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REGISTERED NUMBER: 10700085 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BUCKINGHAMSHIRE HEALTHCARE PROJECTS LTD

BUCKINGHAMSHIRE HEALTHCARE PROJECTS LTD (REGISTERED NUMBER: 10700085)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


BUCKINGHAMSHIRE HEALTHCARE PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs R K Devonshire
Mrs A M Williams





REGISTERED OFFICE: Trust Offices (Level 2)
Amersham Hospital
Whielden Street
Amersham
Buckinghamshire
HP7 0JD





REGISTERED NUMBER: 10700085 (England and Wales)





AUDITORS: Seymour Taylor Limited, Statutory Auditor
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS

BUCKINGHAMSHIRE HEALTHCARE PROJECTS LTD (REGISTERED NUMBER: 10700085)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,566 94,950

CURRENT ASSETS
Stocks 544,791 153,066
Debtors 5 403,535 752,673
Cash at bank and in hand 687,213 611,842
1,635,539 1,517,581
CREDITORS
Amounts falling due within one year 6 1,234,611 1,155,296
NET CURRENT ASSETS 400,928 362,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,494

457,235

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 492,493 457,234
SHAREHOLDERS' FUNDS 492,494 457,235

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mrs A M Williams - Director


BUCKINGHAMSHIRE HEALTHCARE PROJECTS LTD (REGISTERED NUMBER: 10700085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Buckinghamshire Healthcare Projects Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office and principal place of business is Trust Office (Level 2), Amersham Hospital, Whieldon Street, Amersham, Buckinghamshire, HP7 0JD. The registered number is 10700085.

The principal activity of the company in the period under review was that of provision of pharmacies in Buckinghamshire hospitals.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of revenue, expenses, assets and liabilities, and the disclosure of contingent liabilities at the date of the financial statements. If in the future such estimates and assumptions, which are based on the management's best judgment at the date of the financial statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the year in which the circumstances change.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - straight line - 20%, straight line - 10%, straight line - 5% and straight line - 2%

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


BUCKINGHAMSHIRE HEALTHCARE PROJECTS LTD (REGISTERED NUMBER: 10700085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 175,563
Additions 18,494
Disposals (524 )
At 31 March 2023 193,533
DEPRECIATION
At 1 April 2022 80,613
Charge for year 21,581
Eliminated on disposal (227 )
At 31 March 2023 101,967
NET BOOK VALUE
At 31 March 2023 91,566
At 31 March 2022 94,950

BUCKINGHAMSHIRE HEALTHCARE PROJECTS LTD (REGISTERED NUMBER: 10700085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,986 2,081
Other debtors 400,549 750,592
403,535 752,673

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 619,912 300,811
Taxation and social security 37,561 32,353
Other creditors 577,138 822,132
1,234,611 1,155,296

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 91,138 91,138
Between one and five years 129,419 220,557
220,557 311,695

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 £1 1 1

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Elizabeth Horton ACA FCCA (Senior Statutory Auditor)
for and on behalf of Seymour Taylor Limited, Statutory Auditor

10. PENSION COMMITMENTS

The company operates a defined contribution scheme with contributions paid in the accounting period charged to the profit and loss account. The pension cost charge represents contributions payable by the company to the fund and amounted to £79,095 (2022: £25,596).

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

BUCKINGHAMSHIRE HEALTHCARE PROJECTS LTD (REGISTERED NUMBER: 10700085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Buckinghamshire Healthcare NHS Trust.