Communitas Clinics Limited
Unaudited Financial Statements
For the year ended 30 November 2023
Pages for Filing with Registrar
Company Registration No. 06329434 (England and Wales)
Communitas Clinics Limited
Company Information
Directors
C Lyons
N Vajpeyi
V Bernard
Secretary
C Lyons
Company number
06329434
Registered office
83 Brigstock Road
Thornton Heath
Surrey
CR7 7JH
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Communitas Clinics Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Communitas Clinics Limited
Balance Sheet
As at 30 November 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
348,932
328,085
Investments
4
100,001
100,001
448,933
428,086
Current assets
Stock
51,300
51,295
Debtors
5
1,088,348
1,061,666
Cash at bank and in hand
1,066,349
480,545
2,205,997
1,593,506
Creditors: amounts falling due within one year
6
(956,682)
(640,241)
Net current assets
1,249,315
953,265
Total assets less current liabilities
1,698,248
1,381,351
Provisions for liabilities
7
(87,233)
(82,021)
Net assets
1,611,015
1,299,330
Capital and reserves
Called up share capital
8
1,641
1,641
Share premium account
310,053
310,053
Capital redemption reserve
19
19
Profit and loss reserves
1,299,302
987,617
Total equity
1,611,015
1,299,330
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
Communitas Clinics Limited
Balance Sheet (Continued)
As at 30 November 2023
Page 2
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 August 2024 and are signed on its behalf by:
C Lyons
V Bernard
Director
Director
Company Registration No. 06329434
Communitas Clinics Limited
Notes to the Financial Statements
For the year ended 30 November 2023
Page 3
1
Accounting policies
Company information
Communitas Clinics Limited is a private company limited by shares incorporated in England and Wales. The registered office is 83 Brigstock Road, Thornton Heath, Surrey, CR7 7JH.
1.1
Accounting convention
These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The 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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for NHS services.
1.3
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% reducing balance
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
1.5
Cash at bank and in hand
Cash and cash equivalents include deposits held at call with banks.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS102 to all of its financial instruments. The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as ‘other’ or basic instruments measured at fair value.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Communitas Clinics Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2023
1
Accounting policies
(Continued)
Page 4
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.9
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10
Retirement benefits
The company makes payments to defined contribution retirement benefit schemes for the benefit of its employees. Contributions payable are charged as an expense as they fall due.
1.11
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Communitas Clinics Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2023
Page 5
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
94
80
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022
551,880
Additions
97,699
At 30 November 2023
649,579
Depreciation and impairment
At 1 December 2022
223,795
Depreciation charged in the year
76,852
At 30 November 2023
300,647
Carrying amount
At 30 November 2023
348,932
At 30 November 2022
328,085
4
Fixed asset investments
2023
2022
£
£
Unlisted investments
100,001
100,001
Communitas Clinics Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2023
4
Fixed asset investments
(Continued)
Page 6
Movements in fixed asset investments
Investments
£
Cost
At 1 December 2022
100,001
Additions
230,000
At 30 November 2023
330,001
Carrying amount
At 30 November 2023
330,001
At 30 November 2022
100,001
Error! Does not agree to TB:
100,001
Difference
230,000
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
748,579
851,902
Other debtors
264,797
161,936
Prepayments and accrued income
74,972
47,828
1,088,348
1,061,666
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
417,532
451,431
Corporation tax
152,774
26,198
Other taxation and social security
53,071
49,269
Other creditors
182,334
32,348
Accruals and deferred income
150,971
80,995
956,682
640,241
Included within other creditors is an amount of £35,215 (2022: £29,639) due as pensions payable.
Communitas Clinics Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2023
Page 7
7
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
87,233
82,021
8
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
164,091 Ordinary shares of 1p each
1,641
1,641
9
Related party transactions
The company has brought goods or services on normal commercial terms from the directors, or entities in which the directors have an interest, to a total value of £213,848 (2022: £184,991). At the balance sheet date a total of £2,408 (2022: £122,984) was owed from the directors or entities.
During the year, directors received dividends amounting to £186,066 (2022: £nil). The bank overdraft is personally secured to the value of £25,000 by C Lyons and N Vajpeyi who are both company directors.
At the balance sheet date, included in other debtors is a total of £230,000 was owed from an company under common directorship. The loan is repayable within 12 months and has accrued interest totalling £6,489.