Colorectal Specialists Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09614674 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2022

for

Colorectal Specialists Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Navaratnam

Mrs P C Navaratnam

REGISTERED OFFICE:

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

REGISTERED NUMBER:

09614674 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

FIXED ASSETS

Tangible assets

4

-

792

CURRENT ASSETS

Debtors

5

514,343

102,418

Cash at bank

329,822

549,499

844,165

651,917

CREDITORS

Amounts falling due within one year

6

130,305

115,143

NET CURRENT ASSETS

713,860

536,774

TOTAL ASSETS LESS CURRENT LIABILITIES

713,860

537,566

CREDITORS

Amounts falling due after more than one year

7

40,239

-

NET ASSETS

673,621

537,566

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

673,521

537,466

SHAREHOLDERS' FUNDS

673,621

537,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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 27 February 2023 and were signed on its behalf by:

R M Navaratnam - Director

1.	STATUTORY INFORMATION

Colorectal Specialists Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents trading income accrued during the period shown by these financial statements.

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 etc

-

33% Straight Line

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 balance sheet date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2021

and 31 May 2022

2,375

DEPRECIATION

At 1 June 2021

1,583

Charge for year

792

At 31 May 2022

2,375

NET BOOK VALUE

At 31 May 2022

-

At 31 May 2021

792

5.

DEBTORS

2022

2021

£

£

Amounts falling due within one year:

Trade debtors

164,043

102,418

Other debtors

77,100

-

241,143

102,418

Amounts falling due after more than one year:

Amounts owed by associates

248,432

-

Other debtors

24,768

-

273,200

-

Aggregate amounts

514,343

102,418

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

126,587

80,707

Other creditors

3,718

34,436

130,305

115,143

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

40,239

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

40,239

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2022 and 31 May 2021:

2022

2021

£

£

R M Navaratnam and Mrs P C Navaratnam

Balance outstanding at start of year

-

-

Amounts advanced

77,100

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

77,100

-