Mercia Psychiatric Reports Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07589902 (England and Wales)

MERCIA PSYCHIATRIC REPORTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2020

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Dr S D Vaggers

SECRETARY:

Mrs S Vaggers

REGISTERED OFFICE:

Coppice House

Halesfield 7

Telford

Shropshire

TF7 4NA

REGISTERED NUMBER:

07589902 (England and Wales)

ACCOUNTANTS:

Hollingsworth & Co Ltd

Coppice House

Halesfield 7

Telford

Shropshire

TF7 4NA

FIXED ASSETS

Intangible assets

4

2,910

5,823

Tangible assets

5

678

984

3,588

6,807

CURRENT ASSETS

Debtors

-

1,579

Cash at bank

169,839

170,396

169,839

171,975

CREDITORS

Amounts falling due within one year

19,569

21,208

NET CURRENT ASSETS

150,270

150,767

TOTAL ASSETS LESS CURRENT LIABILITIES

153,858

157,574

PROVISIONS FOR LIABILITIES

6

129

-

NET ASSETS

153,729

157,574

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

153,727

157,572

SHAREHOLDERS' FUNDS

153,729

157,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 24th November 2020 and were signed by:

Dr S D Vaggers - Director

1.	STATUTORY INFORMATION

Mercia Psychiatric Reports 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2019

and 30th April 2020

29,127

AMORTISATION

At 1st May 2019

23,304

Amortisation for year

2,913

At 30th April 2020

26,217

NET BOOK VALUE

At 30th April 2020

2,910

At 30th April 2019

5,823

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2019

and 30th April 2020

3,259

DEPRECIATION

At 1st May 2019

2,275

Charge for year

306

At 30th April 2020

2,581

NET BOOK VALUE

At 30th April 2020

678

At 30th April 2019

984

6.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

129

-

Deferred

tax

£

Charge to Income Statement during year

129

Balance at 30th April 2020

129

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

Ordinary shares

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1st May 2019

157,572

Profit for the year

155

Dividends

(4,000

)

At 30th April 2020

153,727

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mercia Psychiatric Reports Limited for the year ended 30th April 2020 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mercia Psychiatric Reports Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mercia Psychiatric Reports Limited and state those matters that we have agreed to state to the director of Mercia Psychiatric Reports Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mercia Psychiatric Reports Limited and its director for our work or for this report.

It is your duty to ensure that Mercia Psychiatric Reports Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mercia Psychiatric Reports Limited. You consider that Mercia Psychiatric Reports Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mercia Psychiatric Reports Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hollingsworth & Co Ltd

Coppice House

Halesfield 7

Telford

Shropshire

TF7 4NA

24th November 2020