Perry Park Medical Services Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06575572 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

PERRY PARK MEDICAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr Parmjit Singh Arora

Dr Kamaljeet Arora

REGISTERED OFFICE:

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

REGISTERED NUMBER:

06575572 (England and Wales)

ACCOUNTANTS:

Brindleys Limited

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

FIXED ASSETS

Tangible assets

4

1,324

1,557

Investments

5

-

25,000

1,324

26,557

CURRENT ASSETS

Debtors

6

41,189

41,066

Cash at bank and in hand

122,961

73,946

164,150

115,012

CREDITORS

Amounts falling due within one year

7

17,707

13,749

NET CURRENT ASSETS

146,443

101,263

TOTAL ASSETS LESS CURRENT LIABILITIES

147,767

127,820

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

147,667

127,720

SHAREHOLDERS' FUNDS

147,767

127,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 December 2018 and were signed on its behalf by:

Dr Parmjit Singh Arora - Director

1.	STATUTORY INFORMATION

Perry Park Medical Services Limited 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.

Computer equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

150

2,620

2,770

DEPRECIATION

At 1 April 2017

72

1,141

1,213

Charge for year

11

222

233

At 31 March 2018

83

1,363

1,446

NET BOOK VALUE

At 31 March 2018

67

1,257

1,324

At 31 March 2017

78

1,479

1,557

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2017

25,000

Additions

(25,000

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

25,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

40,000

40,000

Directors' current accounts

1,189

1,066

41,189

41,066

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

5,907

7,449

Other creditors

10,000

5,000

Accrued expenses

1,800

1,300

17,707

13,749

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

Dr Parmjit Singh Arora and Dr Kamaljeet Arora

Balance outstanding at start of year

1,066

1,095

Amounts advanced

278

127

Amounts repaid

(156

)

(156

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,188

1,066

Dividends issued during the year = £5,000 (5000 in 2017)