Company Registration No. 10396262 (England and Wales)
Priority One Medical Services Ltd
Unaudited accounts
for the year ended 30 September 2023
Priority One Medical Services Ltd
Unaudited accounts
Contents
Priority One Medical Services Ltd
Company Information
for the year ended 30 September 2023
Company Number
10396262 (England and Wales)
Registered Office
Unit 32g
Nelsons Business Park
Long Lane
Walton, Liverpool
L9 7BN
Accountants
Houlihan & Co Accountants
99-101 Corporation Street
St Helens
WA10 1SX
Priority One Medical Services Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
18,092
24,142
Cash at bank and in hand
1,771
3,966
Creditors: amounts falling due within one year
(8,929)
(8,930)
Net current liabilities
(7,158)
(4,964)
Total assets less current liabilities
10,934
19,178
Creditors: amounts falling due after more than one year
(5,842)
(10,342)
Called up share capital
1
1
Profit and loss account
5,091
8,835
Shareholders' funds
5,092
8,836
For the year ending 30 September 2023 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.
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 11 October 2023 and were signed on its behalf by
Adam Maddock
Director
Company Registration No. 10396262
Priority One Medical Services Ltd
Notes to the Accounts
for the year ended 30 September 2023
Priority One Medical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 10396262. The registered office is Unit 32g, Nelsons Business Park, Long Lane, Walton, Liverpool, L9 7BN.
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% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
47,125
854
47,979
At 30 September 2023
47,125
854
47,979
At 1 October 2022
23,155
682
23,837
Charge for the year
5,993
57
6,050
At 30 September 2023
29,148
739
29,887
At 30 September 2023
17,977
115
18,092
At 30 September 2022
23,970
172
24,142
Priority One Medical Services Ltd
Notes to the Accounts
for the year ended 30 September 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,000
1,000
Obligations under finance leases and hire purchase contracts
3,500
3,500
Other creditors
1,168
1,169
Loans from directors
2,961
2,961
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,175
7,675
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).