Richard C Briscoe Anaesthetics Limited - Period Ending 2018-03-31

Registration number: 9507891

Richard C Briscoe Anaesthetics Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

(taking advantage of s444 of the Companies Act 2006)

Stables Thompson & Briscoe
Chartered Accountants & Business Advisers
Lowther House
Lowther Street
Kendal
Cumbria
LA9 4DX

Richard C Briscoe Anaesthetics Limited

(Registration number: 9507891)
Balance Sheet as at 31 March 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	840	1,811
Current assets
Debtors	5	7,258	10,293
Cash at bank and in hand		4,578	9,996
		11,836	20,289
Creditors: Amounts falling due within one year	6	(8,029)	(8,487)
Net current assets		3,807	11,802
Net assets		4,647	13,613
Capital and reserves
Called up share capital		12	12
Profit and loss account		4,635	13,601
Total equity		4,647	13,613

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' report and Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 November 2018 and signed on its behalf by:
 

.........................................

Dr RC Briscoe
Director

The notes on pages 2 to 5 form an integral part of these financial statements.

Page 1

Richard C Briscoe Anaesthetics Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Lowther House
Lowther Street
Kendal
Cumbria
LA9 4DX

These financial statements were authorised for issue by the Board on 16 November 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Page 2

Richard C Briscoe Anaesthetics Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	33.33% straight line
Fixtures and fittings	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2017 - 1).

Page 3

Richard C Briscoe Anaesthetics Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 April 2017	2,095	1,658	3,753
At 31 March 2018	2,095	1,658	3,753
Depreciation
At 1 April 2017	838	1,104	1,942
Charge for the year	419	552	971
At 31 March 2018	1,257	1,656	2,913
Carrying amount
At 31 March 2018	838	2	840
At 31 March 2017	1,257	554	1,811

5

Debtors

	2018 £	2017 £
Trade debtors	5,700	5,218
Other debtors	1,558	5,075
Total current trade and other debtors	7,258	10,293

6

Creditors

Creditors: amounts falling due within one year

		2018 £	2017 £
Due within one year
Taxation and social security		7,296	7,857
Accruals and deferred income		733	630
		8,029	8,487

Page 4

Richard C Briscoe Anaesthetics Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

7	Related party transactions

Transactions with directors

2018	At 1 April 2017 £	Advances to directors £	Repayments by director £	At 31 March 2018 £
Dr RC Briscoe
	(2,510)	(3,056)	4,008	(1,558)

2017	At 1 April 2016 £	Advances to directors £	Repayments by director £	At 31 March 2017 £
Dr RC Briscoe
	440	(3,933)	983	(2,510)

Page 5