Dr Maassarani & Partners Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07629051 (England and Wales)

Financial Statements

for the Period 1 July 2019 to 31 March 2020

for

Dr Maassarani & Partners Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr C Kenny

REGISTERED OFFICE:

Oriel House

2 - 8 Oriel Road

Bootle

Merseyside

L20 7EP

REGISTERED NUMBER:

07629051 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

4,052

2,044

CURRENT ASSETS

Debtors

5

610,752

419,590

Cash at bank and in hand

181,444

231,797

792,196

651,387

CREDITORS

Amounts falling due within one year

6

300,397

268,112

NET CURRENT ASSETS

491,799

383,275

TOTAL ASSETS LESS CURRENT LIABILITIES

495,851

385,319

CAPITAL AND RESERVES

Called up share capital

7

126

126

Retained earnings

495,725

385,193

SHAREHOLDERS' FUNDS

495,851

385,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 December 2020 and were signed by:

Dr C Kenny - Director

1.	STATUTORY INFORMATION

Dr Maassarani & Partners 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.

Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the companies activities. Sales are presented net of rebates and discounts.

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

-

25% on reducing balance and 25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 29 (2019 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 July 2019

10,735

58,679

69,414

Additions

-

2,796

2,796

At 31 March 2020

10,735

61,475

72,210

DEPRECIATION

At 1 July 2019

10,735

56,635

67,370

Charge for period

-

788

788

At 31 March 2020

10,735

57,423

68,158

NET BOOK VALUE

At 31 March 2020

-

4,052

4,052

At 30 June 2019

-

2,044

2,044

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

30.6.19

£

£

Trade debtors

13,653

7,634

Other debtors

597,099

411,956

610,752

419,590

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

30.6.19

£

£

Trade creditors

94,233

102,892

Taxation and social security

98,363

55,816

Other creditors

107,801

109,404

300,397

268,112

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

30.6.19

value:

£

£

100

A

1

100

100

25

B

1

25

25

125

125

Allotted and issued:

Number:

Class:

Nominal

31.3.20

30.6.19

value:

£

£

1

C Ordinary

1

1

1

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2020 and the year ended 30 June 2019:

31.3.20

30.6.19

£

£

Dr C Kenny

Balance outstanding at start of period

-

-

Amounts advanced

156,279

-

Amounts repaid

(30,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

126,279

-