ELR GP Fed Limited 09927787 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is general medical practice activities Digita Accounts Production Advanced 6.30.9574.0 true 09927787 2022-04-01 2023-03-31 09927787 2023-03-31 09927787 core:RetainedEarningsAccumulatedLosses 2023-03-31 09927787 core:ShareCapital 2023-03-31 09927787 core:CurrentFinancialInstruments 2023-03-31 09927787 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09927787 core:FurnitureFittingsToolsEquipment 2023-03-31 09927787 bus:SmallEntities 2022-04-01 2023-03-31 09927787 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09927787 bus:FullAccounts 2022-04-01 2023-03-31 09927787 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09927787 bus:RegisteredOffice 2022-04-01 2023-03-31 09927787 bus:Director10 2022-04-01 2023-03-31 09927787 bus:Director12 2022-04-01 2023-03-31 09927787 bus:Director13 2022-04-01 2023-03-31 09927787 bus:Director14 2022-04-01 2023-03-31 09927787 bus:Director16 2022-04-01 2023-03-31 09927787 bus:Director20 2022-04-01 2023-03-31 09927787 bus:Director21 2022-04-01 2023-03-31 09927787 bus:Director6 2022-04-01 2023-03-31 09927787 bus:Director7 2022-04-01 2023-03-31 09927787 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09927787 core:ComputerEquipment 2022-04-01 2023-03-31 09927787 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 09927787 countries:UnitedKingdom 2022-04-01 2023-03-31 09927787 2022-03-31 09927787 core:FurnitureFittingsToolsEquipment 2022-03-31 09927787 2021-04-01 2022-03-31 09927787 2022-03-31 09927787 core:RetainedEarningsAccumulatedLosses 2022-03-31 09927787 core:ShareCapital 2022-03-31 09927787 core:CurrentFinancialInstruments 2022-03-31 09927787 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 09927787 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 09927787

ELR GP Fed Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

ELR GP Fed Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

ELR GP Fed Limited

Company Information

Directors

Mr J R Whitehead

Dr A Chahal

Dr F Z T Dhanji

Dr D Jones

Dr S M Harrison

Mr C J Lyon

Mr J C C Watkins

Dr R Badiani

Ms N J Turnbull

Registered office

111 Station Road
Glenfield
Leicester
LE3 8GS

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

ELR GP Fed Limited

(Registration number: 09927787)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

92

138

Current assets

 

Debtors

5

189,234

280,671

Cash at bank and in hand

 

289,175

231,162

 

478,409

511,833

Creditors: Amounts falling due within one year

6

(136,774)

(225,276)

Net current assets

 

341,635

286,557

Net assets

 

341,727

286,695

Capital and reserves

 

Called up share capital

321

321

Treasury share reserve

 

(2)

(2)

Profit and loss account

341,408

286,376

Shareholders' funds

 

341,727

286,695

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 October 2023 and signed on its behalf by:
 

.........................................
Mr J R Whitehead
Director

   
 

ELR GP Fed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
111 Station Road
Glenfield
Leicester
LE3 8GS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

ELR GP Fed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33.3% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 9).

 

ELR GP Fed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

1,559

1,559

At 31 March 2023

1,559

1,559

Depreciation

At 1 April 2022

1,421

1,421

Charge for the year

46

46

At 31 March 2023

1,467

1,467

Carrying amount

At 31 March 2023

92

92

At 31 March 2022

138

138

5

Debtors

Current

2023
£

2022
£

Trade debtors

14,586

112,731

Other debtors

174,648

167,940

 

189,234

280,671

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

3,981

3,150

Taxation and social security

 

7,517

18,098

Other creditors

 

125,276

204,028

 

136,774

225,276