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Unaudited Financial Statements |
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for the Year Ended 31 March 2020 |
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for |
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YORKSHIRE HEALTH SOLUTIONS LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2020 |
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for |
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YORKSHIRE HEALTH SOLUTIONS LIMITED |
YORKSHIRE HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 07851084) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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YORKSHIRE HEALTH SOLUTIONS LIMITED |
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Company Information |
for the Year Ended 31 March 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Old Tannery |
Eastgate |
Accrington |
Lancashire |
BB5 6PW |
YORKSHIRE HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 07851084) |
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Balance Sheet |
31 March 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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. |
YORKSHIRE HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 07851084) |
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Balance Sheet - continued |
31 March 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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YORKSHIRE HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 07851084) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2020 |
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1. | STATUTORY INFORMATION |
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Yorkshire Health Solutions Limited is a
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Office equipment | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
YORKSHIRE HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 07851084) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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5. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
At 1 April 2019 |
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Reclassification/transfer | ( |
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At 31 March 2020 |
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AMORTISATION |
At 1 April 2019 |
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Reclassification/transfer | ( |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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6. | TANGIBLE FIXED ASSETS |
Improvements |
to | Plant and | Office | Computer |
property | machinery | equipment | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2019 |
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Additions |
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Reclassification/transfer |
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At 31 March 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for year |
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Reclassification/transfer |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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YORKSHIRE HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 07851084) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Other creditors |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2020 | 2019 |
£ | £ |
Other loans |
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Invoice discounting facility | 151,030 | 130,973 |
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Other loans are secured using personal guarantees given by the directors. |
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The invoice discounting facility is secured over the debts to which they relate. |
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11. | OTHER FINANCIAL COMMITMENTS |
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At the year end the company had total operating lease commitments of £84,432 (2019 - £53,775). |
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12. | RELATED PARTY DISCLOSURES |
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At the reporting date £410,000 (2019 - £560,000) was due from the parent company. This loan is interest free and there are no fixed repayment terms. |
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During the year, services of £1,365,996 (2019 - £1,539,077) were purchased from a company owned by the directors. At the reporting date, £100,419 (2019 - £99,513) was owed to that company for invoices due under normal trading conditions and £53,501 (2019 - £114,887) in respect of a loan. The loan is interest free and there are no fixed repayment terms. |
YORKSHIRE HEALTH SOLUTIONS LIMITED (REGISTERED NUMBER: 07851084) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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13. | POST BALANCE SHEET EVENTS |
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The company's operations have been affected by COVID-19. The directors took steps to mitigate the effect by reducing costs and arranging temporary reduced loan repayment terms. The company has signed a significant new contract and is also experiencing new referrals as hospitals and GPs address the health care backlog following COVID -19. There has been no impact on going concern, carrying values of assets, liabilities and significant estimates within the financial statements. |