Surrey Cardiology Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06323045 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2018

for

Surrey Cardiology Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr A K Vasudeva

SECRETARY:

Mrs M Vasudeva

REGISTERED OFFICE:

1 Sandy Lane

Petersham

Surrey

TW10 7EW

REGISTERED NUMBER:

06323045 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,178

8,513

8,178

8,513

CURRENT ASSETS

Debtors

6

40,951

56,897

Cash at bank

44,300

121,275

85,251

178,172

CREDITORS

Amounts falling due within one year

7

89,337

89,198

NET CURRENT (LIABILITIES)/ASSETS

(4,086

)

88,974

TOTAL ASSETS LESS CURRENT LIABILITIES

4,092

97,487

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,090

97,485

SHAREHOLDERS' FUNDS

4,092

97,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 3 April 2019 and were signed by:

............................................................

Dr A K Vasudeva - Director

1.	STATUTORY INFORMATION

Surrey Cardiology 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 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.

Turnover

Turnover represents trading income accrued during the period shown by these financial

statements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three 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 it's

estimated useful life.

Computer equipment - 33% on cost

Fixtures and fittings - 25% reducing balance

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 year was 5 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

348,000

AMORTISATION

At 1 August 2017

and 31 July 2018

348,000

NET BOOK VALUE

At 31 July 2018

-

At 31 July 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2017

11,963

15,604

27,567

Additions

2,890

1,195

4,085

At 31 July 2018

14,853

16,799

31,652

DEPRECIATION

At 1 August 2017

6,837

12,217

19,054

Charge for year

2,004

2,416

4,420

At 31 July 2018

8,841

14,633

23,474

NET BOOK VALUE

At 31 July 2018

6,012

2,166

8,178

At 31 July 2017

5,126

3,387

8,513

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

40,951

54,697

Other debtors

-

2,200

40,951

56,897

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

71,880

79,320

Other creditors

17,457

9,878

89,337

89,198