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Registered number: 09537557
Cornwall Urology Clinic Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Abbotswood
Trevear House, Old County Court
Alverton Terrace
Penzance
Cornwall
TR18 4GH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09537557
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,779 4,703
3,779 4,703
CURRENT ASSETS
Debtors 5 35,925 63,755
Cash at bank and in hand 133,887 39,135
169,812 102,890
Creditors: Amounts Falling Due Within One Year 6 (37,308 ) (27,436 )
NET CURRENT ASSETS (LIABILITIES) 132,504 75,454
TOTAL ASSETS LESS CURRENT LIABILITIES 136,283 80,157
NET ASSETS 136,283 80,157
CAPITAL AND RESERVES
Called up share capital 7 110 110
Profit and Loss Account 136,173 80,047
SHAREHOLDERS' FUNDS 136,283 80,157
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Munro
Director
30th January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cornwall Urology Clinic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09537557 . The registered office is Trevear House Old County Court, Alverton Terrace, Penzance, Cornwall, TR18 4GH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 18%
Fixtures & Fittings 100%
Computer Equipment 100%
Plant & Machinery 25%
Fixtures & Fittings FYA 100%
Vehicles 18%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 6,010 26,893 - 32,903
Additions - - 956 956
As at 30 April 2024 6,010 26,893 956 33,859
Depreciation
As at 1 May 2023 5,513 22,687 - 28,200
Provided during the period 1,081 799 - 1,880
As at 30 April 2024 6,594 23,486 - 30,080
Net Book Value
As at 30 April 2024 (584 ) 3,407 956 3,779
As at 1 May 2023 497 4,206 - 4,703
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,127 2,010
Other debtors 27,798 49,107
35,925 51,117
Due after more than one year
Other debtors - 12,638
35,925 63,755
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,535 -
Corporation tax 26,295 17,992
Other taxes and social security 1,119 897
Accruals and deferred income 7,359 8,547
37,308 27,436
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
Page 4