PRP Medical Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10215919 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

PRP Medical Services Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,977

712

CURRENT ASSETS

Debtors

5

83,953

40,269

Cash at bank

9,842

64,832

93,795

105,101

CREDITORS

Amounts falling due within one year

6

(31,908

)

(38,111

)

NET CURRENT ASSETS

61,887

66,990

TOTAL ASSETS LESS CURRENT LIABILITIES

63,864

67,702

PROVISIONS FOR LIABILITIES

(376

)

(135

)

NET ASSETS

63,488

67,567

CAPITAL AND RESERVES

Called up share capital

7

101

101

Retained earnings

63,387

67,466

SHAREHOLDERS' FUNDS

63,488

67,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 on 30 March 2020 and were signed on its behalf by:

Dr P Pietrzak - Director

1.	STATUTORY INFORMATION

PRP Medical Services Ltd is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address are as below:

Registered number:

10215919

Registered office:

49 Peter Street

Manchester

M2 3NG

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make

judgements, estimates and assumptions about the carrying amount of assets and liabilities

that are not readily apparent from other sources. The estimates and associated assumptions

are based on historical experience and other factors that are considered to be relevant.

Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to

accounting estimates are recognised in the period in which the estimate is revised where the

revision affects only that period, or in the period of the revision and future periods where the

revision affects both current and future periods.

There have been no critical judgements, estimates or assumptions made in the preparation

of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets

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

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or

valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual

values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between

the sale proceeds and the carrying value of the asset, and is credited or charged to the profit

or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

949

Additions

2,004

At 30 June 2019

2,953

DEPRECIATION

At 1 July 2018

237

Charge for year

739

At 30 June 2019

976

NET BOOK VALUE

At 30 June 2019

1,977

At 30 June 2018

712

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

83,953

40,269

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

29,095

34,638

Other creditors

2,813

3,473

31,908

38,111

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

60

Ordinary A

£1

60

60

40

Ordinary B

£1

40

40

1

Ordinary C

£1

1

1

101

101

The A Shares confer on the holders the right to vote upon any resolution proposed at any

general meeting of the company.

The B and C Shares do not confer on the holders the right to vote upon any resolution

proposed at any general meeting of the company.

The A, B and C Shares rank pari passu in respect of dividend and capital distribution rights.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

30 June 2019 and 30 June 2018:

2019

2018

£

£

Dr P Pietrzak and Mrs R Himpson

Balance outstanding at start of year

531

140

Amounts advanced

136,646

98,292

Amounts repaid

(137,151

)

(97,901

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26

531

The loan is repayable on demand and no interest was charged during the year.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Pietrzak by virtue of holding 100% of the voting Share

Capital.