Arbuthnot Medical Limited 07923742 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is provision of medical services. Digita Accounts Production Advanced 6.30.9574.0 true true 07923742 2022-04-01 2023-03-31 07923742 2023-03-31 07923742 core:RetainedEarningsAccumulatedLosses 2023-03-31 07923742 core:ShareCapital 2023-03-31 07923742 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-03-31 07923742 core:CurrentFinancialInstruments 2023-03-31 07923742 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07923742 core:FurnitureFittingsToolsEquipment 2023-03-31 07923742 bus:SmallEntities 2022-04-01 2023-03-31 07923742 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07923742 bus:FullAccounts 2022-04-01 2023-03-31 07923742 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07923742 bus:RegisteredOffice 2022-04-01 2023-03-31 07923742 bus:Director1 2022-04-01 2023-03-31 07923742 bus:Director2 2022-04-01 2023-03-31 07923742 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07923742 core:FurnitureFittings 2022-04-01 2023-03-31 07923742 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 07923742 countries:UnitedKingdom 2022-04-01 2023-03-31 07923742 2022-03-31 07923742 core:FurnitureFittingsToolsEquipment 2022-03-31 07923742 2021-04-01 2022-03-31 07923742 2022-03-31 07923742 core:RetainedEarningsAccumulatedLosses 2022-03-31 07923742 core:ShareCapital 2022-03-31 07923742 core:CurrentFinancialInstruments 2022-03-31 07923742 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 07923742 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 07923742

Arbuthnot Medical Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Arbuthnot Medical Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Arbuthnot Medical Limited

Company Information

Directors

Mr J E Arbuthnot

Mrs C Arbuthnot

Registered office

11c Oakmoore Court
Kingswood Road
Hampton Lovett
Droitwich
Worcs
WR9 0QH

Accountants

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

 

Arbuthnot Medical Limited

(Registration number: 07923742)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

514

829

Other financial assets

5

-

291,558

 

514

292,387

Current assets

 

Debtors

6

1,752,439

54,961

Cash at bank and in hand

 

45,581

934,262

 

1,798,020

989,223

Creditors: Amounts falling due within one year

7

(256,271)

(125,208)

Net current assets

 

1,541,749

864,015

Net assets

 

1,542,263

1,156,402

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,542,163

1,156,302

Shareholders' funds

 

1,542,263

1,156,402

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 22 February 2024 and signed on its behalf by:
 

.........................................
Mrs C Arbuthnot
Director

   
 

Arbuthnot Medical 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:
11c Oakmoore Court
Kingswood Road
Hampton Lovett
Droitwich
Worcs
WR9 0QH

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Arbuthnot Medical Limited

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

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.

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

Fixtures and fittings

33.3% on cost

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Arbuthnot Medical 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

19,620

19,620

Additions

549

549

At 31 March 2023

20,169

20,169

Depreciation

At 1 April 2022

18,791

18,791

Charge for the year

864

864

At 31 March 2023

19,655

19,655

Carrying amount

At 31 March 2023

514

514

At 31 March 2022

829

829

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2022

291,558

291,558

Disposals

(291,558)

(291,558)

At 31 March 2023

-

-

Impairment

Carrying amount

At 31 March 2023

-

-

 

Arbuthnot Medical Limited

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

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

24,721

28,108

Amounts owed by related parties

1,701,716

-

Prepayments

 

14,941

12,732

Other debtors

 

11,061

14,121

   

1,752,439

54,961

7

Creditors

2023
£

2022
£

Due within one year

Trade creditors

20,000

40,000

Amounts owed to related parties

131,494

-

Other creditors

104,777

85,208

256,271

125,208