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Registration number: 08722476

Gwent ENT Services Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Period from 1 April 2023 to 31 July 2024

 

Gwent ENT Services Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Gwent ENT Services Limited

Company Information

Directors

Mr SA Raza

Mrs S Raza

Registered office

Orchard End
Melbourne Way
Newport
NP20 3RH

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Gwent ENT Services Limited

(Registration number: 08722476)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,481

-

Other financial assets

5

113,441

103,648

 

119,922

103,648

Current assets

 

Debtors

128,100

331,207

Cash at bank and in hand

 

486,489

208,149

 

614,589

539,356

Prepayments and accrued income

 

4,418

4,895

Creditors: Amounts falling due within one year

(189)

(80,955)

Net current assets

 

618,818

463,296

Total assets less current liabilities

 

738,740

566,944

Accruals and deferred income

 

(2,442)

(2,190)

Net assets

 

736,298

564,754

Capital and reserves

 

Called up share capital

6

100

100

Revaluation reserve

11,548

1,755

Retained earnings

724,650

562,899

Shareholders' funds

 

736,298

564,754

 

Gwent ENT Services Limited

(Registration number: 08722476)
Abridged Balance Sheet as at 31 July 2024

For the financial period ending 31 July 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

.........................................

Mr SA Raza
Director

 

Gwent ENT Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Orchard End
Melbourne Way
Newport
NP20 3RH

The principal place of business is:
Claremont Clinic
St Joseph's Hospital
Harding Avenue
Newport
South Wales
NP20 6ZE

These financial statements were authorised for issue by the Board on 14 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Gwent ENT Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 July 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Gwent ENT Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 July 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,258

2,258

Additions

7,058

7,058

At 31 July 2024

9,316

9,316

Depreciation

At 1 April 2023

2,258

2,258

Charge for the period

577

577

At 31 July 2024

2,835

2,835

Carrying amount

At 31 July 2024

6,481

6,481

 

Gwent ENT Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 July 2024

5

Other financial assets (current and non-current)

2024
£

2023
£

Non-current financial assets

Financial assets at fair value

113,441

103,648

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £55.00 (2023 - £80.00) per each Ordinary

5,500

8,000

 

 

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £21,484 (2023 - £Nil).

 

Gwent ENT Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 31 July 2024

9

Related party transactions

Key management personnel

Relationship: Directors

Summary of transactions with key management

During the year the company made an unsecured, interest free, repayable on demand loan to the directors. At the balance sheet date the amount due to the directors was £190 (2023 - £167,109 owed by the directors).

These transactions have been aggregated by kind. The directors consider that this treatment does not impair a true and fair view of the financial statements.

 

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Mr SA Raza

amounts advanced and repaid

(167,109)

(9,748)

177,047

190

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Mr SA Raza

amounts advanced and repaid

3,864

(170,973)

(167,109)