Smart Medical Clinics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08761185 (England and Wales)

Financial Statements for the Year Ended 30 April 2020

for

Smart Medical Clinics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G H Barnes

Dr K O'Brien

M Parker

Dr M Spira

Dr M Dace

Ms S Nieciecka

SECRETARY:

REGISTERED OFFICE:

Babs-Park

Blind Lane

Bourne End

SL8 5LF

REGISTERED NUMBER:

08761185 (England and Wales)

ACCOUNTANTS:

Graeme Bruce & Partners

Chartered Accountants

940 Green Lanes

London

N21 2AD

FIXED ASSETS

Tangible assets

4

1,265,883

490,864

CURRENT ASSETS

Stocks

147,183

464,174

Debtors

5

89,548

404,495

Cash at bank and in hand

2,419

117,295

239,150

985,964

CREDITORS

Amounts falling due within one year

6

269,255

932,689

NET CURRENT (LIABILITIES)/ASSETS

(30,105

)

53,275

TOTAL ASSETS LESS CURRENT LIABILITIES

1,235,778

544,139

CREDITORS

Amounts falling due after more than one year

7

(179,234

)

-

PROVISIONS FOR LIABILITIES

(215,919

)

(93,264

)

NET ASSETS

840,625

450,875

CAPITAL AND RESERVES

Called up share capital

120,000

120,000

Retained earnings

720,625

330,875

840,625

450,875

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

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

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2021 and were signed on its behalf by:

M Parker - Director

G H Barnes - Director

1.	STATUTORY INFORMATION

Smart Medical Clinics 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.

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.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 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.

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 year was 24 (2019 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

757,306

Additions

1,158,100

At 30 April 2020

1,915,406

DEPRECIATION

At 1 May 2019

266,442

Charge for year

383,081

At 30 April 2020

649,523

NET BOOK VALUE

At 30 April 2020

1,265,883

At 30 April 2019

490,864

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

-

46,584

Other debtors

89,548

357,911

89,548

404,495

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Bank loans and overdrafts

49,902

49,283

Trade creditors

(1

)

449,742

Taxation and social security

51,664

92,436

Other creditors

167,690

341,228

269,255

932,689

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.20

30.4.19

£

£

Hire purchase contracts

179,234

-