Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10525639 2022-04-01 2023-03-31 10525639 2021-04-01 2022-03-31 10525639 2023-03-31 10525639 2022-03-31 10525639 c:Director1 2022-04-01 2023-03-31 10525639 d:MotorVehicles 2022-04-01 2023-03-31 10525639 d:MotorVehicles 2023-03-31 10525639 d:MotorVehicles 2022-03-31 10525639 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10525639 d:FurnitureFittings 2022-04-01 2023-03-31 10525639 d:FurnitureFittings 2023-03-31 10525639 d:FurnitureFittings 2022-03-31 10525639 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10525639 d:ComputerEquipment 2022-04-01 2023-03-31 10525639 d:ComputerEquipment 2023-03-31 10525639 d:ComputerEquipment 2022-03-31 10525639 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10525639 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10525639 d:CurrentFinancialInstruments 2023-03-31 10525639 d:CurrentFinancialInstruments 2022-03-31 10525639 d:Non-currentFinancialInstruments 2023-03-31 10525639 d:Non-currentFinancialInstruments 2022-03-31 10525639 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10525639 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10525639 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10525639 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 10525639 d:ShareCapital 2023-03-31 10525639 d:ShareCapital 2022-03-31 10525639 d:RetainedEarningsAccumulatedLosses 2023-03-31 10525639 d:RetainedEarningsAccumulatedLosses 2022-03-31 10525639 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10525639 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 10525639 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 10525639 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 10525639 c:FRS102 2022-04-01 2023-03-31 10525639 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10525639 c:FullAccounts 2022-04-01 2023-03-31 10525639 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10525639 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 10525639 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 10525639 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 10525639 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 10525639










SIMON FISHER SURGERY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SIMON FISHER SURGERY LIMITED
REGISTERED NUMBER: 10525639

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
61,686
35,635

  
61,686
35,635

Current assets
  

Debtors: amounts falling due within one year
 5 
27,927
24,921

Cash at bank and in hand
  
9,796
6,449

  
37,723
31,370

Creditors: amounts falling due within one year
 6 
(12,069)
(13,923)

Net current assets
  
 
 
25,654
 
 
17,447

Total assets less current liabilities
  
87,340
53,082

Creditors: amounts falling due after more than one year
 7 
(35,772)
(24,786)

  

Net assets
  
51,568
28,296


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
51,558
28,286

  
51,568
28,296


Page 1

 
SIMON FISHER SURGERY LIMITED
REGISTERED NUMBER: 10525639
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dr S G Fisher
Director

Date: 21 September 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SIMON FISHER SURGERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Simon Fisher Surgery Limited is a private company limited by shares and Incorporated in England and Wales registration number 10525639. The registered office is 8 The Courtyard, Wyncolls Road, Severalls Industrial Park, Colchester, Essex, England CO4 9PE.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
SIMON FISHER SURGERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Straight-line
Fixtures and fittings
-
25%
Straight-line
Computer equipment
-
33%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
SIMON FISHER SURGERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
SIMON FISHER SURGERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
65,065
857
7,585
73,507


Additions
40,561
-
6,011
46,572


Disposals
(28,093)
-
-
(28,093)



At 31 March 2023

77,533
857
13,596
91,986



Depreciation


At 1 April 2022
33,325
161
4,386
37,872


Charge for the year on owned assets
16,003
214
2,548
18,765


Disposals
(26,337)
-
-
(26,337)



At 31 March 2023

22,991
375
6,934
30,300



Net book value



At 31 March 2023
54,542
482
6,662
61,686



At 31 March 2022
31,740
696
3,199
35,635


5.


Debtors

2023
2022
£
£


Trade debtors
11,870
16,828

Prepayments and accrued income
1,489
1,647

Deferred taxation
14,568
6,446

27,927
24,921


Page 6

 
SIMON FISHER SURGERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
2,086

Other taxation and social security
735
955

Obligations under finance lease and hire purchase contracts
8,532
8,567

Other creditors
624
264

Accruals and deferred income
2,178
2,051

12,069
13,923



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
35,772
24,786

35,772
24,786



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
8,532
8,567

Between 1-5 years
35,772
24,786

44,304
33,353

The hire purchase liability is secured against the asset to which it relates.

Page 7

 
SIMON FISHER SURGERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Deferred taxation




2023


£






At beginning of year
6,446


Charged to profit or loss
8,122



At end of year
14,568

2023
2022
£
£


Accelerated capital allowances
15,020
6,446

Tax losses carried forward
(452)
-

14,568
6,446

 
Page 8