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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
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Priority One Medical Services Ltd Company Information for the year ended 30 September 2023
Director
Adam Maddock
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
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Priority One Medical Services Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,092 
24,142 
Current assets
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)
Net assets
5,092 
8,836 
Capital and reserves
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
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Priority One Medical Services Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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 
Depreciation
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 
Net book value
At 30 September 2023
17,977 
115 
18,092 
At 30 September 2022
23,970 
172 
24,142 
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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 
Accruals
300 
300 
8,929 
8,930 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,667 
2,667 
Obligations under finance leases and hire purchase contracts
4,175 
7,675 
5,842 
10,342 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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