Surrey Cardiology Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06323045 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2017

for

Surrey Cardiology Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr A K Vasudeva

SECRETARY:

Mrs M Vasudeva

REGISTERED OFFICE:

1 Sandy Lane

Petersham

Surrey

TW10 7EW

REGISTERED NUMBER:

06323045 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

FIXED ASSETS

Intangible assets

4

-

116,000

Tangible assets

5

8,513

11,536

8,513

127,536

CURRENT ASSETS

Debtors

6

56,897

20,069

Cash at bank

121,275

71,987

178,172

92,056

CREDITORS

Amounts falling due within one year

7

89,198

77,047

NET CURRENT ASSETS

88,974

15,009

TOTAL ASSETS LESS CURRENT LIABILITIES

97,487

142,545

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

97,485

142,543

SHAREHOLDERS' FUNDS

97,487

142,545

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 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 director on 3 January 2018 and were signed by:

Dr A K Vasudeva - Director

1.	STATUTORY INFORMATION

Surrey Cardiology 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 represents trading income accrued during the period shown by these financial

statements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over it's

estimated useful life.

Computer equipment - 33% on cost

Fixtures and fittings - 25% reducing balance

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 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

and 31 July 2017

348,000

AMORTISATION

At 1 August 2016

232,000

Charge for year

116,000

At 31 July 2017

348,000

NET BOOK VALUE

At 31 July 2017

-

At 31 July 2016

116,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2016

11,963

11,684

23,647

Additions

-

3,920

3,920

At 31 July 2017

11,963

15,604

27,567

DEPRECIATION

At 1 August 2016

5,128

6,983

12,111

Charge for year

1,709

5,234

6,943

At 31 July 2017

6,837

12,217

19,054

NET BOOK VALUE

At 31 July 2017

5,126

3,387

8,513

At 31 July 2016

6,835

4,701

11,536

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

54,697

20,069

Other debtors

2,200

-

56,897

20,069

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

320

Taxation and social security

79,320

74,199

Other creditors

9,878

2,528

89,198

77,047