REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 OCTOBER 2023 |
FOR |
DOCSURGE LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 OCTOBER 2023 |
FOR |
DOCSURGE LIMITED |
DOCSURGE LIMITED (REGISTERED NUMBER: 03995066) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
DOCSURGE LIMITED |
COMPANY INFORMATION |
For The Year Ended 30 October 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Business Advisors & Accountants |
Equinox House |
Clifton Park, Shipton Road |
York |
Yorkshire |
YO30 5PA |
DOCSURGE LIMITED (REGISTERED NUMBER: 03995066) |
BALANCE SHEET |
30 October 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
DOCSURGE LIMITED (REGISTERED NUMBER: 03995066) |
BALANCE SHEET - continued |
30 October 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
DOCSURGE LIMITED (REGISTERED NUMBER: 03995066) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 October 2023 |
1. | STATUTORY INFORMATION |
Docsurge Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
DOCSURGE LIMITED (REGISTERED NUMBER: 03995066) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 October 2023 |
2. | ACCOUNTING POLICIES - continued |
Cash at bank and in hand |
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 31 October 2022 |
and 30 October 2023 |
DEPRECIATION |
At 31 October 2022 |
and 30 October 2023 |
NET BOOK VALUE |
At 30 October 2023 |
5. | INVESTMENT PROPERTY |
Investment property comprises of a doctors surgery in York. The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 30 October 2023 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. |
Fair value at 30 October 2023 is represented by: |
£ |
Valuation in 2012 | 1,200,000 |
Valuation in 2021 | 135,000 |
1,335,000 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
DOCSURGE LIMITED (REGISTERED NUMBER: 03995066) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 October 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
Santander UK plc hold a charge by way of a debenture created 18 October 2007 for all monies due or becoming due from the company to them on any account whatsoever. The particulars are fixed and floating charges over the undertaking and all assets present and future including goodwill, book debts and uncalled capital. |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Santander UK plc hold a charge by way of a debenture created 18 October 2007 for all monies due or becoming due from the company to them on any account whatsoever. The particulars are fixed and floating charges over the undertaking and all assets present and future including goodwill, book debts and uncalled capital. |
9. | RELATED PARTY DISCLOSURES |
Included within Other Debtors is an amount of £248,194 (2022 - £255,424) due from Denshaw Developments Limited, a subsidiary company of Stuart Lawton Limited. |
Included within Other Creditors is an amount of £2,870 (2022 - £2,870) due to Stuart Lawton Limited, a company in which Stuart Lawton is director and participator. |
Included within other creditors falling due within one year is an amount of £25,829 (2022 - £34,919) owed to the director of the company. |