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Registered number: 15300139









OSD HEALTHCARE ENDOSCOPY CENTRE LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
OSD HEALTHCARE ENDOSCOPY CENTRE LIMITED
REGISTERED NUMBER: 15300139

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
228,247

Current assets
  

Debtors: amounts falling due after more than one year
 5 
96,541

Debtors: amounts falling due within one year
 5 
80,000

Cash at bank and in hand
 6 
1

  
176,542

Creditors: amounts falling due within one year
 7 
(13,710)

Net current assets
  
 
 
162,832

  

Net assets
  
391,079


Capital and reserves
  

Called up share capital 
  
20,000

Share premium account
  
349,498

Profit and loss account
  
21,581

  
391,079


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P J Bates
Directors

Date: 20 January 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
OSD HEALTHCARE ENDOSCOPY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

OSD Healthcare Endoscopy Centre Limited is a private limited company incorporated in England and Wales and is limited by shares. The address of the registered office is One Medical House, Boundary Way, Hemel Hempstead, Hertfordshire, HP2 7YU.
The principal activity of the Company was that of an endoscopy centre. 
The financial statements are presented in sterling which is the functional currency of the Company and
rounded to the nearest £.
The Company was incorporated on 21 November 2023. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for a period of at least 12 months following the approval of these financial statements. The Directors are of the opinion that the Company can meet its liabilities as they fall due. 

Page 2

 
OSD HEALTHCARE ENDOSCOPY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company is part of a Group that operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group  has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
OSD HEALTHCARE ENDOSCOPY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office & medical equipment
-
10%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.

Page 4

 
OSD HEALTHCARE ENDOSCOPY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Office & medical equipment

£



Cost or valuation


Transfers intra group
459,379



At 30 September 2024

459,379



Depreciation


Charge for the period on owned assets
61,251


Transfers intra group
169,881



At 30 September 2024

231,132



Net book value



At 30 September 2024
228,247


5.


Debtors

2024
£

Due after more than one year

Amounts owed by group undertakings
96,541


2024
£

Due within one year

Amounts owed by group undertakings
80,000



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1


Page 5

 
OSD HEALTHCARE ENDOSCOPY CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
13,710



8.


Pension commitments

The Company has no employees nor seperate pension scheme but is included within its parent company and costs recharged. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,268. Contributions totalling £nil were payable to the fund at the reporting date. 


9.


Related party transactions

The Company has not entered into any transactions with related parties that are not conducted on normal commercial terms and conditions during the period. 


10.


Controlling party

The Company is a wholly owned subsidiary of One Stop Doctors Limited, a company incorporated in England and Wales. Its ultimate parent company is One Stop Private Doctors Limited, which is controlled by P W Harris, a director of the Company, by virtue of his majority shareholding.
The results of the Company have been consolidated and copies of the group financial statements can be obtained from:
Companies House
Crown Way
Cardiff
CF14 3UZ


11.


Auditors' information

The auditors' report on the financial statements for the period ended 30 September 2024 was unqualified.

The audit report was signed on 27 January 2025 by Grant Franklin ACA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.

 
Page 6