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Company No: 14680531 (England and Wales)

KP SURGERY LIMITED

Unaudited Financial Statements
For the financial period from 21 February 2023 to 31 March 2024
Pages for filing with the registrar

KP SURGERY LIMITED

Unaudited Financial Statements

For the financial period from 21 February 2023 to 31 March 2024

Contents

KP SURGERY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
KP SURGERY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 31.03.2024
£
Current assets
Debtors 3 9,677
Cash at bank and in hand 13,688
23,365
Creditors: amounts falling due within one year 4 ( 6,232)
Net current assets 17,133
Total assets less current liabilities 17,133
Net assets 17,133
Capital and reserves
Called-up share capital 1
Profit and loss account 17,132
Total shareholder's funds 17,133

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of KP Surgery Limited (registered number: 14680531) were approved and authorised for issue by the Director. They were signed on its behalf by:

Mr K P Patel
Director

05 November 2024

KP SURGERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 February 2023 to 31 March 2024
KP SURGERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 February 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

KP Surgery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Fir Tree Cottage The Street, Great Barton, Bury St. Edmunds, IP31 2QP, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The company's first accounting period is from incorporation on 21 February 2023 to 31 March 2024.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Period from
21.02.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 2

3. Debtors

31.03.2024
£
Trade debtors 8,245
Prepayments 1,432
9,677

4. Creditors: amounts falling due within one year

31.03.2024
£
Trade creditors 198
Amounts owed to director 341
Accruals 1,440
Taxation and social security 4,253
6,232