Company Registration No. 03633557 (England and Wales)
U And I Clinic Limited
Unaudited accounts
for the year ended 31 December 2023
U And I Clinic Limited
Unaudited accounts
Contents
U And I Clinic Limited
Company Information
for the year ended 31 December 2023
Company Number
03633557 (England and Wales)
Registered Office
16 Newmarket New Market
Otley
LS21 3AE
England
Accountants
Cranbourne Accountancy and Taxation Services
16 Newmarket
Otley
West Yorkshire
LS21 3AE
U And I Clinic Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
519
2,936
Creditors: amounts falling due within one year
(360)
(2,394)
Net current assets
159
1,069
Called up share capital
100
100
Profit and loss account
59
1,233
Shareholders' funds
159
1,333
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2024 and were signed on its behalf by
V K Oldham
Director
Company Registration No. 03633557
U And I Clinic Limited
Notes to the Accounts
for the year ended 31 December 2023
U And I Clinic Limited is a private company, limited by shares, registered in England and Wales, registration number 03633557. The registered office is 16 Newmarket New Market, Otley, LS21 3AE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
U And I Clinic Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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Tangible fixed assets
Fixtures & fittings
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
180
1,136
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).