ACCOUNTS - Final Accounts

SHARE CAPITAL

SHARES CLASSIFIED AS EQUITY

DR PAUL AYLARD PSYCHIATRIC CONSULTANCY LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-04-302017-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseProvision of psychiatric services and assessments.false2016-05-01 06797501 2016-05-01 2017-04-30 06797501 c:KeyManagementIndividualGroup1 2016-05-01 2017-04-30 06797501 c:KeyManagementIndividualGroup1 2017-04-30 06797501 2015-05-01 2016-04-30 06797501 2017-04-30 06797501 2016-04-30 06797501 d:Director1 2016-05-01 2017-04-30 06797501 c:FurnitureFittings 2016-05-01 2017-04-30 06797501 c:FurnitureFittings 2017-04-30 06797501 c:FurnitureFittings 2016-04-30 06797501 c:FurnitureFittings c:OwnedOrFreeholdAssets 2016-05-01 2017-04-30 06797501 c:ComputerEquipment 2016-05-01 2017-04-30 06797501 c:ComputerEquipment 2017-04-30 06797501 c:ComputerEquipment 2016-04-30 06797501 c:ComputerEquipment c:OwnedOrFreeholdAssets 2016-05-01 2017-04-30 06797501 c:OwnedOrFreeholdAssets 2016-05-01 2017-04-30 06797501 c:CurrentFinancialInstruments 2017-04-30 06797501 c:CurrentFinancialInstruments 2016-04-30 06797501 c:CurrentFinancialInstruments c:WithinOneYear 2017-04-30 06797501 c:CurrentFinancialInstruments c:WithinOneYear 2016-04-30 06797501 c:ShareCapital 2017-04-30 06797501 c:ShareCapital 2016-04-30 06797501 c:RetainedEarningsAccumulatedLosses 2017-04-30 06797501 c:RetainedEarningsAccumulatedLosses 2016-04-30 06797501 d:OrdinaryShareClass1 2016-05-01 2017-04-30 06797501 d:OrdinaryShareClass1 2017-04-30 06797501 d:FRS102 2016-05-01 2017-04-30 06797501 d:AuditExempt-NoAccountantsReport 2016-05-01 2017-04-30 06797501 d:FullAccounts 2016-05-01 2017-04-30 06797501 d:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06797501

DR PAUL AYLARD PSYCHIATRIC CONSULTANCY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2017

DR PAUL AYLARD PSYCHIATRIC CONSULTANCY LIMITED

REGISTERED NUMBER:06797501

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2017

		2017		2016
Note		£		£

Fixed assets
Tangible assets	4		143		307
			143		307
Current assets
Debtors: amounts falling due within one year	5	131,737		132,859
Cash at bank and in hand		235,890		182,289
		367,627		315,148
Creditors: amounts falling due within one year	6	(100,796)		(68,186)
Net current assets			266,831		246,962
Total assets less current liabilities			266,974		247,269

Net assets			266,974		247,269

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DR PAUL AYLARD PSYCHIATRIC CONSULTANCY LIMITED

REGISTERED NUMBER:06797501

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2017

	2017	2016
Note	£	£

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		266,874	247,169
		266,974	247,269

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Dr P Aylard

Director

Date: 29 November 2017

The notes on pages 3 to 7 form part of these financial statements.

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DR PAUL AYLARD PSYCHIATRIC CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

1.	GENERAL INFORMATION

Dr Paul Aylard Psychiatric Consultancy Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06797501 and registered office address is Litfield House Medical Centre, 1 Litfield Place, Clifton Down, Bristol, BS8 3LS.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

REVENUE

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	20%	Straight line
				Computer equipment	-	33%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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DR PAUL AYLARD PSYCHIATRIC CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

2.ACCOUNTING POLICIES (continued)

2.5

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.6

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

FINANCE COSTS

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.9

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

2.10

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

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DR PAUL AYLARD PSYCHIATRIC CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

2.ACCOUNTING POLICIES (continued)

2.11

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2016: 3).

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DR PAUL AYLARD PSYCHIATRIC CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

4.	TANGIBLE FIXED ASSETS

	Fixtures and fittings	Computer equipment	Total
	£	£	£
COST OR VALUATION
At 1 May 2016	400	3,621	4,021
At 30 April 2017	400	3,621	4,021
DEPRECIATION
At 1 May 2016	373	3,341	3,714
Charge for the year on owned assets	27	137	164
At 30 April 2017	400	3,478	3,878
NET BOOK VALUE
At 30 April 2017	-	143	143
At 30 April 2016	27	280	307

DEBTORS

					2017	2016
					£	£


Trade debtors	130,859	131,410
Prepayments and accrued income	878	1,449
	131,737	132,859

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2017	2016
		£	£

Trade creditors	2,056	1,369
Corporation tax	52,524	22,359
Other taxation and social security	35,721	33,945
Other creditors	6,701	6,701
Accruals and deferred income	3,794	3,812
	100,796	68,186

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DR PAUL AYLARD PSYCHIATRIC CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

ALLOTTED, CALLED UP AND FULLY PAID

100 Ordinary shares of £1 each	100	100

8.	RELATED PARTY TRANSACTIONS
	Included within other creditors is an amount owing to the director of £6,701 (2016: £6,701). The loan is unsecured, interest free and repayable on demand.

9.	FIRST TIME ADOPTION OF FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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