Healthcare Knowledge Limited - Period Ending 2016-12-31

HEALTHCARE KNOWLEDGE LIMITED - Company Information

Healthcare Knowledge Limited 3995239 false 2016-01-01 2016-12-31 2016-12-31 The principal activity of the company is publishing Digita Accounts Production Advanced 6.17.8165.0 Software true 3995239 2016-01-01 2016-12-31 3995239 2016-12-31 3995239 core:CurrentFinancialInstruments core:WithinOneYear 2016-12-31 3995239 core:Non-currentFinancialInstruments core:AfterOneYear 2016-12-31 3995239 bus:Micro-entities 2016-01-01 2016-12-31 3995239 bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 3995239 bus:FullAccounts 2016-01-01 2016-12-31 3995239 bus:RegisteredOffice 2016-01-01 2016-12-31 3995239 bus:CompanySecretaryDirector1 2016-01-01 2016-12-31 3995239 bus:Director2 2016-01-01 2016-12-31 3995239 bus:Director3 2016-01-01 2016-12-31 3995239 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 3995239 bus:Agent1 2016-01-01 2016-12-31 3995239 countries:AllCountries 2016-01-01 2016-12-31 3995239 2015-12-31 3995239 core:CurrentFinancialInstruments core:WithinOneYear 2015-12-31 3995239 core:Non-currentFinancialInstruments core:AfterOneYear 2015-12-31 iso4217:GBP

Registration number: 3995239

Healthcare Knowledge Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

AIMS
8 Beechwood Grove
Harrogate
North Yorkshire
HG2 8QP

Healthcare Knowledge Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 5
Notes to the Financial Statements	4

Healthcare Knowledge Limited

Company Information

Directors

Mr H C H Whiteside

Dr M Scatchard

Mrs R M Whiteside

Company secretary

Mr H C H Whiteside

Registered office

19 East Parade
Harrogate
North Yorkshire
HG1 5LF

Accountants

AIMS
8 Beechwood Grove
Harrogate
North Yorkshire
HG2 8QP

Page 1

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Healthcare Knowledge Limited
for the Year Ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Healthcare Knowledge Limited for the year ended 31 December 2016 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Healthcare Knowledge Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Healthcare Knowledge Limited and state those matters that we have agreed to state to the Board of Directors of Healthcare Knowledge Limited, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Healthcare Knowledge Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Healthcare Knowledge Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Healthcare Knowledge Limited. You consider that Healthcare Knowledge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Healthcare Knowledge 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 accounts.

......................................

AIMS
8 Beechwood Grove
Harrogate
North Yorkshire
HG2 8QP

30 March 2017

Page 2

Healthcare Knowledge Limited

(Registration number: 3995239)
Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Fixed assets		12,623	11,463
Current assets		96,098	113,876
Prepayments and accrued income		2,599	1,801
Creditors: Amounts falling due within one year		(71,794)	(95,802)
Net current assets		26,903	19,875
Total assets less current liabilities		39,526	31,338
Creditors: Amounts falling due after more than one year		(1,037)	(1,037)
Accruals and deferred income		(3,622)	(1,340)
		34,867	28,961
Capital and reserves		34,867	28,961

The notes on page 4 form an integral part of these financial statements.

Page 3

Healthcare Knowledge Limited

(Registration number: 3995239)
Balance Sheet as at 31 December 2016

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England & Wales.

The address of its registered office is:
19 East Parade
Harrogate
North Yorkshire
HG1 5LF

These financial statements were authorised for issue by the Board on 30 March 2017.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Page 4

Healthcare Knowledge Limited

(Registration number: 3995239)
Balance Sheet as at 31 December 2016

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 30 March 2017 and signed on its behalf by:

.........................................

Mr H C H Whiteside

Company secretary and director

The notes on page 4 form an integral part of these financial statements.

Page 5

Healthcare Knowledge Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2016

	2016 £	2015 £
Turnover (analysed below)	444,409	479,600
Cost of sales (analysed below)	(79,213)	(105,859)
Gross profit	365,196	373,741
Gross profit (%)	82.18%	77.93%
Administrative expenses
Employment costs (analysed below)	(205,503)	(184,413)
Establishment costs (analysed below)	(12,685)	(11,152)
General administrative expenses (analysed below)	(47,207)	(35,753)
Finance charges (analysed below)	(4,866)	(4,372)
Depreciation costs (analysed below)	(2,822)	(2,420)
Other expenses (analysed below)	(36)	-
	(273,119)	(238,110)
Other operating income (analysed below)	4,066	244
Operating profit	96,143	135,875
Other interest receivable and similar income (analysed below)	48	18
Interest payable and similar charges (analysed below)	-	1
	48	19
Profit before tax	96,191	135,894

This page does not form part of the statutory financial statements.

Page 6

Healthcare Knowledge Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2016

	2016 £	2015 £
Turnover
Sale of goods, UK	444,409	479,600
Cost of sales
ML Course costs	79,213	105,859
Employment costs
Wages and salaries (excluding directors)	(169,474)	(152,572)
Directors remuneration	(10,000)	(10,000)
Directors NIC (Employers)	(921)	(975)
Staff pensions (Defined contribution)	(2,202)	-
Private health insurance	(7,509)	(6,558)
Subcontract cost	(12,430)	(13,873)
Staff training	(334)	(233)
Staff Childcare	(2,633)	(202)
	(205,503)	(184,413)
Establishment costs
Rent	(6,631)	(6,725)
Rates	(417)	(369)
Light, heat and power	(1,512)	(1,455)
Insurance	(495)	(490)
Repairs and maintenance	(3,630)	(2,113)
	(12,685)	(11,152)
General administrative expenses
Telephone and fax	(4,726)	(5,423)
Website	(7,321)	(5,797)
Computer software and maintenance costs	(774)	(1,620)
Life insurance	(1,678)	(1,677)
Printing, postage and stationery	(11,240)	(9,049)
Document storage	(889)	(685)
Trade subscriptions	(2,380)	(1,649)
Charitable donations	-	(75)
Sundry expenses	(183)	(109)
Cleaning	(1,131)	(955)
Travel and subsistence	(3,229)	(3,626)
Promotional expenses	(3,000)	-
Staff entertaining (allowable for tax)	(452)	(454)
Customer entertaining (disallowable for tax)	-	(152)
Accountancy fees	(2,520)	(2,400)
Legal and professional fees	(2,768)	(399)

This page does not form part of the statutory financial statements.

Page 7

Healthcare Knowledge Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2016

	2016 £	2015 £
Bad debts written off	(4,916)	(1,683)
	(47,207)	(35,753)
Finance charges
Bank charges	(835)	(748)
Credit card charges	(4,031)	(3,624)
	(4,866)	(4,372)
Depreciation costs
Depreciation of fixtures and fittings (owned)	(141)	(166)
Depreciation of office equipment (owned)	(2,681)	(2,236)
Depreciation of other tangible (owned)	-	(18)
	(2,822)	(2,420)
Other expenses
(Profit)/loss on disposal of tangible fixed assets	(36)	-
Other operating income
Other operating income	4,066	244
Operating profit	96,143	135,875
Other interest receivable and similar income
Bank interest receivable	48	18
Interest payable and similar charges
Foreign currency (gains)/losses	-	(1)
Net finance income	48	19
Profit before tax	96,191	135,894

This page does not form part of the statutory financial statements.

Page 8

Healthcare Knowledge Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2016

2016
£

2015
£


Turnover
Sale of goods, UK	444,409	479,600


Cost of sales
ML Course costs	79,213	105,859


Employment costs
Wages and salaries (excluding directors)	(169,474)	(152,572)
Directors remuneration	(10,000)	(10,000)
Directors NIC (Employers)	(921)	(975)
Staff pensions (Defined contribution)	(2,202)	-
Private health insurance	(7,509)	(6,558)
Subcontract cost	(12,430)	(13,873)
Staff training	(334)	(233)
Staff Childcare	(2,633)	(202)
	(205,503)	(184,413)


Establishment costs
Rent	(6,631)	(6,725)
Rates	(417)	(369)
Light, heat and power	(1,512)	(1,455)
Insurance	(495)	(490)
Repairs and maintenance	(3,630)	(2,113)
	(12,685)	(11,152)


General administrative expenses
Telephone and fax	(4,726)	(5,423)
Website	(7,321)	(5,797)
Computer software and maintenance costs	(774)	(1,620)
Life insurance	(1,678)	(1,677)
Printing, postage and stationery	(11,240)	(9,049)
Document storage	(889)	(685)
Trade subscriptions	(2,380)	(1,649)
Charitable donations	-	(75)
Sundry expenses	(183)	(109)
Cleaning	(1,131)	(955)
Travel and subsistence	(3,229)	(3,626)
Promotional expenses	(3,000)	-
Staff entertaining (allowable for tax)	(452)	(454)
Customer entertaining (disallowable for tax)	-	(152)
Accountancy fees	(2,520)	(2,400)
Legal and professional fees	(2,768)	(399)

This page does not form part of the statutory financial statements.

Page 9

Healthcare Knowledge Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2016


Bad debts written off	(4,916)	(1,683)
	(47,207)	(35,753)


Finance charges
Bank charges	(835)	(748)
Credit card charges	(4,031)	(3,624)
	(4,866)	(4,372)


Depreciation costs
Depreciation of fixtures and fittings (owned)	(141)	(166)
Depreciation of office equipment (owned)	(2,681)	(2,236)
Depreciation of other tangible (owned)	-	(18)
	(2,822)	(2,420)


Other expenses
(Profit)/loss on disposal of tangible fixed assets	(36)	-


Other operating income
Other operating income	4,066	244


Other interest receivable and similar income
Bank interest receivable	48	18

This page does not form part of the statutory financial statements.

Page 10