QC Medica LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC423509 (England and Wales)

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2021

for

QC Medica LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Dr P G Martin

Mrs A Martin

REGISTERED OFFICE:

88 Principal Rise

York

YO24 1UF

REGISTERED NUMBER:

OC423509 (England and Wales)

ACCOUNTANTS:

Peckitt Ogden & Co

Chartered Certified Accountants

8 Marsden Park

James Nicolson Link

Clifton Moor

York

YO30 4WX

FIXED ASSETS

Tangible assets

4

854

448

CURRENT ASSETS

Debtors

97,555

1,501

Cash at bank

4,009

45,819

101,564

47,320

CREDITORS

Amounts falling due within one year

1,240

676

NET CURRENT ASSETS

100,324

46,644

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

101,178

47,092

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

101,178

47,092

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

101,178

47,092

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2021.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 14 December 2021 and were signed by:

Dr P G Martin - Designated member

Mrs A Martin - Designated member

1.	STATUTORY INFORMATION

QC Medica LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

1,345

Additions

1,201

At 31 March 2021

2,546

DEPRECIATION

At 1 April 2020

897

Charge for year

795

At 31 March 2021

1,692

NET BOOK VALUE

At 31 March 2021

854

At 31 March 2020

448

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2021

2020

£

£

Amounts owed to members in respect of profits

101,178

47,092

Falling due within one year

101,178

47,092

Unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.