Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3123falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity27truefalse 06618439 2023-07-01 2024-03-31 06618439 2022-07-01 2023-06-30 06618439 2024-03-31 06618439 2023-06-30 06618439 c:Director2 2023-07-01 2024-03-31 06618439 c:Director3 2023-07-01 2024-03-31 06618439 d:MotorVehicles 2023-07-01 2024-03-31 06618439 d:MotorVehicles 2024-03-31 06618439 d:MotorVehicles 2023-06-30 06618439 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-03-31 06618439 d:FurnitureFittings 2023-07-01 2024-03-31 06618439 d:FurnitureFittings 2024-03-31 06618439 d:FurnitureFittings 2023-06-30 06618439 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-03-31 06618439 d:ComputerEquipment 2023-07-01 2024-03-31 06618439 d:ComputerEquipment 2024-03-31 06618439 d:ComputerEquipment 2023-06-30 06618439 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-03-31 06618439 d:OwnedOrFreeholdAssets 2023-07-01 2024-03-31 06618439 d:CurrentFinancialInstruments 2024-03-31 06618439 d:CurrentFinancialInstruments 2023-06-30 06618439 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06618439 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06618439 d:ShareCapital 2024-03-31 06618439 d:ShareCapital 2023-06-30 06618439 d:RetainedEarningsAccumulatedLosses 2024-03-31 06618439 d:RetainedEarningsAccumulatedLosses 2023-06-30 06618439 c:FRS102 2023-07-01 2024-03-31 06618439 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-03-31 06618439 c:FullAccounts 2023-07-01 2024-03-31 06618439 c:PrivateLimitedCompanyLtd 2023-07-01 2024-03-31 06618439 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06618439 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 06618439 e:PoundSterling 2023-07-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06618439










VILLAGE PRIMARY CARE SERVICES LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
VILLAGE PRIMARY CARE SERVICES LTD
REGISTERED NUMBER: 06618439

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
30 June
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,085
6,846

  
5,085
6,846

Current assets
  

Stocks
  
14,421
12,036

Debtors: amounts falling due within one year
 5 
234,203
152,603

Cash at bank and in hand
  
62,405
33,311

  
311,029
197,950

Creditors: amounts falling due within one year
 6 
(128,456)
(52,403)

Net current assets
  
 
 
182,573
 
 
145,547

Total assets less current liabilities
  
187,658
152,393

Provisions for liabilities
  

Deferred tax
 7 
(1,271)
(1,712)

  
 
 
(1,271)
 
 
(1,712)

Net assets
  
186,387
150,681


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
185,387
149,681

  
186,387
150,681


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 period 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 income statement in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
VILLAGE PRIMARY CARE SERVICES LTD
REGISTERED NUMBER: 06618439
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 March 2025.




Dr A Agarwal
Dr D Wijekoon
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
VILLAGE PRIMARY CARE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Village Primary Care Services Limited is a private company limited by shares and incorporated in England and Wales, registration number 06618439. The registered office is 30 Brook Hill, Little Waltham, Chelmsford, Essex, CM3 3LL.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements. They have considered future trading expectations, the current financial position of the Company and other factors such as mitigating ongoing costs.
Based on this, the Directors have concluded that the company will have adequate resources to continue in operational existence for the foreseeable future from the date of signing these financial statements and will therefore adopt the going concern basis of accounting in preparing these financial statements.

Page 3

 
VILLAGE PRIMARY CARE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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 a member of a multi-employer plan. Where it is not possible for the Company to obtain sufficient information to enable it to account for the plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.

Page 4

 
VILLAGE PRIMARY CARE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

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.

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:

Motor vehicles
-
20% straight line
Fixtures & fittings & equipment
-
20% straight line
Computer equipment
-
20% 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.

Page 5

 
VILLAGE PRIMARY CARE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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 23 (2023 - 27).

Page 6

 
VILLAGE PRIMARY CARE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets







Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
9,390
18,284
13,968
41,642



At 31 March 2024

9,390
18,284
13,968
41,642



Depreciation


At 1 July 2023
2,544
18,284
13,968
34,796


Charge for the period on owned assets
1,761
-
-
1,761



At 31 March 2024

4,305
18,284
13,968
36,557



Net book value



At 31 March 2024
5,085
-
-
5,085



At 30 June 2023
6,846
-
-
6,846


5.


Debtors

31 March
30 June
2024
2023
£
£


Trade debtors
175,411
90,362

Other debtors
56,243
60,814

Prepayments and accrued income
2,549
1,427

234,203
152,603


Page 7

 
VILLAGE PRIMARY CARE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

31 March
30 June
2024
2023
£
£

Other loans
100,939
22,727

Corporation tax
11,308
17,124

Accruals and deferred income
16,209
12,552

128,456
52,403



7.


Deferred taxation






2024


£






At beginning of year
(1,712)


Charged to profit or loss
441



At end of year
(1,271)

The provision for deferred taxation is made up as follows:

31 March
30 June
2024
2023
£
£


Accelerated capital allowances
(1,271)
(1,712)

(1,271)
(1,712)


8.


Related party transactions

At the year end date there was a balance of £100,939 (2023: £22,727) owing to a related party.

 
Page 8