Complete Medical Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04653446 (England and Wales)

Financial Statements

for the Year Ended 31 October 2019

for

Complete Medical Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R L Stow

M D Belfield

S P Carnwell

REGISTERED OFFICE:

16 The Square

Holmes Chapel

Crewe

CW4 7AB

REGISTERED NUMBER:

04653446 (England and Wales)

AUDITORS:

Thompson Wright Limited

Chartered Accountants

and Statutory Auditors

Ebenezer House

Ryecroft

Newcastle under Lyme

Staffordshire

ST5 2BE

FIXED ASSETS

Tangible assets

4

7,918

4,054

CURRENT ASSETS

Debtors

5

1,384,917

1,445,912

Cash at bank and in hand

364,837

310,345

1,749,754

1,756,257

CREDITORS

Amounts falling due within one year

6

202,125

240,779

NET CURRENT ASSETS

1,547,629

1,515,478

TOTAL ASSETS LESS CURRENT LIABILITIES

1,555,547

1,519,532

PROVISIONS FOR LIABILITIES

1,505

771

NET ASSETS

1,554,042

1,518,761

CAPITAL AND RESERVES

Called up share capital

76

76

Capital redemption reserve

25

25

Retained earnings

1,553,941

1,518,660

SHAREHOLDERS' FUNDS

1,554,042

1,518,761

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 2 April 2020 and were signed on its behalf by:

R L Stow - Director

1.	STATUTORY INFORMATION

Complete Medical Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised as the

company becomes entitled to consideration the services supplied. Therefore, turnover also includes the

element of work completed but not yet invoiced.

Tangible fixed assets

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

Office equipment

-

25% on cost

Fixtures and fittings

-

15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

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 6 (2018 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

equipment

fittings

Totals

£

£

£

COST

At 1 November 2018

14,837

1,383

16,220

Additions

7,470

-

7,470

At 31 October 2019

22,307

1,383

23,690

DEPRECIATION

At 1 November 2018

10,846

1,320

12,166

Charge for year

3,587

19

3,606

At 31 October 2019

14,433

1,339

15,772

NET BOOK VALUE

At 31 October 2019

7,874

44

7,918

At 31 October 2018

3,991

63

4,054

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

224,373

247,933

Amounts owed by group undertakings

1,141,565

1,176,754

Prepayments and accrued income

18,979

21,225

1,384,917

1,445,912

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

155,264

182,841

Amounts owed to group undertakings

3,100

-

Corporation tax

34,239

21,604

Social security and other taxes

3,958

3,187

Other creditors

293

121

Accrued expenses

5,271

33,026

202,125

240,779

7.	SECURED DEBTS

National Westminster Bank PLC have a fixed and floating charge over all the assets in the company.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock FCA BFP BA(Hons) (Senior Statutory Auditor)

for and on behalf of Thompson Wright Limited

9.	RELATED PARTY DISCLOSURES

The controlling party is TSG Complete Claim Services Limited.

The ultimate controlling party is the directors of TSGroup Limited.

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit

returns to the tax authorities and assist with the preparation of the financial statements.