Fay Baillie Health Care Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09677964 (England and Wales)

Unaudited Financial Statements

for the Period 1st August 2021 to 31st August 2022

for

FAY BAILLIE HEALTH CARE SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr M C Mathias

Ms F Mathias

Miss A Mathias

REGISTERED OFFICE:

4 Clews Road

Redditch

Worcestershire

B987ST

REGISTERED NUMBER:

09677964 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

346

1,369

CURRENT ASSETS

Debtors

5

2,102

2,102

Cash at bank

4,575

39,055

6,677

41,157

CREDITORS

Amounts falling due within one year

6

6,418

19,869

NET CURRENT ASSETS

259

21,288

TOTAL ASSETS LESS CURRENT LIABILITIES

605

22,657

PROVISIONS FOR LIABILITIES

7

66

260

NET ASSETS

539

22,397

CAPITAL AND RESERVES

Called up share capital

8

102

102

Retained earnings

437

22,295

SHAREHOLDERS' FUNDS

539

22,397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st August 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th September 2022 and were signed on its behalf by:

Mr M C Mathias - Director

1.	STATUTORY INFORMATION

Fay Baillie Health Care Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st August 2021

104

6,838

6,942

Additions

-

471

471

At 31st August 2022

104

7,309

7,413

DEPRECIATION

At 1st August 2021

60

5,513

5,573

Charge for period

12

1,482

1,494

At 31st August 2022

72

6,995

7,067

NET BOOK VALUE

At 31st August 2022

32

314

346

At 31st July 2021

44

1,325

1,369

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

2,000

-

Called up share capital not paid

102

2,102

2,102

2,102

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Tax

292

311

Social security and other taxes

(1,190

)

435

VAT

-

6,662

Directors' loan accounts

7,316

461

Deferred income

-

12,000

6,418

19,869

7.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

Accelerated capital allowances

66

260

Deferred

tax

£

Balance at 1st August 2021

260

Provided during period

(194

)

Balance at 31st August 2022

66

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

1

Ordinary C

£1

1

2

1

Ordinary D

£1

1

-

102

102

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fay Baillie Health Care Solutions Ltd for the period ended 31st August 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fay Baillie Health Care Solutions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fay Baillie Health Care Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Fay Baillie Health Care Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fay Baillie Health Care Solutions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fay Baillie Health Care Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fay Baillie Health Care Solutions Ltd. You consider that Fay Baillie Health Care Solutions Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Fay Baillie Health Care Solutions Ltd. 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.

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

Date: .............................................