IRIS Accounts Production v24.1.4.33 07700937 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false ordinary A shares 1.00000 ordinary D shares 1.00000 ordinary E shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077009372022-12-31077009372023-12-31077009372023-01-012023-12-31077009372021-12-31077009372022-01-012022-12-31077009372022-12-3107700937ns15:EnglandWales2023-01-012023-12-3107700937ns14:PoundSterling2023-01-012023-12-3107700937ns10:Director12023-01-012023-12-3107700937ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107700937ns10:SmallEntities2023-01-012023-12-3107700937ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107700937ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107700937ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107700937ns10:FullAccounts2023-01-012023-12-3107700937ns10:OrdinaryShareClass12023-01-012023-12-3107700937ns10:OrdinaryShareClass22023-01-012023-12-3107700937ns10:OrdinaryShareClass32023-01-012023-12-3107700937ns10:Director22023-01-012023-12-3107700937ns10:Director32023-01-012023-12-3107700937ns10:RegisteredOffice2023-01-012023-12-3107700937ns5:CurrentFinancialInstruments2023-12-3107700937ns5:CurrentFinancialInstruments2022-12-3107700937ns5:ShareCapital2023-12-3107700937ns5:ShareCapital2022-12-3107700937ns5:RetainedEarningsAccumulatedLosses2023-12-3107700937ns5:RetainedEarningsAccumulatedLosses2022-12-3107700937ns5:PlantMachinery2023-01-012023-12-3107700937ns5:PlantMachinery2022-12-3107700937ns5:PlantMachinery2023-12-3107700937ns5:PlantMachinery2022-12-3107700937ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107700937ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107700937ns10:OrdinaryShareClass12023-12-3107700937ns10:OrdinaryShareClass22023-12-3107700937ns10:OrdinaryShareClass32023-12-31
REGISTERED NUMBER: 07700937 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GLAN YR AFON SURGERY LTD

GLAN YR AFON SURGERY LTD (REGISTERED NUMBER: 07700937)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


GLAN YR AFON SURGERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Dr K G Syal
Dr G Mathews
Dr A Samarasinghe





REGISTERED OFFICE: Glan Yr Afon Surgery
Shop Row
Tredegar
NP22 4LB





REGISTERED NUMBER: 07700937 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8RS

GLAN YR AFON SURGERY LTD (REGISTERED NUMBER: 07700937)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,663 1,056

CURRENT ASSETS
Debtors 5 121,168 87,524
Cash at bank 101,983 110,993
223,151 198,517
CREDITORS
Amounts falling due within one year 6 (201,589 ) (150,466 )
NET CURRENT ASSETS 21,562 48,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,225

49,107

PROVISIONS FOR LIABILITIES (695 ) (200 )
NET ASSETS 24,530 48,907

CAPITAL AND RESERVES
Called up share capital 7 125 125
Retained earnings 24,405 48,782
SHAREHOLDERS' FUNDS 24,530 48,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:



Dr K G Syal - Director


GLAN YR AFON SURGERY LTD (REGISTERED NUMBER: 07700937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Glan yr Afon Surgery Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which assumes the continuing support of the company's directors, bankers and other creditors. The directors believe that this support will continue and are satisfied that the company is a going concern.

TURNOVER
Turnover represents amounts receivable for services provided.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on cost

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

FINANCIAL INSTRUMENTS
Financial instruments are initially measured at fair value on the date on which it is entered into and are subsequently measured at fair value through 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.

GLAN YR AFON SURGERY LTD (REGISTERED NUMBER: 07700937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
An NHS superannuation pension scheme is operated. Superannuation contributions payable to the scheme are charged to the profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 9,599
Additions 3,699
At 31 December 2023 13,298
DEPRECIATION
At 1 January 2023 8,543
Charge for year 1,092
At 31 December 2023 9,635
NET BOOK VALUE
At 31 December 2023 3,663
At 31 December 2022 1,056

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 103,092 73,187
Other debtors 18,076 14,337
121,168 87,524

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 57,774 52,783
Taxation and social security 143,815 97,683
201,589 150,466

GLAN YR AFON SURGERY LTD (REGISTERED NUMBER: 07700937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 ordinary A shares 1 50 50
50 ordinary D shares 1 50 50
25 ordinary E shares 1 25 25
125 125

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the following material transactions with Directors took place:

Dr K G Syal

£
Due to director at 1 January 2023-
Drawn from the company during the year to 31 December 2023(218,311)
Repaid to the company during the year to 31 December 20237,542
Dividends declared210,769
Due to director at 31 December 2023-


Dr G Mathews

£
Due to director at 1 January 2023-
Drawn from the company during the year to 31 December 2023(192,699)
Repaid to the company during the year to 31 December 2023 10,388
Dividends declared182,311
Due to director at 31 December 2023-

Dr A Samarasinghe

£
Due to director at 1 January 2023-
Drawn from the company during the year to 31 December 2023(97,339)
Dividends declared97,339
Due to director at 31 December 2023-