Company Registration No. 03605782 (England and Wales)
Phoenix Medical Advice and Repatriation Limited
Unaudited accounts
for the year ended 31 July 2024
Phoenix Medical Advice and Repatriation Limited
Unaudited accounts
Contents
Phoenix Medical Advice and Repatriation Limited
Company Information
for the year ended 31 July 2024
Directors
Dr T W B B Jayaratne
Dr S C Wickramarachchi
Company Number
03605782 (England and Wales)
Registered Office
Olympic House
Temple Street
Aylesbury
Bucks
HP20 2RQ
Accountants
CJM Accounting Limited
Beacon Hill House
Bicknoller
Taunton
West Somerset
TA4 4ER
Phoenix Medical Advice and Repatriation Limited
Statement of financial position
as at 31 July 2024
Tangible assets
47,697
10,960
Cash at bank and in hand
109,188
2,439
Creditors: amounts falling due within one year
(30,746)
(104,226)
Net current assets
689,021
631,695
Total assets less current liabilities
736,961
643,139
Creditors: amounts falling due after more than one year
(260,880)
(186,338)
Net assets
476,081
456,801
Called up share capital
2
2
Profit and loss account
476,079
456,799
Shareholders' funds
476,081
456,801
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by
Dr S C Wickramarachchi
Director
Company Registration No. 03605782
Phoenix Medical Advice and Repatriation Limited
Notes to the Accounts
for the year ended 31 July 2024
Phoenix Medical Advice and Repatriation Limited is a private company, limited by shares, registered in England and Wales, registration number 03605782. The registered office is Olympic House, Temple Street, Aylesbury, Bucks, HP20 2RQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services supplied to customers during the year, net of Value Added Tax, less returns received.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
33% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Computer software is stated at cost less accumulated depreciation and any accumulated impairment losses. It is amortised over its estimated life of three years using the straight-line method. If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account as they become payable in accordance with the rules of the scheme.
Phoenix Medical Advice and Repatriation Limited
Notes to the Accounts
for the year ended 31 July 2024
Critical accounting estimates and judgements
No significant judgements have had to be made by the directors in preparing these financial statements.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
50,061
-
67,592
117,653
Additions
-
54,541
-
54,541
Disposals
-
-
(7,251)
(7,251)
At 31 July 2024
50,061
54,541
60,341
164,943
At 1 August 2023
49,535
-
57,158
106,693
Charge for the year
1,476
11,999
1,062
14,537
On disposals
-
-
(3,984)
(3,984)
At 31 July 2024
51,011
11,999
54,236
117,246
At 31 July 2024
(950)
42,542
6,105
47,697
At 31 July 2023
526
-
10,434
10,960
Amounts falling due within one year
Trade debtors
603,369
726,284
Phoenix Medical Advice and Repatriation Limited
Notes to the Accounts
for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
61,481
Trade creditors
15,412
14,760
Taxes and social security
8,108
19,573
Loans from directors
2,697
-
There is a fixed and floating charge over the undertaking and its assets in favour of the chargee, HSBC bank.
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
260,880
186,338
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
In line with many care providers, the company is potentailly affected by the recent employement tribunal decison relating to sleep-in payments and National Minimum Wage. It is not possible to caculate the effect with any certainty but it is anticipated to be low as the company did not provide such services throughout the period considered by the tribunal.
11
Average number of employees
During the year the average number of employees was 7 (2023: 7).