Patient Choice Ltd - Accounts to registrar (filleted) - small 18.2
Patient Choice Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 January 2021 to 31 March 2022 |
| for |
| Patient Choice Ltd |
| Patient Choice Ltd (Registered number: 07758016) |
| Contents of the Financial Statements |
| for the Period 1 January 2021 to 31 March 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Patient Choice Ltd |
| Company Information |
| for the Period 1 January 2021 to 31 March 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Patient Choice Ltd (Registered number: 07758016) |
| Balance Sheet |
| 31 March 2022 |
| 2022 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Patient Choice Ltd (Registered number: 07758016) |
| Balance Sheet - continued |
| 31 March 2022 |
| 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 |
| Patient Choice Ltd (Registered number: 07758016) |
| Notes to the Financial Statements |
| for the Period 1 January 2021 to 31 March 2022 |
| 1. | STATUTORY INFORMATION |
| Patient Choice Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises revenue recognised by the company in respect of specialist prescriptions supplied during the period, exclusive of Value Added Tax and trade discounts. |
| Intangible fixed assets and amortisation |
| The original purchase of the business included the Licence to operate as a Dispensing Application Contractor.The asset has a residual value deemed at £90,000. In the year the amortisation previously charged on the intangible asset has been reversed in full. The intangible asset remains to be amortised over its estimated economical life of 25 years after considering for its residual value. |
| Tangible fixed assets and depreciation |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
| Office & Computer Equipment | 33% straight line |
| Fixtures & Fittings | 20% straight line |
| Stocks |
| Stocks are values at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes direct costs. |
| Taxation |
| Taxation for the period 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 period 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. |
| Patient Choice Ltd (Registered number: 07758016) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2021 to 31 March 2022 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| Going concern |
| After reviewing the company forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 5. | INTANGIBLE FIXED ASSETS |
| DAC |
| licence |
| £ |
| COST |
| At 1 January 2021 |
| and 31 March 2022 |
| AMORTISATION |
| At 1 January 2021 |
| Charge written back | (31,512 | ) |
| At 31 March 2022 |
| NET BOOK VALUE |
| At 31 March 2022 |
| At 31 December 2020 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 January 2021 |
| Additions |
| At 31 March 2022 |
| DEPRECIATION |
| At 1 January 2021 |
| Charge for period |
| At 31 March 2022 |
| NET BOOK VALUE |
| At 31 March 2022 |
| At 31 December 2020 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| Patient Choice Ltd (Registered number: 07758016) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2021 to 31 March 2022 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
| During the year the company continued with a factoring agreement on the NHS debtors. |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Social security and other taxes | ( |
) |
| VAT | 46,102 | 16,248 |
| Other creditors |
| Other loan | - | 37,644 |
| Directors' current accounts | 15,177 | 40,467 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2020 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 3,333 |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2022 | 2020 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is N Basil. |