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2023-06-30
Company registration number:
11439311
SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD
Unaudited filleted financial statements
30 June 2023
SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD
Directors and other information
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Director |
Mr P Mcvittie |
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Company number |
11439311 |
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Registered office |
174a Cannock Road |
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Cannock |
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WS11 5BZ |
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Accountant |
J Pedley-Smith |
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38 Newick Avenue |
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Sutton Coldfield |
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West Midlands |
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B74 3DA |
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SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD
Report to the director on the preparation of the
unaudited statutory financial statements of SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD
Year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD for the year ended 30 June 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD and its director as a body for my work or for this report.
It is your duty to ensure that SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD. You consider that SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
J Pedley-Smith
Chartered Certified Accountant
38 Newick Avenue
Sutton Coldfield
West Midlands
B74 3DA
27 November 2023
SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD
Statement of financial position
30 June 2023
|
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2023 |
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2022 |
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Note |
£ |
|
£ |
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£ |
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£ |
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Fixed assets |
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|
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Tangible assets |
|
5 |
87,909 |
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|
10,874 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
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|
87,909 |
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10,874 |
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Current assets |
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Debtors |
|
6 |
34,167 |
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|
96,765 |
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|
Cash at bank and in hand |
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|
70,918 |
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|
234,728 |
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|
_______ |
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_______ |
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105,085 |
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331,493 |
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Creditors: amounts falling due |
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within one year |
|
7 |
(
9,175) |
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|
(
113,982) |
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|
|
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|
_______ |
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|
_______ |
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Net current assets |
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95,910 |
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217,511 |
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|
_______ |
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_______ |
Total assets less current liabilities |
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183,819 |
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228,385 |
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Creditors: amounts falling due |
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after more than one year |
|
8 |
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|
(
3,456) |
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|
(
6,911) |
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|
|
|
|
|
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Provisions for liabilities |
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(
1,458) |
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(
1,822) |
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|
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|
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|
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_______ |
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_______ |
Net assets |
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178,905 |
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219,652 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
|
9 |
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100 |
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|
100 |
Profit and loss account |
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178,805 |
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219,552 |
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_______ |
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_______ |
Shareholders funds |
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178,905 |
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219,652 |
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_______ |
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_______ |
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For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 November 2023
, and are signed on behalf of the board by:
Mr P Mcvittie
Director
Company registration number:
11439311
SPECIALIST MEDICAL AND RESUSCITATION TRAINING LTD
Notes to the financial statements
Year ended 30 June 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 174a Cannock Road, Cannock, WS11 5BZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment |
- |
50 % |
straight line |
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Motor vehicles |
- |
20 % |
reducing balance |
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Portacabin |
- |
20 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
2
).
5.
Tangible assets
|
|
Long leasehold property |
Fixtures, fittings and equipment |
Motor vehicles |
Portacabin |
Total |
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|
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 July 2022 |
- |
1,348 |
14,990 |
3,200 |
19,538 |
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Additions |
79,594 |
- |
- |
- |
79,594 |
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|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
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At 30 June 2023 |
79,594 |
1,348 |
14,990 |
3,200 |
99,132 |
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|
_______ |
_______ |
_______ |
_______ |
_______ |
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Depreciation |
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At 1 July 2022 |
- |
1,348 |
5,396 |
1,920 |
8,664 |
|
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|
Charge for the year |
- |
- |
1,919 |
640 |
2,559 |
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|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
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At 30 June 2023 |
- |
1,348 |
7,315 |
2,560 |
11,223 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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Carrying amount |
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At 30 June 2023 |
79,594 |
- |
7,675 |
640 |
87,909 |
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|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
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|
At 30 June 2022 |
- |
- |
9,594 |
1,280 |
10,874 |
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|
_______ |
_______ |
_______ |
_______ |
_______ |
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|
|
|
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Investment property
Included within the above is investment property measured at fair value as follows:
|
|
£ |
|
Additions |
79,594 |
|
|
_______ |
|
At 30 June 2023 |
79,594 |
|
|
_______ |
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|
|
The property was purchased in February 2023. The Director considers cost to be a fair estimate of fair value at the year end.
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
29,280 |
96,765 |
|
Other debtors |
|
4,887 |
- |
|
|
|
_______ |
_______ |
|
|
|
34,167 |
96,765 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade creditors |
|
2,522 |
22,010 |
|
Corporation tax |
|
- |
50,019 |
|
Social security and other taxes |
|
1,310 |
36,440 |
|
Other creditors |
|
5,343 |
5,513 |
|
|
|
_______ |
_______ |
|
|
|
9,175 |
113,982 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Other creditors includes £3,455 (2022: £3,455) in respect of hire purchase liabilities secured on motor vehicles.
8.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other creditors |
|
3,456 |
6,911 |
|
|
|
_______ |
_______ |
|
|
|
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|
Other creditors includes £3,456 (2022: £6,911) in respect of hire purchase liabilities secured on motor vehicles.
9.
Called up share capital
Issued, called up and fully paid
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares of £
1.00 each |
|
100 |
|
100 |
|
100 |
|
100 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
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10.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
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|
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|
|
|
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|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Amounts repaid |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr P Mcvittie |
(
957) |
170 |
(
787) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
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|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Amounts repaid |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr P Mcvittie |
(
17,109) |
16,152 |
(
957) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
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|
The amount in brackets is owed to the director by the company at the year end. The loan is repayable on demand and is interest free.