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REGISTERED NUMBER: 02554972 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

General Anaesthetic Services Ltd

General Anaesthetic Services Ltd (Registered number: 02554972)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


General Anaesthetic Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: O P Carter





REGISTERED OFFICE: Worth Valley House
Ingrow Bridge Business Park
Halifax Road
Keighley
West Yorkshire
BD21 5EF





REGISTERED NUMBER: 02554972 (England and Wales)





ACCOUNTANTS: Malcolm Jones & Co LLP
Accountants and Business Advisors
West Hill House
Allerton Hill
Chapel Allerton
Leeds
West Yorkshire
LS7 3QB

General Anaesthetic Services Ltd (Registered number: 02554972)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,070 42,168

CURRENT ASSETS
Stocks 157,239 102,791
Debtors 5 181,748 260,591
Cash at bank and in hand 146,694 177,039
485,681 540,421
CREDITORS
Amounts falling due within one year 6 234,641 284,572
NET CURRENT ASSETS 251,040 255,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,110

298,017

CREDITORS
Amounts falling due after more than one
year

7

-

780
NET ASSETS 289,110 297,237

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 279,110 287,237
SHAREHOLDERS' FUNDS 289,110 297,237

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 director acknowledges his 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.

General Anaesthetic Services Ltd (Registered number: 02554972)

Balance Sheet - continued
31 December 2023


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 by the director and authorised for issue on 25 September 2024 and were signed by:





O P Carter - Director


General Anaesthetic Services Ltd (Registered number: 02554972)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

General Anaesthetic Services 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.

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.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 25% on cost
Plant and machinery etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

General Anaesthetic Services Ltd (Registered number: 02554972)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Trade debtors
The company receives advances on account of Trade debtors. Trade debtors are shown at the full value of debts due from customers and factoring advances received on account of outstanding debts are shown under creditors. Costs and interest are charged against profits on an actual basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 31,456 213,381 244,837
Additions - 25,473 25,473
Disposals - (10,500 ) (10,500 )
At 31 December 2023 31,456 228,354 259,810
DEPRECIATION
At 1 January 2023 31,456 171,213 202,669
Charge for year - 22,353 22,353
Eliminated on disposal - (3,282 ) (3,282 )
At 31 December 2023 31,456 190,284 221,740
NET BOOK VALUE
At 31 December 2023 - 38,070 38,070
At 31 December 2022 - 42,168 42,168

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 21,485
DEPRECIATION
At 1 January 2023 20,141
Charge for year 1,344
At 31 December 2023 21,485
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,344

General Anaesthetic Services Ltd (Registered number: 02554972)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 149,056 240,229
Other debtors 32,692 20,362
181,748 260,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 780 2,338
Trade creditors 58,659 9,110
Taxation and social security 45,925 93,310
Other creditors 129,277 179,814
234,641 284,572

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts - 780

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 780 3,118
Factoring advances 85,558 157,091
86,338 160,209

On 15 December 2008 an All Assets Debenture charge was raised in favour of LloydsTSB Commercial Finance Limited, covering all monies, obligations and liabilities due, owing or incurred to that company.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
O P Carter
Balance outstanding at start of year 4,680 11,707
Amounts advanced - 4,680
Amounts repaid (4,680 ) (11,707 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,680