Company Registration No. 06468509 (England and Wales)
Elland Practice Limited
Unaudited accounts
for the year ended 31 December 2022
Elland Practice Limited
Unaudited accounts
Contents
Elland Practice Limited
Company Information
for the year ended 31 December 2022
Director
Dr Mohammed Asam Ahmed
Company Number
06468509 (England and Wales)
Registered Office
Lowfield Place
Victoria Road
Elland
West Yorkshire
HX5 0AB
Accountants
Sigma Chartered Accountants
J O Hunter House
409 Bradford Road
Huddersfield
West Yorkshire
HD2 2RB
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Elland Practice Limited for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Elland Practice Limited for the year ended
31 December 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Sigma Chartered Accountants
Chartered Accountants
J O Hunter House
409 Bradford Road
Huddersfield
West Yorkshire
HD2 2RB
28 September 2023
Elland Practice Limited
Statement of financial position
as at 31 December 2022
Intangible assets
91,875
109,375
Tangible assets
15,738
22,164
Cash at bank and in hand
844,318
578,054
Creditors: amounts falling due within one year
(159,436)
(147,422)
Net current assets
727,593
475,264
Total assets less current liabilities
835,206
606,803
Provisions for liabilities
Deferred tax
(2,990)
(4,211)
Net assets
832,216
602,592
Called up share capital
100
100
Profit and loss account
832,116
602,492
Shareholders' funds
832,216
602,592
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2023 and were signed on its behalf by
Dr Mohammed Asam Ahmed
Director
Company Registration No. 06468509
Elland Practice Limited
Notes to the Accounts
for the year ended 31 December 2022
Elland Practice Limited is a private company, limited by shares, registered in England and Wales, registration number 06468509. The registered office is Lowfield Place, Victoria Road, Elland, West Yorkshire, HX5 0AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost.
Fixtures & fittings
10% on cost.
Computer equipment
33% on cost.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
Elland Practice Limited
Notes to the Accounts
for the year ended 31 December 2022
4
Intangible fixed assets
Total
At 31 December 2022
350,000
Charge for the year
17,500
At 31 December 2022
258,125
At 31 December 2022
91,875
At 31 December 2021
109,375
5
Tangible fixed assets
Total
At 31 December 2022
179,561
At 31 December 2022
163,823
At 31 December 2022
15,738
At 31 December 2021
22,164
6
Average number of employees
During the year the average number of employees was 0 (2021: 0).