Medicentres Limited - Accounts to registrar (filleted) - small 17.3
Medicentres Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2017 |
| FOR |
| MEDICENTRES LIMITED |
| MEDICENTRES LIMITED (REGISTERED NUMBER: 01377934) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| MEDICENTRES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 July 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Douglas Bank House |
| Wigan Lane |
| Wigan |
| Lancashire |
| WN1 2TB |
| MEDICENTRES LIMITED (REGISTERED NUMBER: 01377934) |
| STATEMENT OF FINANCIAL POSITION |
| 31 July 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserves | 7 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| MEDICENTRES LIMITED (REGISTERED NUMBER: 01377934) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2017 |
| 1. | STATUTORY INFORMATION |
| Medicentres Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Turnover represents net rentals receivable. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| Tangible fixed assets are recorded at cost or valuation, less depreciation and impairment. |
| Impairment of assets |
| At each reporting date assets are reviewed to determine whether there is any indication that those assets have |
| suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any |
| affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, |
| the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised |
| immediately in the profit and loss. |
| Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised |
| estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying |
| amount that would have been determined (net of depreciation) had no impairment loss been recognised for the |
| asset in prior years. A reversal of an impairment loss is recognised as income immediately. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Deferred tax is provided on these gains at the rate expected to apply when the property is sold. |
| Financial instruments |
| Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate |
| and are payable within one year shall be measured at the undiscounted amount due. |
| 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 statement of financial position date. |
| MEDICENTRES LIMITED (REGISTERED NUMBER: 01377934) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2016 |
| and 31 July 2017 |
| DEPRECIATION |
| At 1 August 2016 |
| Charge for year |
| At 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 August 2016 |
| and 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| Investment property were valued on 31 July 2017 by the directors who consider it not materially different to the |
| fair value as stated in these financial statements. |
| MEDICENTRES LIMITED (REGISTERED NUMBER: 01377934) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2017 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 31 July 2017 is represented by: |
| £ |
| Valuation in 2004 | 17,898 |
| Valuation in 2006 | 34,313 |
| Valuation in 2013 | 5,000 |
| Cost | 222,789 |
| 280,000 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | RESERVES |
| Retained | Other |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 1 August 2016 | 386,696 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 July 2017 | 380,959 |
| 8. | FIRST YEAR ADOPTION |
| This is the first year in which the financial statements have been prepared under FRS Section 1A. The transition |
| has resulted in a small number of changes:- |
| Revaluation reserves relating to investment properties have been transferred to non distributable profit and loss |
| reserves. Any deferred tax liability relating to the revaluation of investment properties has been charged to the |
| profit and loss account. Previously revaluation reserves relating to investment properties were classified with the |
| revaluation reserves of all property and no deferred tax provision was made unless a binding agreement for sale |
| was in place. |