The Oval GP Surgery Ltd - Accounts to registrar (filleted) - small 22.3

The Oval GP Surgery Ltd - Accounts to registrar (filleted) - small 22.3

THE OVAL GP SURGERY LTD - Company Information

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REGISTERED NUMBER: 12277571 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2022

for

The Oval GP Surgery Ltd
The Oval GP Surgery Ltd (Registered number: 12277571)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Oval GP Surgery Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Dr J S Dhariwal





REGISTERED OFFICE: Walnut Tree House Court Lane
Burnham
Slough
Buckinghamshire
SL1 8DN





REGISTERED NUMBER: 12277571 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY
Page 1
The Oval GP Surgery Ltd (Registered number: 12277571)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,479 112

CURRENT ASSETS
Debtors 5 2,301 1,887
Cash at bank 179,483 183,678
181,784 185,565
CREDITORS
Amounts falling due within one year 6 79,167 134,202
NET CURRENT ASSETS 102,617 51,363
TOTAL ASSETS LESS CURRENT LIABILITIES 114,096 51,475

CREDITORS
Amounts falling due after more than one year 7 7,388 -
NET ASSETS 106,708 51,475

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 106,608 51,375
SHAREHOLDERS' FUNDS 106,708 51,475

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

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

The director acknowledges his 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 director and authorised for issue on 24 March 2023 and were signed by:





Dr J S Dhariwal - Director


The notes form part of these financial statements

Page 2
The Oval GP Surgery Ltd (Registered number: 12277571)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

The Oval GP Surgery 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 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 - Straight line over 5 years
Computer equipment - Straight line over 3 years

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.

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 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.

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 10 (2021 - 11 ) .

Page 3 continued...
The Oval GP Surgery Ltd (Registered number: 12277571)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2021 - 134 134
Additions 12,350 379 12,729
At 31 March 2022 12,350 513 12,863
DEPRECIATION
At 1 April 2021 - 22 22
Charge for year 1,215 147 1,362
At 31 March 2022 1,215 169 1,384
NET BOOK VALUE
At 31 March 2022 11,135 344 11,479
At 31 March 2021 - 112 112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors - 20
Prepayments 2,301 1,867
2,301 1,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 38,365 76,187
Tax 17,575 13,247
Social security and other taxes 4,186 4,891
Other creditors 17,521 29,194
Loan with related party - 7,532
Directors' current accounts 320 1,951
Accrued expenses 1,200 1,200
79,167 134,202

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Other creditors 7,388 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
100 Ordinary £1 - 100

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, financial commitments connected to operating leases existed totalling £265,800 (2021 - £325,500).

Page 4 continued...
The Oval GP Surgery Ltd (Registered number: 12277571)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

10. RELATED PARTY DISCLOSURES

In accordance with FRS 102, s1AC.35, the following are the categories and transactions conducted with, and balances owing to/from, related parties, where those transactions are both material and not conducted under normal market conditions.

Balances reported here are limited to those with related parties that hold a participating interest in the company, related parties in which the company holds a participating interest, and transactions with directors.

None

Unless otherwise noted, any outstanding balances outstanding are interest free, unsecured and repayable on demand.
Any necessary information to further explain a transaction is detailed here.

Page 5