ACCOUNTS - Final Accounts

OCR MEDICAL LIMITED - Company Information

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Registered number: 09198309

OCR MEDICAL LIMITED

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2021

OCR MEDICAL LIMITED

Company Information

Directors	Dr L O'Connor-Read
	Dr R O'Connor-Read


Registered number	09198309


Registered office	14 Endcliffe Rise Road
	Sheffield
	South Yorkshire
	S11 8RU

OCR MEDICAL LIMITED

Registered number: 09198309

Balance sheet

As at 30 September 2021

		2021		2020
Note		£		£


Current assets
Cash at bank and in hand	22,300		49,245
	22,300		49,245
Creditors: amounts falling due within one year	(834)		(26,628)
Net current assets		21,466		22,617
Total assets less current liabilities		21,466		22,617
Net assets		21,466		22,617

Capital and reserves
Called up share capital	100	100
Profit and loss account	21,366	22,517
	21,466	22,617

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 on 23 February 2022.

Dr L O'Connor-Read

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

OCR MEDICAL LIMITED

Notes to the financial statements

For the year ended 30 September 2021

1.	General information

OCR Medical Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwiase stated.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

2.2

Interest income

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

2.3

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.

2.4

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.

2.5

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.

2.6

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 2 (2020 -2).

Page 2

OCR MEDICAL LIMITED

Notes to the financial statements

For the year ended 30 September 2021

4.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	22,300	49,245
	22,300	49,245

5.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

100 (2020 -100) Ordinary shares of £1.00 each	100	100

6.	Related party transactions
	The company operates a directors current account with the directors. The amount owed to the directors at the financial year end was £414 (2020: £4,414).

Page 3