REGISTERED NUMBER: |
HEALTHCARE APPLICATIONS LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2022 |
REGISTERED NUMBER: |
HEALTHCARE APPLICATIONS LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2022 |
HEALTHCARE APPLICATIONS LTD (REGISTERED NUMBER: 12301463) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 November 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HEALTHCARE APPLICATIONS LTD |
COMPANY INFORMATION |
for the year ended 30 November 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
100 Boldmere Road |
Sutton Coldfield |
West Midlands |
B73 5UB |
HEALTHCARE APPLICATIONS LTD (REGISTERED NUMBER: 12301463) |
BALANCE SHEET |
30 November 2022 |
30/11/22 | 30/11/21 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
HEALTHCARE APPLICATIONS LTD (REGISTERED NUMBER: 12301463) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 November 2022 |
1. | STATUTORY INFORMATION |
Healthcare Applications Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
As at the 30 November 2022, the balance sheet reflects net current liabilities of £6,526 and an insolvent position amounting to £3,307. |
Included in creditors due within one year is an amount due to the director of £6,134. The director has given their assurance that they will continue to support the company and not request repayment of this amount until other creditors have been settled. |
The company has not yet commenced trading as the 'app' is still in the development stage. Upon completion of the 'app' the company will start to generate income and the director expects the balance sheet to return to a solvent position in the foreseeable future. |
As such, the director believes that the going concern basis of preparation is appropriate. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition intangible assets are measured at cost less accumulated amortisation and any accumulated impairments losses. |
Intangible assets comprise of an 'app' which is still in the developmental stage. Upon completion, and when the 'app' starts to generate income, the director will calculate the useful life of the 'app' and amortise accordingly. |
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. |
HEALTHCARE APPLICATIONS LTD (REGISTERED NUMBER: 12301463) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 November 2022 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
4. | INTANGIBLE FIXED ASSETS |
Development |
costs |
£ |
COST |
At 1 December 2021 |
and 30 November 2022 |
NET BOOK VALUE |
At 30 November 2022 |
At 30 November 2021 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/22 | 30/11/21 |
£ | £ |
Directors' loan accounts |
Accrued expenses |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/11/22 | 30/11/21 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 November 2022 and 30 November 2021: |
30/11/22 | 30/11/21 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
No interest is charged by directors on loans to the company. Amounts are repayable on demand. |