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Registration number: 8399811

The Stress and Trauma Centre Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 29 February 2024

 

The Stress and Trauma Centre Ltd

(Registration number: 8399811)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

36,494

6,232

Current assets

 

Debtors

5

475,304

337,580

Cash at bank and in hand

 

1,093,063

1,187,054

 

1,568,367

1,524,634

Prepayments and accrued income

 

1,410

10,763

Creditors: Amounts falling due within one year

(116,092)

(148,313)

Net current assets

 

1,453,685

1,387,084

Total assets less current liabilities

 

1,490,179

1,393,316

Provisions for liabilities

(9,123)

(1,583)

Accruals and deferred income

 

(2,779)

(82,833)

Net assets

 

1,478,277

1,308,900

Capital and reserves

 

Called up share capital

6

103

103

Retained earnings

1,478,174

1,308,797

Shareholders' funds

 

1,478,277

1,308,900

For the financial year ending 29 February 2024 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

The Stress and Trauma Centre Ltd

(Registration number: 8399811)
Abridged Balance Sheet as at 29 February 2024

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 6 August 2024 and signed on its behalf by:
 

.........................................
Mr Matthew Wesson
Director

 

The Stress and Trauma Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
8 The Dale
Tiverton
Cheshire
CW6 9ND
England

These financial statements were authorised for issue by the Board on 6 August 2024.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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 and deferred 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 Stress and Trauma Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Motor Vehicles

25% Straight Line

Furniture,Fittings and Equipment

25% Straight Line

Plant and Machinery

25% Straight Line

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.

 

The Stress and Trauma Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

The Stress and Trauma Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

13,701

-

22,491

36,192

Additions

433

1,180

41,685

43,298

At 29 February 2024

14,134

1,180

64,176

79,490

Depreciation

At 1 March 2023

7,469

-

22,491

29,960

Charge for the year

2,320

295

10,421

13,036

At 29 February 2024

9,789

295

32,912

42,996

Carrying amount

At 29 February 2024

4,345

885

31,264

36,494

At 28 February 2023

6,232

-

-

6,232

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A Shares of £1 each

2

2

2

2

Ordinary B Shares of £1 each

100

100

100

100

Ordinary C Shares of £1 each

1

1

1

1

 

103

103

103

103

 

The Stress and Trauma Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

7

Related party transactions

Transactions with directors

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 29 February 2024
£

Directors Loan

6,532

118,576

(6,532)

118,576

         
       

 

2023

At 1 March 2022
£

Advances to director
£

At 28 February 2023
£

Directors Loan

-

6,532

6,532

       
     

 

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,140

24,138

Contributions paid to money purchase schemes

114,900

79,200

140,040

103,338

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

225,000

225,000

At end of period

225,000

225,000

2023

Entities with joint control or significant influence
£

Total
£

At start of period

225,000

225,000

At end of period

225,000

225,000

Terms of loans to related parties

 

The Stress and Trauma Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Loan to Lochsons Limited no interest chargeable.
 Directors Loan - interest charged at the HMRC official rate. Loan repayable on demand.