Registered number
07315735
BINACHI MEDICAL SERVICES LTD
Filleted Accounts
31 July 2023
BINACHI MEDICAL SERVICES LTD
Registered number: 07315735
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 85,190 86,831
Creditors: amounts falling due within one year 3 (333) (752)
Net current assets 84,857 86,079
Net assets 84,857 86,079
Capital and reserves
Called up share capital 50 50
Profit and loss account 84,807 86,029
Shareholders' funds 84,857 86,079
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 Chakrawarthige C.P. Wijeratne Labutale
Director
Approved by the board on 28 March 2024
BINACHI MEDICAL SERVICES 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 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
(including director)
3 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 182 549
Other creditors 151 203
333 752
4 Other information
BINACHI MEDICAL SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
5 Pickwick Gardens
Compton Park
Wolverhampton
WV3 9EH
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