Registered number
06345037
Manor Surgery Ltd
Filleted Accounts
31 March 2024
Manor Surgery Ltd
Registered number: 06345037
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 44,738 53,397
Tangible assets 4 388,764 382,626
433,502 436,023
Current assets
Stocks 2,150 2,150
Debtors 5 138,100 203,793
Cash at bank and in hand 89,385 86,541
229,635 292,484
Creditors: amounts falling due within one year 6 (289,466) (264,582)
Net current (liabilities)/assets (59,831) 27,902
Total assets less current liabilities 373,671 463,925
Creditors: amounts falling due after more than one year 7 - (25,988)
Provisions for liabilities (10,683) (10,683)
Net assets 362,988 427,254
Capital and reserves
Called up share capital 100 100
Profit and loss account 362,888 427,154
Shareholders' funds 362,988 427,254
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Henri Wafula
Director
Approved by the board on 17 January 2025
Manor Surgery Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 545,590
At 31 March 2024 545,590
Amortisation
At 1 April 2023 492,193
Provided during the year 8,659
At 31 March 2024 500,852
Net book value
At 31 March 2024 44,738
At 31 March 2023 53,397
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 315,959 290,504 606,463
Additions - 23,369 23,369
At 31 March 2024 315,959 313,873 629,832
Depreciation
At 1 April 2023 - 223,837 223,837
Charge for the year - 17,231 17,231
At 31 March 2024 - 241,068 241,068
Net book value
At 31 March 2024 315,959 72,805 388,764
At 31 March 2023 315,959 66,667 382,626
5 Debtors 2024 2023
£ £
Trade debtors 18,780 47,624
Amounts owed by group undertakings and undertakings in which the company has a participating interest 106,169 143,018
Other debtors 13,151 13,151
138,100 203,793
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,841 11,847
Taxation and social security costs 272,203 248,813
Other creditors 6,422 3,922
289,466 264,582
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 25,988
8 Other information
Manor Surgery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
48 Vernon Crescent
Ravenshead
Nottingham
NG15 9BQ
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