ACCOUNTS - Final Accounts

FLEET HEALTHCARE (GRAVESEND) LTD - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-06-292021-06-29No description of principal activitytrue2020-06-30false424trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06683972 2020-06-30 2021-06-29 06683972 2019-04-01 2020-06-29 06683972 2021-06-29 06683972 2020-06-29 06683972 c:Director9 2020-06-30 2021-06-29 06683972 d:FurnitureFittings 2020-06-30 2021-06-29 06683972 d:OfficeEquipment 2020-06-30 2021-06-29 06683972 d:CurrentFinancialInstruments 2021-06-29 06683972 d:CurrentFinancialInstruments 2020-06-29 06683972 d:CurrentFinancialInstruments d:WithinOneYear 2021-06-29 06683972 d:CurrentFinancialInstruments d:WithinOneYear 2020-06-29 06683972 d:ShareCapital 2021-06-29 06683972 d:ShareCapital 2020-06-29 06683972 d:CapitalRedemptionReserve 2020-06-30 2021-06-29 06683972 d:CapitalRedemptionReserve 2021-06-29 06683972 d:CapitalRedemptionReserve 2020-06-29 06683972 d:RetainedEarningsAccumulatedLosses 2020-06-30 2021-06-29 06683972 d:RetainedEarningsAccumulatedLosses 2021-06-29 06683972 d:RetainedEarningsAccumulatedLosses 2020-06-29 06683972 c:FRS102 2020-06-30 2021-06-29 06683972 c:AuditExempt-NoAccountantsReport 2020-06-30 2021-06-29 06683972 c:FullAccounts 2020-06-30 2021-06-29 06683972 c:PrivateLimitedCompanyLtd 2020-06-30 2021-06-29 06683972 2 2020-06-30 2021-06-29 06683972 6 2020-06-30 2021-06-29 iso4217:GBP xbrli:pure

Registered number: 06683972

FLEET HEALTHCARE (GRAVESEND) LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 JUNE 2021


FLEET HEALTHCARE (GRAVESEND) LTD REGISTERED NUMBER:06683972

BALANCE SHEET

AS AT 29 JUNE 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		249,536		219,567
			249,536		219,567
Current assets
Debtors: amounts falling due within one year	5	9,077		239,493
Cash at bank and in hand	6	210,369		231,751
		219,446		471,244
Creditors: amounts falling due within one year	7	(27,947)		(272,612)
Net current assets			191,499		198,632

Net assets			441,035		418,199

Capital and reserves
Called up share capital		3	3
Capital redemption reserve	8	10	10
Profit and loss account	8	441,022	418,186
		441,035	418,199

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FLEET HEALTHCARE (GRAVESEND) LTD REGISTERED NUMBER:06683972

BALANCE SHEET (CONTINUED)

AS AT 29 JUNE 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Dr Sewell

Director

Date: 19 August 2022

The notes on pages 3 to 7 form part of these financial statements.

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FLEET HEALTHCARE (GRAVESEND) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2021

1.	General information

Fleet Healthcare (Gravesend) Ltd is a private company limited by shares, incorporated in England and Wales, registered number 06683972. The registered office is MHA MacIntyre Hudson, Peterbridge House, 3 The Lakes, Northampton, Northamptonshire, NN4 7HB. The principal place of business is White Horse Surgery, Vale Road, Northfleet, Kent, DA11 8BZ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The directors consider that the company will continue in operational existence for the foreseeable
future and accordingly the financial statements are prepared on the going concern basis.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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FLEET HEALTHCARE (GRAVESEND) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2021

2.Accounting policies (continued)

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Multi-employer pension plan

The Company is a member of a multi-employer plan. Where it is not possible for the Company to obtain sufficient information to enable it to account for the plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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FLEET HEALTHCARE (GRAVESEND) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2021

2.Accounting policies (continued)

2.8

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Fixtures & fittings	-	25%
				Computer	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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FLEET HEALTHCARE (GRAVESEND) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2021

2.Accounting policies (continued)

2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 24).

4.	Fixed asset investments

	Listed investments	Unlisted investments	Total
	£	£	£
Cost or valuation
At 30 June 2020	215,417	4,150	219,567
Revaluations	29,969	-	29,969
At 29 June 2021	245,386	4,150	249,536

Debtors

					2021	2020
					£	£


Trade debtors	-	56,290
Other debtors	9,077	183,203
	9,077	239,493

6.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	210,369	231,751
	210,369	231,751

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FLEET HEALTHCARE (GRAVESEND) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2021

7.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Trade creditors	349	55,599
Corporation tax	12,954	-
Accruals and deferred income	14,644	217,013
	27,947	272,612

Reserves

Capital redemption reserve

Represents the nominal value of shares repurchased by the Company.

Profit & loss account

Includes all current and prior period retained profits and losses.

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