Medical Defence Shield Limited - Accounts to registrar (filleted) - small 18.2
Medical Defence Shield Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 March 2019 to 30 April 2020 |
| for |
| Medical Defence Shield Limited |
| Medical Defence Shield Limited (Registered number: 07146069) |
| Contents of the Financial Statements |
| for the Period 1 March 2019 to 30 April 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Medical Defence Shield Limited |
| Company Information |
| for the Period 1 March 2019 to 30 April 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants (ICAEW) |
| Redland House |
| 157 Redland Road |
| Redland |
| Bristol |
| BS6 6YE |
| Medical Defence Shield Limited (Registered number: 07146069) |
| Balance Sheet |
| 30 April 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| Medical Defence Shield Limited (Registered number: 07146069) |
| Balance Sheet - continued |
| 30 April 2020 |
| 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 and authorised for issue on |
| Medical Defence Shield Limited (Registered number: 07146069) |
| Notes to the Financial Statements |
| for the Period 1 March 2019 to 30 April 2020 |
| 1. | STATUTORY INFORMATION |
| Medical Defence Shield Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| Taxation |
| Taxation for the period 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 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 |
| Medical Defence Shield Limited (Registered number: 07146069) |
| Notes to the Financial Statements - continued |
| for the Period 1 March 2019 to 30 April 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Computer |
| leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 March 2019 |
| Additions |
| At 30 April 2020 |
| DEPRECIATION |
| At 1 March 2019 |
| Charge for period |
| At 30 April 2020 |
| NET BOOK VALUE |
| At 30 April 2020 |
| At 28 February 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year the company incurred costs of £50,000 (2019 £50,000) from Suraj Medical Consultants Limited. Included within other creditors is amount due to Suraj Medical Consultants Limited in the sum of £69,192 (2019 £61,749). |
| Suraj Medical Consultants Limited is a corporate director and shareholder of the company. |
| All of the above transactions were carried out on an arms length basis. |
| 8. | ULTIMATE CONTROLLING PARTY |
| There is no controlling or ultimate controlling party of the company. |