| Bardoc Family Practices Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
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| 1 |
Statutory Information |
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Bardoc Family Practices Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
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Moorgate Primary Care Centre |
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22 Derby Way |
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Bury |
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Lancashire |
|
BL9 0NJ |
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| 2 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Tangible fixed assets |
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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: |
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Fixtures and fittings |
20% on cost |
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Computer Equipment |
33.33% on cost |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Stocks |
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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. |
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Debtors |
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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. |
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Creditors |
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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. |
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Cash and cash equivalents |
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Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. |
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Borrowings |
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Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs,and the amount due on redemption being recognised as a charge to the Profit and Loss account over the period of the relevant borrowing. |
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Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. |
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Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. |
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Taxation |
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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. |
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Defined Contribution Pension Obligation |
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A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. |
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| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
24 |
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42 |
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| 4 |
Operating Loss |
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The operating loss is stated after charging: |
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2025 |
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2024 |
| £ |
£ |
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Depreciation - owned assets |
2,062 |
|
4,460 |
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2,062 |
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4,460 |
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| 4 |
Tangible fixed assets |
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Fixture and fitting |
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Computer Equipment |
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Total |
| £ |
£ |
£ |
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Cost |
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At 1 April 2024 |
5,097 |
|
24,395 |
|
29,492 |
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Additions |
918 |
|
581 |
|
1,499 |
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At 31 March 2025 |
6,015 |
|
24,976 |
|
30,991 |
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Depreciation |
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At 1 April 2024 |
3,191 |
|
22,924 |
|
26,115 |
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Charge for the year |
657 |
|
1,405 |
|
2,062 |
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At 31 March 2025 |
3,848 |
|
24,329 |
|
28,177 |
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Net book value |
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At 31 March 2025 |
2,167 |
|
647 |
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2,814 |
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At 31 March 2024 |
1,906 |
|
1,471 |
|
3,377 |
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| 5 |
Investments |
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| Other |
| investments |
| £ |
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Cost |
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At 1 April 2024 |
41 |
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At 31 March 2025 |
41 |
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| 7 |
Stock |
2025 |
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2024 |
| £ |
£ |
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Stock |
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4,000 |
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4,000 |
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|
4,000 |
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4,000 |
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| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
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Trade debtors |
77,991 |
|
45,222 |
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Other debtors |
- |
|
18,349 |
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|
77,991 |
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63,571 |
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| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Trade creditors |
300,824 |
|
454,654 |
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Taxation and social security costs |
13,139 |
|
15,457 |
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Other creditors |
458,597 |
|
584,939 |
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Accruals |
(102,060) |
|
253,161 |
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|
670,500 |
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1,308,211 |
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| 10 |
Related Party Disclosures |
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The amount owed to ultimate holding company Bardoc Ltd was £63,589 (2024: £584,939). |
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| 11 |
Ultimate Controlling Party |
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The ultimate holding company is Bardoc Limited a company registered as an Industrial Provident Company. |
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| 12 |
Going Concern |
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The company is only able to trade due to the support of Bardoc Limited. |