The Oval GP Surgery Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12277571 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

The Oval GP Surgery Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Tangible assets

4

13,708

11,479

CURRENT ASSETS

Debtors

5

3,840

2,301

Cash at bank

137,598

179,483

141,438

181,784

CREDITORS

Amounts falling due within one year

6

57,030

79,167

NET CURRENT ASSETS

84,408

102,617

TOTAL ASSETS LESS CURRENT LIABILITIES

98,116

114,096

CREDITORS

Amounts falling due after more than one year

7

-

7,388

NET ASSETS

98,116

106,708

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

98,016

106,608

SHAREHOLDERS' FUNDS

98,116

106,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 19 December 2023 and were signed by:

Dr J S Dhariwal - Director

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 (2022 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2022

12,350

-

513

12,863

Additions

3,617

816

1,371

5,804

At 31 March 2023

15,967

816

1,884

18,667

DEPRECIATION

At 1 April 2022

1,215

-

169

1,384

Charge for year

2,998

129

448

3,575

At 31 March 2023

4,213

129

617

4,959

NET BOOK VALUE

At 31 March 2023

11,754

687

1,267

13,708

At 31 March 2022

11,135

-

344

11,479

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

240

-

Prepayments

3,600

2,301

3,840

2,301

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

22,570

38,365

Tax

25,140

17,575

Social security and other taxes

-

4,186

Other creditors

7,850

17,521

Directors' current accounts

270

320

Accrued expenses

1,200

1,200

57,030

79,167

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Other creditors

-

7,388

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary

£1

100

100

9.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, financial commitments connected to operating leases existed totalling £230,417 (2022 - £265,417).

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.