K_&_K_HEALTHCARE_LIMITED - Accounts

K & K HEALTHCARE LIMITED - Company Information

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Company Registration No. 06454118 (England and Wales)

K & K HEALTHCARE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

K & K HEALTHCARE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

K & K HEALTHCARE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

390,378

420,407

Tangible assets

950,289

766,718

Investments

150

1,340,817

1,187,275

Current assets

Stocks

87,294

93,650

Debtors

371,530

494,502

Cash at bank and in hand

119,053

40,213

577,877

628,365

Creditors: amounts falling due within one year

(484,140)

(489,742)

Net current assets

93,737

138,623

Total assets less current liabilities

1,434,554

1,325,898

Creditors: amounts falling due after more than one year

(870,488)

(813,728)

Provisions for liabilities

(13,766)

(17,314)

550,300

494,856

Capital and reserves

Called up share capital

200

Profit and loss account

550,100

494,656

Shareholders' funds

550,300

494,856

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 January 2016

Mr S Kotecha

Director

Company Registration No. 06454118

K & K HEALTHCARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life which the directors believe is 20 years for pharmacy goodwill and 3 years for other goodwill.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties valued by the directors on an existing use open market value basis. Other tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

20 years straight line basis.

Land and buildings Leasehold

Over the life of the lease.

Fixtures, fittings & equipment

5-10 years straight line basis.

Motor vehicles

25% per annum on cost.

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

K & K HEALTHCARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 August 2014

687,256

937,091

150

1,624,497

Additions

234,575

At 31 July 2015

687,256

1,171,666

150

1,859,072

Depreciation

At 1 August 2014

266,849

170,373

437,222

Charge for the year

30,029

51,004

81,033

At 31 July 2015

296,878

221,377

518,255

Net book value

At 31 July 2015

390,378

950,289

150

1,340,817

At 31 July 2014

420,407

766,718

150

1,187,275

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Belgrave Pharmacy Limited

England

Ordinary

100.00

Other significant interests

Medicine Support Limited

England

Ordinary

50.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Belgrave Pharmacy Limited

Dormant company

100

Medicine Support Limited

Consultancy services

6,881

1,562

K & K HEALTHCARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 4 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £161,497 (2014 - £141,911).

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

395,181

292,414

The aggregate amount of creditors for which security has been given amounted to £870,488 (2014 - £813,728).

Share capital

2015

2014

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200