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Company No: 12328105 (England and Wales)

BIG RED WHEEL (BRW) CLINICAL SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

BIG RED WHEEL (BRW) CLINICAL SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

BIG RED WHEEL (BRW) CLINICAL SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2023
BIG RED WHEEL (BRW) CLINICAL SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,046 779
1,046 779
Current assets
Debtors 8,066 13,474
Cash at bank and in hand 125,336 96,060
133,402 109,534
Creditors: amounts falling due within one year 4 ( 10,582) ( 12,156)
Net current assets 122,820 97,378
Total assets less current liabilities 123,866 98,157
Creditors: amounts falling due after more than one year 5 ( 2,122) 0
Provision for liabilities 0 148
Net assets 121,744 98,305
Capital and reserves
Called-up share capital 100 100
Profit and loss account 121,644 98,205
Total shareholders' funds 121,744 98,305

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Big Red Wheel (BRW) Clinical Services Limited (registered number: 12328105) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Jane Cooke
Director

26 August 2024

BIG RED WHEEL (BRW) CLINICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
BIG RED WHEEL (BRW) CLINICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Big Red Wheel (BRW) Clinical Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Catton Hall Parkside Drive, Old Catton, Norwich, NR6 7DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 - 0 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

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 within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2022 1,039 1,039
Additions 550 550
At 30 November 2023 1,589 1,589
Accumulated depreciation
At 01 December 2022 260 260
Charge for the financial year 283 283
At 30 November 2023 543 543
Net book value
At 30 November 2023 1,046 1,046
At 30 November 2022 779 779

4. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 5,504 7,371
Other creditors 5,078 4,785
10,582 12,156

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 2,122 0

There are no amounts included above in respect of which any security has been given by the small entity.