Northampton Gastroenterology Ltd
Northampton Gastroenterology Ltd
Registered number: 08355789
Unaudited Financial Statements
For The Year Ended
31 January 2023
Michael Paul Accountants Limited
Northampton Gastroenterology Ltd
Unaudited Financial Statements
For The Year Ended
31 January 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—5 |
Page 1
Northampton Gastroenterology Ltd
Accountant's Report
For The Year Ended
31 January 2023
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of
Northampton Gastroenterology Ltd
for the year ended 31 January 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of
Northampton Gastroenterology Ltd
which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of
Northampton Gastroenterology Ltd
, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of
Northampton Gastroenterology Ltd
and state those matters that we have agreed to state to the directors of
Northampton Gastroenterology Ltd
, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Northampton Gastroenterology Ltd
and its directors as a body for our work or for this report.
It is your duty to ensure that
Northampton Gastroenterology Ltd
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Northampton Gastroenterology Ltd
. You consider that
Northampton Gastroenterology Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of
Northampton Gastroenterology Ltd
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
| Signed |
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A member of the Association of Chartered Certified Accountants
Studio 2, Lamport Manor Old Road
Lamport
Northampton
Nothamptonshire
NN6 9HF
Page 1
Page 2
Northampton Gastroenterology Ltd
Balance Sheet
As At
31 January 2023
Balance Sheet
Registered number:
08355789
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | - |
( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 794,303 | 721,691 | |||
Page 2
Page 3
Northampton Gastroenterology Ltd
Balance Sheet (continued)
As At
31 January 2023
On behalf of the board
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Director
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The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Northampton Gastroenterology Ltd
Notes to the Financial Statements
For The Year Ended
31 January 2023
Notes to the Financial Statements
1.
General Information
Northampton Gastroenterology Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
08355789
. The registered office is Studio 2 Lamport Manor, Old Road Lamport, Northampton, Northamptonshire, NN6 9HF.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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2.4.
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 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.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2022: 3)
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Page 5
Northampton Gastroenterology Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 January 2023
4.
Tangible Assets
| Plant & Machinery etc. | |
|---|---|
| £ | |
| Cost | |
| As at
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| Additions |
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| As at
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |
| As at
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| As at
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5.
Debtors
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | 18,382 | 12,200 | |
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6.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 2,170 | 1,581 | |
| Taxation and social security |
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7.
Share Capital
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
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8.
Related Party Transactions
At the balance sheet date the amounts owed through loans to family members was £17,114 (2022: £11,114).
Page 5