Paraesthetic Surgical Limited - Period Ending 2020-07-31

Paraesthetic Surgical Limited

Contents

Accountants' Report	1
Balance Sheet	2

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Paraesthetic Surgical Limited
for the Year Ended 31 July 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paraesthetic Surgical Limited for the year ended 31 July 2020 as set out on pages 2 to 4 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 at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Paraesthetic Surgical Limited, as a body, in accordance with the terms of our engagement letter dated 29 July 2016. Our work has been undertaken solely to prepare for your approval the accounts of Paraesthetic Surgical Limited and state those matters that we have agreed to state to the Board of Directors of Paraesthetic Surgical Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paraesthetic Surgical Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Paraesthetic Surgical Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Paraesthetic Surgical Limited. You consider that Paraesthetic Surgical 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 accounts of Paraesthetic Surgical 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 accounts.

Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

29 March 2021

Paraesthetic Surgical Limited

(Registration number: 10294283)
Balance Sheet as at 31 July 2020

		2020 £	2019 £
Fixed assets		535	1,037
Current assets		32,722	51,837
Creditors: Amounts falling due within one year		(12,709)	(27,582)
Net current assets		20,013	24,255
Total assets less current liabilities		20,548	25,292
Accruals and deferred income		(1,320)	(2,139)
		19,228	23,153
Capital and reserves		19,228	23,153

Paraesthetic Surgical Limited

(Registration number: 10294283)
Balance Sheet as at 31 July 2020 (continued)

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Clint Mill
Cornmarket
PENRITH
CA11 7HW

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2019 - 2).

3	Related party transactions

Transactions with directors

2020	At 1 August 2019 £	Advances £	Repayments £	Dividends credited £	Interest £	At 31 July 2020 £
Dr R Lohana
Loan	11,583	12,500	(9,802)	(3,465)	287	11,103
Dr P Lohana
Loan	-	12,473	(11,438)	(1,035)	-	-

2019	At 1 August 2018 £	Advances £	Repayments £	Dividends credited £	Interest £	At 31 July 2019 £
Dr R Lohana
Loan	-	49,624	(2,706)	(35,583)	248	11,583

Directors' advances are repayable on demand.

Interest has been charged at a rate of 2.5% and 2.25% on advances to directors.

Paraesthetic Surgical Limited

(Registration number: 10294283)
Balance Sheet as at 31 July 2020 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 29 March 2021 and signed on its behalf by:
 

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Dr P Lohana
Director

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Dr R Lohana
Director