Ijb Healthcare Ltd. - Limited company accounts 22.3

REGISTERED NUMBER: 10784973 (England and Wales)

Report of the Director and

Financial Statements for the Year Ended 31 May 2022

for

Ijb Healthcare Ltd.

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Dr I P Azodo

SECRETARY:

REGISTERED OFFICE:

1-3 Western Road

Romford

RM1 3LD

REGISTERED NUMBER:

10784973 (England and Wales)

ACCOUNTANTS:

MSR GROUP LTD

MSR House

329 Ley Street

Ilford

Essex

IG1 4AA

The director presents her report with the financial statements of the company for the year ended 31 May 2022.

DIRECTOR

Dr I P Azodo held office during the whole of the period from 1 June 2021 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Dr I P Azodo - Director

11 May 2023

TURNOVER

71,398

73,281

Cost of sales

-

18,490

GROSS PROFIT

71,398

54,791

Distribution costs

-

3,954

Administrative expenses

63,337

55,631

63,337

59,585

OPERATING PROFIT/(LOSS)

4

8,061

(4,794

)

Interest payable and similar expenses

958

-

PROFIT/(LOSS) BEFORE TAXATION

7,103

(4,794

)

Tax on profit/(loss)

491

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

6,612

(4,794

)

FIXED ASSETS

Intangible assets

5

26,940

26,940

Tangible assets

6

923

1,194

27,863

28,134

CURRENT ASSETS

Cash at bank

4,004

1,446

CREDITORS

Amounts falling due within one year

7

3,212

3,691

NET CURRENT ASSETS/(LIABILITIES)

792

(2,245

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,655

25,889

CREDITORS

Amounts falling due after more than one year

8

25,825

29,671

NET ASSETS/(LIABILITIES)

2,830

(3,782

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,829

(3,783

)

SHAREHOLDERS' FUNDS

2,830

(3,782

)

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

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

The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 11 May 2023 and were signed by:

Dr I P Azodo - Director

1.	STATUTORY INFORMATION

Ijb Healthcare 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 11 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2021 - operating loss) is stated after charging:

31.5.22

31.5.21

£

£

Depreciation - owned assets

271

299

Goodwill amortisation

-

3,954

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2021

and 31 May 2022

30,894

AMORTISATION

At 1 June 2021

and 31 May 2022

3,954

NET BOOK VALUE

At 31 May 2022

26,940

At 31 May 2021

26,940

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2021

and 31 May 2022

2,800

DEPRECIATION

At 1 June 2021

1,606

Charge for year

271

At 31 May 2022

1,877

NET BOOK VALUE

At 31 May 2022

923

At 31 May 2021

1,194

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Taxation and social security

491

-

Other creditors

2,721

3,691

3,212

3,691

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans

16,154

20,000

Other creditors

9,671

9,671

25,825

29,671

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

16,154

20,000