Northampton Gastroenterology Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08355789 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

NORTHAMPTON GASTROENTEROLOGY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Dr M I Khan

Ms N Hayat

SECRETARY:

Ms N Hayat

REGISTERED OFFICE:

Studio 2, Lamport Manor

Old Road

Lamport

Northamptonshire

NN6 9HF

REGISTERED NUMBER:

08355789 (England and Wales)

ACCOUNTANTS:

Michael Paul Accountants Limited

Studio 2, Lamport Manor

Old Road

Lamport

Northamptonshire

NN6 9HF

FIXED ASSETS

Tangible assets

4

7,847

9,830

CURRENT ASSETS

Debtors

5

14,500

30,446

Cash at bank

410,979

327,956

425,479

358,402

CREDITORS

Amounts falling due within one year

6

27,945

37,694

NET CURRENT ASSETS

397,534

320,708

TOTAL ASSETS LESS CURRENT LIABILITIES

405,381

330,538

PROVISIONS FOR LIABILITIES

1,491

1,966

NET ASSETS

403,890

328,572

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

403,888

328,570

SHAREHOLDERS' FUNDS

403,890

328,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 October 2017 and were signed on its behalf by:

Dr M I Khan - Director

1.	STATUTORY INFORMATION

Northampton Gastroenterology 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 etc

-

25% on cost and 20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2016

19,911

Additions

2,638

At 31 January 2017

22,549

DEPRECIATION

At 1 February 2016

10,081

Charge for year

4,621

At 31 January 2017

14,702

NET BOOK VALUE

At 31 January 2017

7,847

At 31 January 2016

9,830

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

6,580

19,488

Other debtors

7,920

10,958

14,500

30,446

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Taxation and social security

26,175

35,940

Other creditors

1,770

1,754

27,945

37,694

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2017 and

31 January 2016:

31.1.17

31.1.16

£

£

Dr M I Khan

Balance outstanding at start of year

7,244

7,817

Amounts advanced

-

7,427

Amounts repaid

(7,244

)

(8,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

7,244

8.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Northampton Gastroenterology Ltd for the year ended 31 January 2017 which comprise the

Income Statement, 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 firm 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/rulebook.

This report is made solely to the Board of Directors of Northampton Gastroenterology Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Northampton Gastroenterology Ltd and state those matters that we have agreed to state to the Board of Directors of Northampton Gastroenterology Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of 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 financial statements that give a true and fair view of the assets, liabilities, financial position and profit 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 financial statements 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 statutory financial statements.

Michael Paul Accountants Limited

Studio 2, Lamport Manor

Old Road

Lamport

Northamptonshire

NN6 9HF

27 October 2017