Registered number
SC648914
PRIMARY MEDICAL SERVICES LIMTED
3 Quarrypark Drive
Edinburgh
Filleted Accounts
for the year ended 31 March 2023
Yousaf & Co Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: P159/TG
PRIMARY MEDICAL SERVICES LIMTED
Registered number: SC648914
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 30,349 3,731
Current assets
Debtors 4 4,635 2,025
Cash at bank and in hand 22,176 30,151
26,811 32,176
Creditors: amounts falling due within one year 5 (18,836) (22,555)
Net current assets 7,975 9,621
Total assets less current liabilities 38,324 13,352
Creditors: amounts falling due after more than one year 6 (25,279) (2,854)
Net assets 13,045 10,498
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,945 10,398
Shareholders' funds 13,045 10,498
The director is 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 director acknowledges her 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 Saira Goheer
Director
Approved by the board on 31 July 2023
PRIMARY MEDICAL SERVICES LIMTED
Notes to the Accounts
for the year ended 31 March 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 . Turnover includes 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 contract 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:
Motor Vehicle 10% Reducing balance
Office equipment 10% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
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 1 1
3 Tangible fixed assets
Office Equipment Motor vehicle Total
£ £ £
Cost
At 1 April 2022 4,481 - 4,481
Additions - 29,990 29,990
At 31 March 2023 4,481 29,990 34,471
Depreciation
At 1 April 2022 750 - 750
Charge for the year 373 2,999 3,372
At 31 March 2023 1,123 2,999 4,122
Net book value
At 31 March 2023 3,358 26,991 30,349
At 31 March 2022 3,731 - 3,731
4 Debtors 2023 2022
£ £
Trade debtors - 2,025
Other debtors 4,635 -
4,635 2,025
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 3,236 6,956
Other creditors 15,600 15,599
18,836 22,555
6 Creditors: amounts falling due after one year 2023 2022
£ £
Directors loan account 833 2,854
HP Creditors 24,446 -
25,279 2,854
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