Registered number
SC428685
UROLOGY SPECIALISTS LTD
2 The Willows
Haxby, York
Filleted Accounts
for the year ended 31 July 2023
Yousaf & Co. Ltd
Chartered Certified Accountants
298-300 Maxwell Road
Glasgow
Scotland
G41 1PJ
Ref: U043/TG
UROLOGY SPECIALISTS LTD
Registered number: SC428685
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,196 1,328
Current assets
Cash at bank and in hand 10 245
Creditors: amounts falling due within one year 4 (6,463) (5,851)
Net current assets / (liabilities) (6,453) (5,606)
Total assets less current liabilities (5,257) (4,278)
Creditors: amounts falling due after more than one year 5 (16) (12)
Net asstes / (liabilities) (5,273) (4,290)
Capital and reserves
Called up share capital 101 101
Profit and loss account (5,374) (4,391)
Shareholders' funds (5,273) (4,290)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Mustafa Hilmy
Director
Approved by the board on 26 September 2023
UROLOGY SPECIALISTS LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover incudes revenue earned from the rendering of services. 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 cotract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. .
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 August 2022 2,551
At 31 July 2023 2,551
Depreciation
At 1 August 2022 1,223
Charge for the year 132
At 31 July 2023 1,355
Net book value
At 31 July 2023 1,196
At 31 July 2022 1,328
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 5,023 4,891
Other creditors 1,440 960
6,463 5,851
5 Creditors: amounts falling due after one year 2023 2022
£ £
Directors' loan account 16 12
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