Registered number: 06938335
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Richard Fisher & Associates Ltd
Financial statements
Information for filing with the registrar
30 September 2024
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Richard Fisher & Associates Ltd
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Balance sheet
At 30 September 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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1
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Richard Fisher & Associates Ltd
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Balance sheet (continued)
At 30 September 2024
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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 comprehensive income 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 on 24 February 2025.
Company registered number: 06938335
The notes on pages 3 to 6 form part of these financial statements.
2
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Richard Fisher & Associates Ltd
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Notes to the financial statements
Year ended 30 September 2024
Richard Fisher & Associates Ltd ("the company") is a private company limited by shares, incorporated in
the United Kingdom and registered in England. The address of the registered office is 31 York Street,
Dunnington, York, North Yorkshire, YO19 5QT.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared in accordance with Section 1A of the Financial
Reporting Standards 102 'The Financial Reporting Standard applicabe in the United Kingdom and
the Republic of Ireland' (FRS 102) and the Companies Act 2006.
The turnover shown in the profit and loss account represents income received from private fees and capitation schemes during the period.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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.
3
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Richard Fisher & Associates Ltd
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Notes to the financial statements
Year ended 30 September 2024
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
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.
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The average monthly number of employees, including directors, during the year was 22 (2023: 22).
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4
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Richard Fisher & Associates Ltd
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Notes to the financial statements
Year ended 30 September 2024
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Amounts owed by joint ventures and associated undertakings
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Prepayments and accrued income
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5
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Richard Fisher & Associates Ltd
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Notes to the financial statements
Year ended 30 September 2024
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Creditors: amounts falling due within one year
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Other taxation and social security
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Obligations under finance lease and hire purchase contracts
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Accruals and deferred income
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Creditors: amounts falling due after more than one year
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Net obligations under finance leases and hire purchase contracts
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Related party transactions
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During the year, the company operated on normal commercial terms with Dunnington and Strensall Group Practice Limited. The amount owed to Richard Fisher & Associates Ltd was £322,536 (2023: £192,270).
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6
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