERED NUMBER: 06582472

ABBREVIATED BALANCE SHEET
AS AT 30 JUNE 2016

2016
2015
Note
£
£
£
£
 
FIXED ASSETS





 
Intangible assets
 
2
-

11,976
 
Tangible assets
 
3
27,975
27,784







27,975

39,760
 
CURRENT ASSETS





 
Stocks
14,371
11,593

 
Debtors
191,882
168,343

 
Cash at bank

13,107
33,983







 
219,360
213,919
 
CREDITORS: amounts falling due within one year
(146,036)
(148,708)
 
NET CURRENT ASSETS


73,324

65,211
 
TOTAL ASSETS LESS CURRENT LIABILITIES
101,299
104,971
 
CREDITORS: amounts falling due after more than one year
(170,534)

(170,534)

NET LIABILITIES




 (69,235)


 (65,563)
  
CAPITAL AND RESERVES

 
Called up share capital
4
1,300
1,300
 
Profit and loss account
(70,535)
(66,863)
 
SHAREHOLDERS' DEFICIT
 

 (69,235)

 (65,563)


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 June 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Page 2
 
HOLT HEALTH SERVICES LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT 30 JUNE 2016

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 17 October 2016.







Dr A C Brooks
Director

The notes on pages 4 to 5 form part of these financial statements.

Page 3
 
HOLT HEALTH SERVICES LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

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 January 2015).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of pharmaceutical goods and services supplied during the year.

1.3
Intangible fixed assets and amortisation

The licence represents the costs incurred to allow the company to be included in the Pharamceutical List.  It is amortised to the Profit and loss account over its estimated economic life.

1.4
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & fittings
-
15% reducing balance

1.5
Stocks

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

1.6
Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

Page 4
 
HOLT HEALTH SERVICES LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016

2.INTANGIBLE FIXED ASSETS



£


Cost



At 1 July 2015 and 30 June 2016

79,966

Amortisation


At 1 July 2015
67,990

Charge for the year
11,976


At 30 June 2016

79,966




Net book value


At 30 June 2016
 -


At 30 June 2015

 11,976


3.TANGIBLE FIXED ASSETS



£


Cost 


At 1 July 2015
48,666

Additions
5,127


At 30 June 2016

53,793



Depreciation


At 1 July 2015
20,882

Charge for the year
4,936


At 30 June 2016

25,818




Net book value


At 30 June 2016
 27,975


At 30 June 2015

 27,784


4.SHARE CAPITAL
        2016
        2015
        £

        £

Allotted, called up and fully paid



1,300 Ordinary shares of £1 each
 1,300
 1,300

Page 5