Bristol Urology Associates Ltd - Period Ending 2014-09-30

Registration number: 04283855

Bristol Urology Associates Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

CV Ross & Co Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Bristol Urology Associates Ltd
(Registration number: 04283855)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					22,960			19,903
Current assets
Stock and work in progress					14,373			15,658
Debtors					329,792			214,879
Cash at bank and in hand					79,810			177,788
					423,975			408,325
Creditors: Amounts falling due within one year					(161,894)			(139,912)
Net current assets					262,081			268,413
Total assets less current liabilities					285,041			288,316
Provisions for liabilities					(3,669)			(3,417)
Net assets					281,372			284,899
Capital and reserves
Called up share capital					1,000			1,000
Profit and loss account					280,372			283,899
Shareholders' funds					281,372			284,899

The notes on pages 3 to 5 form an integral part of these financial statements.
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Bristol Urology Associates Ltd
(Registration number: 04283855)
Abbreviated Balance Sheet at 30 September 2014
......... continued

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 June 2015 and signed on its behalf by:

.........................................
Mr M Wright
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
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Bristol Urology Associates Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful lives as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line over 10 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful lives as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	25% on reducing balance
Plant and machinery	25% on reducing balance
Fixtures and fittings	25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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Bristol Urology Associates Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2013		30,000			151,037			181,037
Additions		-			10,718			10,718
At 30 September 2014		30,000			161,755			191,755
Depreciation
At 1 October 2013		30,000			131,134			161,134
Charge for the year		-			7,661			7,661
At 30 September 2014		30,000			138,795			168,795
Net book value
At 30 September 2014		-			22,960			22,960
At 30 September 2013		-			19,903			19,903

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Bristol Urology Associates Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

3	Related party transactions

Directors' advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
Mr M Wright
Balance owed to/(by) the director	(13,477)	-	(24,401)	-
Mr R Persad
Balance owed to/(by) the director	(15,372)	-	(26,296)	-
Mr T Whittlestone
Balance owed to/(by) the director	(13,347)	-	(16,729)	-
Mr A Koupparis
Amount owed to/(by) the director	(8,662)	-	-	-

Other related party transactions

During the year the company made the following related party transactions:

Mr T Whittlestone (Director) During the year consultancy fees of £1,110 (2013: £2,570) were paid to the director . At the balance sheet date the amount due to Mr T Whittlestone was £nil (2013 - £nil).

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