Petkar Pathology Associates Limited Filleted accounts for Companies House (small and micro)
Petkar Pathology Associates Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07213727
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Abridged Financial Statements |
Year ended 30 April 2020
Contents |
Page |
Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements |
1 |
Abridged statement of financial position |
2 |
Notes to the abridged financial statements |
4 |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year ended 30 April 2020
151 Askew Road
London
W12 9AU
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Abridged Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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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 abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
20 January 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
07213727
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Notes to the Abridged Financial Statements |
Year ended 30 April 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 151 Askew Road, London, W12 9AU.
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.
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
Equipment |
- |
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Impairment of fixed assets
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Intangible assets
£ |
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Cost |
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At 1 May 2019 and 30 April 2020 |
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Amortisation |
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At 1 May 2019 and 30 April 2020 |
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Carrying amount |
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At 30 April 2020 |
– |
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At 30 April 2019 |
– |
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5.
Tangible assets
£ |
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Cost |
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At 1 May 2019 and 30 April 2020 |
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Depreciation |
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At 1 May 2019 |
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Charge for the year |
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At 30 April 2020 |
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Carrying amount |
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At 30 April 2020 |
101,411 |
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At 30 April 2019 |
101,675 |
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6.
Director's advances, credits and guarantees
At the year end the company owed the director
Dr M Petkar
£25,617(2019: £25,604).
7.
Related party transactions
During the year the company paid £NIL (2019: £4,000) in dividends to the director & shareholders.