GTD Primary Care Limited - Accounts to registrar (filleted) - small 22.3

GTD Primary Care Limited - Accounts to registrar (filleted) - small 22.3

GTD PRIMARY CARE LIMITED - Company Information

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REGISTERED NUMBER: 06504010 (England and Wales)















GTD PRIMARY CARE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022





DTE Business Advisers Limited
Chartered Accountants
Statutory Auditors
The Exchange
5 Bank Street
Bury
BL9 0DN








GTD PRIMARY CARE LIMITED (REGISTERED NUMBER: 06504010)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GTD PRIMARY CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: R Hartley
C Greenhough
B Lewis



SECRETARY: D Beckett



REGISTERED OFFICE: New Century House
Progress Way
Denton
Manchester
M34 2GP



REGISTERED NUMBER: 06504010 (England and Wales)



AUDITORS: DTE Business Advisers Limited
Chartered Accountants
Statutory Auditors
The Exchange
5 Bank Street
Bury
BL9 0DN



BANKERS: Barclays Bank plc
25 High Street
Oldham
Lancashire
OL1 3AZ
1
GTD PRIMARY CARE LIMITED (REGISTERED NUMBER: 06504010)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 674,141 682,056
Cash at bank and in hand 6,650 10,904
680,791 692,960
CREDITORS
Amounts falling due within one year 5 (630,183 ) (642,352 )
NET CURRENT ASSETS 50,608 50,608
TOTAL ASSETS LESS CURRENT
LIABILITIES
50,608
50,608

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 50,607 50,607
SHAREHOLDERS' FUNDS 50,608 50,608

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 Board of Directors and authorised for issue on 24 November 2022 and were signed on its behalf by:





B Lewis - Director


The notes form part of these financial statements

2
GTD PRIMARY CARE LIMITED (REGISTERED NUMBER: 06504010)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. 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.

Going concern
The company did not trade in the current or prior year and as at 31 March 2022 it had net assets of £50,608 (2021: £50,608).

A fellow group undertaking has provided a formal agreement that it will continue to support the company should this be required.

The directors have considered the impact of the Covid pandemic on the operations of the company, as the company has ceased trading the directors do not anticipate any adverse impact to arise within the 12 month period following the approval of the accounts.

Based on the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the period of time trading is intended. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Significant accounting estimates and judgements
There are currently no significant judgements and estimates applied by the directors which are considered key to the preparation of the financial statements.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

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 income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Taxation
Taxation for the year 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 statement of financial position date.


3 continued...
GTD PRIMARY CARE LIMITED (REGISTERED NUMBER: 06504010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


1. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company's employees and the GPs who provide services to the company are eligible to join the NHS Superannuation scheme. This is a defined benefit scheme but as it is a multi-employer scheme and the employer's contributions are set in relation to the current service period only, the contributions to the scheme are accounted for as if it were a defined contribution scheme.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2021
and 31 March 2022 421,781
AMORTISATION
At 1 April 2021
and 31 March 2022 421,781
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 632,556 640,471
Other debtors 41,585 41,585
674,141 682,056

4 continued...
GTD PRIMARY CARE LIMITED (REGISTERED NUMBER: 06504010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 190,319 190,319
Taxation and social security - 3,975
Other creditors 439,864 448,058
630,183 642,352

6. SECURED DEBTS

There is a fixed and floating charge by way of a debenture over all of the assets of the company by way of a cross guarantee with Gotodoc Limited, GTD GMS Limited and GTD Health Holdings Limited.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Bell FCCA (Senior Statutory Auditor)
for and on behalf of DTE Business Advisers Limited

8. PENSION COMMITMENTS

The company's employees and the GP's who provide services to the company are eligible to join the NHS Superannuation Scheme. The pension charge represents contributions payable to the scheme in the year and amounted to £nil (2021: £nil).

Included within creditors due within one year is a balance of £299,789 (2021: £298,970) in respect of net contributions collected but not yet paid over to the scheme and overpaid to the scheme.

9. ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is GTD Healthcare Limited, a company incorporated and registered in England and Wales. The results of the company are included within the consolidated financial statements of GTD Healthcare Limited, copies of which can be obtained from companies house. The registered office of the company is New Century House Progress Way, Denton, Manchester, England, M34 2GP.

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