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No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
12462544
2023-04-01
2024-03-31
12462544
2024-03-31
12462544
2023-03-31
12462544
2022-04-01
2023-03-31
12462544
2023-03-31
12462544
2022-03-31
12462544
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2023-04-01
2024-03-31
12462544
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-04-01
2024-03-31
12462544
core:FurnitureFittings
2023-04-01
2024-03-31
12462544
bus:LeadAgentIfApplicable
2023-04-01
2024-03-31
12462544
bus:Director1
2023-04-01
2024-03-31
12462544
core:WithinOneYear
2024-03-31
12462544
core:WithinOneYear
2023-03-31
12462544
core:RetainedEarningsAccumulatedLosses
2024-03-31
12462544
core:RetainedEarningsAccumulatedLosses
2023-03-31
12462544
core:CostValuation
core:Non-currentFinancialInstruments
2023-03-31
12462544
core:Non-currentFinancialInstruments
core:OtherIncreaseDecreaseInInvestments
2024-03-31
12462544
core:Non-currentFinancialInstruments
2023-03-31
12462544
bus:SmallEntities
2023-04-01
2024-03-31
12462544
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
12462544
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
12462544
bus:CompanyLimitedByGuarantee
2023-04-01
2024-03-31
12462544
bus:AbridgedAccounts
2023-04-01
2024-03-31
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
|
All of the members of Bromsgrove Primary Care Network And Associates Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
12462544
BROMSGROVE PRIMARY CARE NETWORK AND ASSOCIATES LIMITED |
|
COMPANY LIMITED BY GUARANTEE |
|
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS |
|
BROMSGROVE PRIMARY CARE NETWORK AND ASSOCIATES LIMITED |
|
COMPANY LIMITED BY GUARANTEE |
|
REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
BROMSGROVE PRIMARY CARE NETWORK AND ASSOCIATES LIMITED |
|
YEAR ENDED 31 MARCH 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Bromsgrove Primary Care Network And Associates Limited for the year ended 31 March 2024, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LANGARD LIFFORD HALL LIMITED
Accountants and Registered Auditors
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
15 October 2024
BROMSGROVE PRIMARY CARE NETWORK AND ASSOCIATES LIMITED |
|
COMPANY LIMITED BY GUARANTEE |
|
ABRIDGED STATEMENT OF FINANCIAL POSITION |
|
31 March 2024
Fixed Assets
Intangible assets |
6 |
|
1,093 |
|
– |
Tangible assets |
7 |
|
61,551 |
|
87,938 |
Investments |
8 |
|
– |
|
30,000 |
|
|
------------ |
|
------------ |
|
|
62,644 |
|
117,938 |
|
|
|
|
|
|
Current Assets
Debtors |
158,310 |
|
155,852 |
|
Cash at bank and in hand |
479,564 |
|
302,834 |
|
|
------------ |
|
------------ |
|
|
637,874 |
|
458,686 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
560,886 |
|
405,726 |
|
|
------------ |
|
------------ |
|
Net Current Assets |
|
76,988 |
|
52,960 |
|
|
------------ |
|
------------ |
Total Assets Less Current Liabilities |
|
139,632 |
|
170,898 |
|
|
------------ |
|
------------ |
Net Assets |
|
139,632 |
|
170,898 |
|
|
------------ |
|
------------ |
|
|
|
|
|
Capital and Reserves
Profit and loss account |
|
139,632 |
|
170,898 |
|
|
------------ |
|
------------ |
Members Funds |
|
139,632 |
|
170,898 |
|
|
------------ |
|
------------ |
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
BROMSGROVE PRIMARY CARE NETWORK AND ASSOCIATES LIMITED |
|
COMPANY LIMITED BY GUARANTEE |
|
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
|
31 March 2024
For the year ending 31 March 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 abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
15 October 2024
, and are signed on behalf of the board by:
Dr E C A Barrett |
Director |
|
Company registration number:
12462544
BROMSGROVE PRIMARY CARE NETWORK AND ASSOCIATES LIMITED |
|
COMPANY LIMITED BY GUARANTEE |
|
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 2024
1.
General Information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2.
Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Website costs |
- |
25% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Freehold property |
- |
10% reducing balance |
|
Fixtures and fittings |
- |
20% reducing balance |
|
Computer equipment & medical equipment |
- |
25% and 33% straight line
|
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Company Limited by Guarantee
The company is limited by guarantee and has no share capital.
5.
Employee Numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
6.
Intangible Assets
|
£ |
Cost |
|
At 1 April 2023 |
– |
Additions |
1,116 |
|
------------ |
At 31 March 2024 |
1,116 |
|
------------ |
Amortisation |
|
At 1 April 2023 |
– |
Charge for the year |
23 |
|
------------ |
At 31 March 2024 |
23 |
|
------------ |
Carrying amount |
|
At 31 March 2024 |
1,093 |
|
------------ |
At 31 March 2023 |
– |
|
------------ |
|
|
7.
Tangible Assets
|
£ |
Cost |
|
At 1 April 2023 |
102,648 |
Additions |
5,522 |
|
------------ |
At 31 March 2024 |
108,170 |
|
------------ |
Depreciation |
|
At 1 April 2023 |
14,710 |
Charge for the year |
31,909 |
|
------------ |
At 31 March 2024 |
46,619 |
|
------------ |
Carrying amount |
|
At 31 March 2024 |
61,551 |
|
------------ |
At 31 March 2023 |
87,938 |
|
------------ |
|
|
8.
Investments
|
£ |
Cost |
|
At 1 April 2023 |
30,000 |
Other movements |
(
30,000) |
|
------------ |
At 31 March 2024 |
– |
|
------------ |
Impairment |
|
At 1 April 2023 and 31 March 2024 |
– |
|
------------ |
Carrying amount |
|
At 31 March 2023 |
30,000 |
|
------------ |
|
|