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REGISTERED NUMBER: 05383176 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Phil Bolton Anaesthetic Services Ltd

Phil Bolton Anaesthetic Services Ltd (Registered number: 05383176)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Phil Bolton Anaesthetic Services Ltd (Registered number: 05383176)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,230 41,640

CURRENT ASSETS
Debtors 5 4,107 576
Cash at bank 46,156 53,138
50,263 53,714
CREDITORS
Amounts falling due within one year 6 14,450 31,387
NET CURRENT ASSETS 35,813 22,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,043

63,967

PROVISIONS FOR LIABILITIES 5,934 7,912
NET ASSETS 61,109 56,055

CAPITAL AND RESERVES
Called up share capital 7 103 103
Retained earnings 61,006 55,952
SHAREHOLDERS' FUNDS 61,109 56,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th October 2024 and were signed by:





Dr P Bolton - Director


Phil Bolton Anaesthetic Services Ltd (Registered number: 05383176)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. COMPANY INFORMATION

Phil Bolton Anaesthetic Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05383176

Registered office: The Lexicon
Mount Street
Manchester
M2 5NT

The presentation currency of the financial statements is the 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost
Motor Vehicle - 20% Reducing Balance Method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Phil Bolton Anaesthetic Services Ltd (Registered number: 05383176)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 1,658 52,050 53,708
DEPRECIATION
At 1st April 2023 1,658 10,410 12,068
Charge for year - 10,410 10,410
At 31st March 2024 1,658 20,820 22,478
NET BOOK VALUE
At 31st March 2024 - 31,230 31,230
At 31st March 2023 - 41,640 41,640

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,742 -
Other debtors 576 576
Directors' current accounts 789 -
4,107 576

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 14,450 14,948
Directors' current accounts - 16,439
14,450 31,387

Phil Bolton Anaesthetic Services Ltd (Registered number: 05383176)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
2 Ordinary C £1 2 2
1 Ordinary D £1 1 1
103 103

The Ordinary A shares rank equally in terms of voting rights, rights to participate in all dividend distributions and rights to participate in any capital distribution on winding up.

The Ordinary B shares, Ordinary C shares and Ordinary D shares do not hold any voting rights and dividend rights are at the discretion of the Ordinary A shareholders.

The A, B, C and D shares rank pari passu in respect of capital distribution rights.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£    £   
Dr P Bolton
Balance outstanding at start of year (16,439 ) (29,410 )
Amounts advanced 58,284 56,595
Amounts repaid (41,056 ) (43,624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 789 (16,439 )

The loan is repayable on demand and no interest was charged during the year.

9. CONTROL

The ultimate controlling party is Dr Bolton by virtue of holding 100% of the voting share capital.