Added Health Limited |
Notes to the Accounts |
for the year ended 31 December 2022 |
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1 |
Accounting policies |
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Basis of preparation |
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These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less cumulative amortisation and any cumulative impairment losses. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Office equipment |
20% reducing balance |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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2 |
Employees |
2022 |
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2021 |
Number |
Number |
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Average number of persons employed by the company |
5 |
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1 |
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3 |
Intangible fixed assets |
£ |
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Trademarks: |
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Cost |
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At 1 January 2022 |
3,285 |
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Additions |
24,877 |
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At 31 December 2022 |
28,162 |
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Amortisation |
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At 1 January 2022 |
6 |
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Provided during the year |
2,378 |
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At 31 December 2022 |
2,384 |
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Net book value |
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At 31 December 2022 |
25,778 |
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At 31 December 2021 |
3,279 |
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Trademark is being written off in equal annual instalments over its estimated economic life of 10 years. |
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4 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 January 2022 |
402 |
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Additions |
4,547 |
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At 31 December 2022 |
4,949 |
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Depreciation |
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At 1 January 2022 |
5 |
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Charge for the year |
532 |
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At 31 December 2022 |
537 |
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Net book value |
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At 31 December 2022 |
4,412 |
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At 31 December 2021 |
397 |
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5 |
Debtors |
2022 |
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2021 |
£ |
£ |
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Trade debtors |
158 |
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- |
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6 |
Creditors: amounts falling due within one year |
2022 |
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2021 |
£ |
£ |
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Trade creditors |
7,150 |
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- |
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Corporation tax |
(77,365) |
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(20,133) |
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Other taxes and social security costs |
(2,647) |
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(4,022) |
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Other creditors |
6,722 |
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6,150 |
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(66,140) |
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(18,005) |
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7 |
Other information |
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Added Health Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Prama House |
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267 Banbury Road |
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Oxford |
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Oxfordshire |
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OX2 7HT |