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COMPANY REGISTRATION NUMBER: 4165979
St Thomas Surgery Limited
Filleted Unaudited Financial Statements
26 February 2024
St Thomas Surgery Limited
Financial Statements
Year ended 26 February 2024
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 4
St Thomas Surgery Limited
Statement of Financial Position
26 February 2024
2024
2023
Note
£
£
Current assets
Debtors
5
12,721
1,298
Cash at bank and in hand
3,539
9,801
--------
--------
16,260
11,099
Creditors: amounts falling due within one year
6
( 3,263)
( 4,208)
--------
--------
Net current assets
12,997
6,891
--------
-------
Total assets less current liabilities
12,997
6,891
--------
-------
Capital and reserves
Called up share capital
7
1,320
1,320
Profit and loss account
11,677
5,571
--------
-------
Shareholders funds
12,997
6,891
--------
-------
These 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 statement of income and retained earnings has not been delivered.
For the year ending 26 February 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 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 November 2024 , and are signed on behalf of the board by:
Dr RWG Thompson
Director
Company registration number: 4165979
St Thomas Surgery Limited
Notes to the Financial Statements
Year ended 26 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Beg Meil, Park Corner Road, Haverfordwest, Pembrokeshire, SA61 2XA. During the previous period the company changed the year end to the 26 February 2023 for administrative purposes.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
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 represents net invoiced sales of goods and services.
Taxation
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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tax on profit
Major components of tax expense
Period from
Year to
28 Feb 22 to
26 Feb 24
26 Feb 23
£
£
Current tax:
UK current tax expense
3,919
2,481
-------
-------
Tax on profit
3,919
2,481
-------
-------
5. Debtors
2024
2023
£
£
Trade debtors
1,802
339
Other debtors
10,919
959
--------
-------
12,721
1,298
--------
-------
Other debtors include an amount of £nil (2023 - £nil) falling due after more than one year.
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
846
Corporation tax
1,438
2,481
Other creditors
979
1,727
-------
-------
3,263
4,208
-------
-------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
660
660
660
660
Ordinary B shares of £ 1 each
660
660
660
660
-------
-------
-------
-------
1,320
1,320
1,320
1,320
-------
-------
-------
-------
8. Related party transactions
During the year the company paid dividends totalling £10,600 (2023 - £5,400) to the shareholders.