Surrey Cardiology Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06323045 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2020

for

Surrey Cardiology Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr A K Vasudeva

SECRETARY:

Mrs M Vasudeva

REGISTERED OFFICE:

1 Sandy Lane

Petersham

Surrey

TW10 7EW

REGISTERED NUMBER:

06323045 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,340

4,944

5,340

4,944

CURRENT ASSETS

Debtors

6

40,961

33,026

Cash at bank

95,835

27,082

136,796

60,108

CREDITORS

Amounts falling due within one year

7

60,022

78,170

NET CURRENT ASSETS/(LIABILITIES)

76,774

(18,062

)

TOTAL ASSETS LESS CURRENT LIABILITIES

82,114

(13,118

)

CREDITORS

Amounts falling due after more than one year

8

50,000

-

NET ASSETS/(LIABILITIES)

32,114

(13,118

)

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

32,106

(13,120

)

SHAREHOLDERS' FUNDS

32,114

(13,118

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 27 April 2021 and were signed by:

Dr A K Vasudeva - Director

1.	STATUTORY INFORMATION

Surrey Cardiology 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 represents trading income accrued during the period shown by these financial statements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three 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 it's estimated useful life.

Computer equipment - 33% on cost

Fixtures and fittings - 25% reducing balance

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 4 (2019 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2019

and 31 July 2020

348,000

AMORTISATION

At 1 August 2019

and 31 July 2020

348,000

NET BOOK VALUE

At 31 July 2020

-

At 31 July 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2019

14,853

16,799

31,652

Additions

450

2,431

2,881

At 31 July 2020

15,303

19,230

34,533

DEPRECIATION

At 1 August 2019

10,344

16,364

26,708

Charge for year

1,240

1,245

2,485

At 31 July 2020

11,584

17,609

29,193

NET BOOK VALUE

At 31 July 2020

3,719

1,621

5,340

At 31 July 2019

4,509

435

4,944

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

40,541

33,026

Other debtors

420

-

40,961

33,026

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

51,977

74,517

Other creditors

8,045

3,653

60,022

78,170

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

50,000

-