Cornerways Medical Centre Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06063350 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Cornerways Medical Centre Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Dr F Maassarani

L Panter

Dr C Kenny

REGISTERED OFFICE:

Oriel House

2-8 Oriel Road

Bootle

Merseyside

L20 7EP

REGISTERED NUMBER:

06063350 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

21,636

15,756

CURRENT ASSETS

Debtors

5

79,636

97,771

Cash at bank

205,734

284,545

285,370

382,316

CREDITORS

Amounts falling due within one year

6

95,460

178,903

NET CURRENT ASSETS

189,910

203,413

TOTAL ASSETS LESS CURRENT LIABILITIES

211,546

219,169

CREDITORS

Amounts falling due after more than one year

7

(1,999

)

(12,212

)

PROVISIONS FOR LIABILITIES

(5,409

)

(3,939

)

NET ASSETS

204,138

203,018

CAPITAL AND RESERVES

Called up share capital

8

102

Retained earnings

204,036

202,916

SHAREHOLDERS' FUNDS

204,138

203,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

Dr F Maassarani - Director

1.	STATUTORY INFORMATION

Cornerways Medical Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company activities. Sales are presented net of rebates and discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 April 2024

14,500

28,684

-

43,184

Additions

-

9,740

1,794

11,534

At 31 March 2025

14,500

38,424

1,794

54,718

DEPRECIATION

At 1 April 2024

6,525

20,903

-

27,428

Charge for year

2,900

2,162

592

5,654

At 31 March 2025

9,425

23,065

592

33,082

NET BOOK VALUE

At 31 March 2025

5,075

15,359

1,202

21,636

At 31 March 2024

7,975

7,781

-

15,756

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

52,761

93,158

Other debtors

26,875

4,613

79,636

97,771

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,501

10,288

Trade creditors

37,244

37,110

Taxation and social security

35,819

57,865

Other creditors

11,896

73,640

95,460

178,903

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

1,999

12,212

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

A

100

1

B

1

C

1

102

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

L Panter

Balance outstanding at start of year

188

-

Amounts advanced

39,812

188

Amounts repaid

(40,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

188