Best Pain Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09253755 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

Best Pain Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

Dr B J Nawarski

Mrs M A Nawarski

REGISTERED OFFICE:

31 Ambleside Road

Lightwater

Surrey

GU18 5TA

REGISTERED NUMBER:

09253755 (England and Wales)

ACCOUNTANTS:

D Hubbard Accountancy Limited

3 Clover House

Boston Road

Sleaford

Lincolnshire

NG34 7HD

FIXED ASSETS

Tangible assets

4

3,942

2,099

CURRENT ASSETS

Debtors

5

10,678

16,090

Cash at bank

17,612

8,275

28,290

24,365

CREDITORS

Amounts falling due within one year

6

23,794

26,195

NET CURRENT ASSETS/(LIABILITIES)

4,496

(1,830

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,438

269

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

8,338

169

SHAREHOLDERS' FUNDS

8,438

269

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 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 Board of Directors on 25 July 2019 and were signed on its behalf by:

Dr B J Nawarski - Director

1.	STATUTORY INFORMATION

Best Pain Management 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.

Plant and machinery etc

-

15% on reducing balance

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2017

2,926

Additions

2,539

At 31 October 2018

5,465

DEPRECIATION

At 1 November 2017

827

Charge for year

696

At 31 October 2018

1,523

NET BOOK VALUE

At 31 October 2018

3,942

At 31 October 2017

2,099

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

10,678

11,512

Directors' current accounts

-

4,578

10,678

16,090

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade creditors

1,830

2,178

Tax

19,076

22,217

Social security and other taxes

422

-

Directors' current accounts

526

-

Accrued expenses

1,940

1,800

23,794

26,195

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.18

31.10.17

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained

earnings

£

At 1 November 2017

169

Profit for the year

83,169

Dividends

(75,000

)

At 31 October 2018

8,338

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2018 and

31 October 2017:

31.10.18

31.10.17

£

£

Dr B J Nawarski

Balance outstanding at start of year

4,578

-

Amounts advanced

-

4,578

Amounts repaid

(4,578

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

4,578

The company pays a monthly rental amount of £500 at arms length to the directors for a licence to operate from

their home.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2017 - £109,000) were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr B J Nawarski.

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2018 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

D Hubbard Accountancy Limited

3 Clover House

Boston Road

Sleaford

Lincolnshire

NG34 7HD

25 July 2019