ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

HOLT HEALTH SERVICES LIMITED - Company Information

Print Friendly Version

06582472 2013-07-01 false true 2014-06-302014-06-30 06582472 c:EntityAccountantsOrAuditors 2014-06-30 06582472 2013-07-01 2014-06-30 06582472 2014-06-30 06582472 2013-06-30 06582472 d:FixturesFittingsToolsEquipment 2013-07-01 2014-06-30 06582472 c:OrdinaryShareClass1 2014-06-30 06582472 c:OrdinaryShareClass1 2013-06-30 06582472 c:OrdinaryShareClass1 2013-07-01 2014-06-30 06582472 c:Director5 2013-07-01 2014-06-30 06582472 c:EntityAccountantsOrAuditors 2013-07-01 2014-06-30 iso4217:GBP xbrli:shares

Registered number: 06582472









HOLT HEALTH SERVICES LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014
 
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 2014

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 2014 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 icaew.com/regulations.


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 AAF 2/10 as detailed at icaew.com/compilation. 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 company's assets, liabilities, financial position and profit. 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

10 November 2014
Page 1
 
HOLT HEALTH SERVICES LIMITED
REGISTERED NUMBER: 06582472

ABBREVIATED BALANCE SHEET
AS AT 30 JUNE 2014

2014
2013
Note
£
£
£
£
 
FIXED ASSETS





 
Intangible assets
 
2
27,972

43,968
 
Tangible assets
 
3
27,618
25,793







55,590

69,761
 
CURRENT ASSETS





 
Stocks
11,549
14,215

 
Debtors
168,112
146,847

 
Cash at bank

10,794
53,234







 
190,455
214,296
 
CREDITORS: amounts falling due within one year
(147,356)
(166,729)
 
NET CURRENT ASSETS


43,099

47,567
 
TOTAL ASSETS LESS CURRENT LIABILITIES
98,689
117,328
 
CREDITORS: amounts falling due after more than one year
(150,734)

(170,534)

NET LIABILITIES




 (52,045)


 (53,206)
  
CAPITAL AND RESERVES

 
Called up share capital
4
1,300
1,300
 
Profit and loss account
(53,345)
(54,506)
 
SHAREHOLDERS' DEFICIT
 

 (52,045)

 (53,206)


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 2014 and of its profit 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 2014

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 10 November 2014.






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 2014

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 April 2008).

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 2014

2.INTANGIBLE FIXED ASSETS



£


Cost



At 1 July 2013 and 30 June 2014

79,956

Amortisation


At 1 July 2013
35,988

Charge for the year
15,996


At 30 June 2014

51,984




Net book value


At 30 June 2014
 27,972


At 30 June 2013

 43,968


3.TANGIBLE FIXED ASSETS



£


Cost 


At 1 July 2013
36,898

Additions
6,699


At 30 June 2014

43,597



Depreciation


At 1 July 2013
11,105

Charge for the year
4,874


At 30 June 2014

15,979




Net book value


At 30 June 2014
 27,618


At 30 June 2013

 25,793


4.SHARE CAPITAL

        2014
        2013
        £

        £

Allotted, called up and fully paid



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

Page 5