Penrith Health Centre (PD) Consortium Limited Filleted accounts for Companies House (small and micro)
Penrith Health Centre (PD) Consortium Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
01775075
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Financial Statements |
Period from 1 December 2017 to 31 October 2018
Contents |
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Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
3 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Lancashire |
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Auditor |
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Chartered accountants & statutory auditor |
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Sterling House |
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Wavell Drive, Rosehill |
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Carlisle, Cumbria |
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CA1 2SA |
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Bankers |
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Market Square |
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Penrith |
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Cumbria |
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CA11 7YB |
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Solicitors |
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6 Victoria Place |
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Carlisle |
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Cumbria |
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CA1 1ES |
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Statement of Financial Position |
31 Oct 18 |
30 Nov 17 |
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Note |
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£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
6 August 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
01775075
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Notes to the Financial Statements |
Period from 1 December 2017 to 31 October 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Mason Court, Gillan Way, Penrith 40 Business Park, Penrith, Cumbria. CA11 9GR. The principal place of business is The Pharmacy, Penrith Health Centre, Bridge Lane, Penrith, Cumbria, CA11 8HW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are judgements (apart from those involving estimations) that management have made in the process of applying the entity's accounting policies that a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property Improvements |
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Computer Equipment |
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Fixtures & Fittings |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
13
(2017:
12
).
5.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Total |
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Cost |
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At 1 December 2017 |
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Additions |
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At 31 October 2018 |
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Depreciation |
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At 1 December 2017 |
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Charge for the period |
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At 31 October 2018 |
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Carrying amount |
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At 31 October 2018 |
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At 30 November 2017 |
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6.
Debtors
31 Oct 18 |
30 Nov 17 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
31 Oct 18 |
30 Nov 17 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Summary audit opinion
The senior statutory auditor was
Mrs Lindsay Farrer
, for and on behalf of
Saint & Co
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9.
Related party transactions
No transactions with related parties were undertaken, other than disclosed in the notes, such as are required to be disclosed under the FRS102 Section 1A.
10.
Controlling party
As at 1 November 2018, the controlling party of the company is Bestway National Chemists Limited (Company No. 09225457). The registered address is Merchants Warehouse, Castle Street, Manchester, M3 4LZ