Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueCornerways Medical Centre Limited060633502016-03-311274536552112755465622101101127554656221275546562212101258776207156171718328168230494182801149428145367810666542684665426846Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts receivable in respect of medical services provided during the period.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Fixtures & FittingsMethod for Fixtures & fittings0.0000201701932085013628124741154201701932085013628124741154Ordinary A1001100100Ordinary B1111Ordinary A1100100100Ordinary B1111During the period, Dr Maassarani & Partners Limited, a company under the control of Dr F Maassarani, provided locum and medical management services to the company, to the value of £80,917 (2015 - £68,990). The provision of these services was on an arms length basis.
The company paid dividends of £40,000 (2015 - £40,000)to a director during the period.2016-12-21Dr F Maassaranitruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCornerways Medical Centre Limited2015-04-012016-03-31Cornerways Medical Centre Limited2013-12-312015-03-31Cornerways Medical Centre Limited2013-12-30Cornerways Medical Centre Limited2015-03-31Cornerways Medical Centre Limited2015-03-31Cornerways Medical Centre Limited2016-03-31 2016-12-21
