West Sussex Urology LLP OC358792 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of specialist medical activities. Digita Accounts Production Advanced 6.30.9574.0 OC358792 2023-04-01 2024-03-31 OC358792 2024-03-31 OC358792 core:CurrentFinancialInstruments 2024-03-31 OC358792 core:Goodwill 2024-03-31 OC358792 core:WithinOneYear 2024-03-31 OC358792 core:FurnitureFittings 2024-03-31 OC358792 core:OfficeEquipment 2024-03-31 OC358792 bus:SmallEntities 2023-04-01 2024-03-31 OC358792 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC358792 bus:FilletedAccounts 2023-04-01 2024-03-31 OC358792 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC358792 bus:RegisteredOffice 2023-04-01 2024-03-31 OC358792 bus:PartnerLLP1 2023-04-01 2024-03-31 OC358792 bus:PartnerLLP2 2023-04-01 2024-03-31 OC358792 bus:PartnerLLP3 2023-04-01 2024-03-31 OC358792 bus:PartnerLLP4 2023-04-01 2024-03-31 OC358792 bus:PartnerLLP5 2023-04-01 2024-03-31 OC358792 bus:PartnerLLP6 2023-04-01 2024-03-31 OC358792 bus:PartnerLLP7 2023-04-01 2024-03-31 OC358792 bus:PartnerLLP9 2023-04-01 2024-03-31 OC358792 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC358792 bus:Agent1 2023-04-01 2024-03-31 OC358792 core:Goodwill 2023-04-01 2024-03-31 OC358792 core:ComputerEquipment 2023-04-01 2024-03-31 OC358792 core:FurnitureFittings 2023-04-01 2024-03-31 OC358792 core:OfficeEquipment 2023-04-01 2024-03-31 OC358792 core:PlantMachinery 2023-04-01 2024-03-31 OC358792 countries:AllCountries 2023-04-01 2024-03-31 OC358792 2023-03-31 OC358792 core:Goodwill 2023-03-31 OC358792 core:FurnitureFittings 2023-03-31 OC358792 core:OfficeEquipment 2023-03-31 OC358792 2022-04-01 2023-03-31 OC358792 2023-03-31 OC358792 core:CurrentFinancialInstruments 2023-03-31 OC358792 core:Goodwill 2023-03-31 OC358792 core:WithinOneYear 2023-03-31 OC358792 core:FurnitureFittings 2023-03-31 OC358792 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: OC358792

West Sussex Urology LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

West Sussex Urology LLP

Contents

Limited liability partnership information

1

Accountants' Report

2

Balance Sheet

3 to 4

Statement of Changes in Members’ Interests

5

Notes to the Financial Statements

6 to 9

 

West Sussex Urology LLP

Limited liability partnership information

Designated members

Dr Daniel Magrill

Dr Simon Woodhams
 

Members

Dr Angela Birnie

Mr William George Britnell

Dr Paul Carter

Dr Barnaby Chappell

Dr Robert Frymann

Dr James Hicks
 

Registered office

South Pallant House
South Pallant
Chichester
West Sussex
PO19 1TH

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
West Sussex Urology LLP
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of West Sussex Urology LLP for the year ended 31 March 2024 set out on pages 3 to 9 from the limited liability partnership's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the members of West Sussex Urology LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of West Sussex Urology LLP and state those matters that we have agreed to state to the members of West Sussex Urology LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Sussex Urology LLP and its members as a body for our work or for this report.

It is your duty to ensure that West Sussex Urology LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of West Sussex Urology LLP. You consider that West Sussex Urology LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of West Sussex Urology LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

30 July 2024

 

West Sussex Urology LLP

(Registration number: OC358792)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

13,990

11,425

Tangible assets

5

4,448

1,750

 

18,438

13,175

Current assets

 

Debtors

6

98,690

86,087

Cash and short-term deposits

 

201,508

184,254

 

300,198

270,341

Creditors: Amounts falling due within one year

7

(11,039)

(10,978)

Net current assets

 

289,159

259,363

Net assets attributable to members

 

307,597

272,538

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

307,597

272,538

   

307,597

272,538

Total members' interests

 

Loans and other debts due to members

 

307,597

272,538

   

307,597

272,538

For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and 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 profit and loss account has not been delivered.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

West Sussex Urology LLP

(Registration number: OC358792)
Balance Sheet as at 31 March 2024

The financial statements of West Sussex Urology LLP (registered number OC358792) were approved by the Board and authorised for issue on 22 July 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Dr Daniel Magrill
Designated member

.........................................
Dr Simon Woodhams
Designated member

 

West Sussex Urology LLP

Statement of Changes in Members’ Interests
At 31 March 2024

 

Loans and other debts due to/(from) members

   

Members' capital classified as a liability
£

Members' other amounts
£

Total debt
£

Total
2024
£

Members' interest at 1 April 2023

272,538

-

272,538

272,538

Members' remuneration charged as an expense

-

879,847

879,847

879,847

Members' interests after total comprehensive income

272,538

879,847

1,152,385

1,152,385

Drawings (including tax payments)

-

(844,788)

(844,788)

(844,788)

At 31 March 2024

272,538

35,059

307,597

307,597

 

Loans and other debts due to/(from) members

   

Members' capital classified as a liability
£

Members' other amounts
£

Total debt
£

Total
2023
£

Members' interest at 1 April 2022

235,869

-

235,869

235,869

Members' remuneration charged as an expense

-

862,428

862,428

862,428

Members' interests after total comprehensive income

235,869

862,428

1,098,297

1,098,297

Drawings (including tax payments)

-

(825,759)

(825,759)

(825,759)

At 31 March 2023

235,869

36,669

272,538

272,538

 

West Sussex Urology LLP

Notes to the Financial Statements for the Year Ended 31 March 2024

1

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.

General information and basis of accounting

The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

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.

The functional currency of West Sussex Urology LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

 

West Sussex Urology LLP

Notes to the Financial Statements for the Year Ended 31 March 2024

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Amortisation method and rate

Goodwill

10% - straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Medical equipment

25% - written down value

Computer equipment

25% - written down 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 limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

West Sussex Urology LLP

Notes to the Financial Statements for the Year Ended 31 March 2024

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Profit for the year before members' remuneration and profit shares

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation

1,482

583

Amortisation

1,696

1,269

3

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 8 (2023 - 8).

4

Intangible fixed assets

Goodwill
 £

Total
£

Cost

At 1 April 2023

12,695

12,695

Additions

4,260

4,260

At 31 March 2024

16,955

16,955

Amortisation

At 1 April 2023

1,270

1,270

Charge for the year

1,695

1,695

At 31 March 2024

2,965

2,965

Net book value

At 31 March 2024

13,990

13,990

At 31 March 2023

11,425

11,425

 

West Sussex Urology LLP

Notes to the Financial Statements for the Year Ended 31 March 2024

5

Tangible fixed assets

Fixtures and fittings
 £

Office equipment
 £

Total
£

Cost

At 1 April 2023

8,414

5,591

14,005

Additions

65

4,116

4,181

At 31 March 2024

8,479

9,707

18,186

Depreciation

At 1 April 2023

7,104

5,151

12,255

Charge for the year

344

1,139

1,483

At 31 March 2024

7,448

6,290

13,738

Net book value

At 31 March 2024

1,031

3,417

4,448

At 31 March 2023

1,310

440

1,750

6

Debtors

2024
£

2023
£

Trade debtors

97,110

86,087

Prepayments and accrued income

1,580

-

Total current trade and other debtors

98,690

86,087

7

Creditors: Amounts falling due within one year

2024
£

2023
£

Other creditors

580

543

Accruals and deferred income

7,781

7,549

Taxation and social security

2,678

2,886

11,039

10,978