Crosbie Medical Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11787312 (England and Wales)

Unaudited Financial Statements

for the Period 25 January 2019 to 31 January 2020

for

Crosbie Medical Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

138

Cash at bank

39,119

39,257

CREDITORS

Amounts falling due within one year

5

11,941

NET CURRENT ASSETS

27,316

TOTAL ASSETS LESS CURRENT LIABILITIES

27,316

CAPITAL AND RESERVES

Called up share capital

6

203

Retained earnings

27,113

SHAREHOLDERS' FUNDS

27,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2020 and were signed on its behalf by:

Dr P Crosbie - Director

1.	COMPANY INFORMATION

Crosbie Medical Limited 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:

11787312

Registered office:

First Floor

49 Peter Street

Manchester

M2 3NG

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' current accounts

138

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

11,028

Accrued expenses

913

11,941

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A

£1

100

100

Ordinary B

£1

100

3

Ordinary D

£1

3

203

On incorporation 100A and 100B Ordinary Shares were issued at par.

On 25 March 2019 3D shares were issued at par

The A and B Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The D 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 D Shares rank pari passu in respect of dividend and capital distribution rights.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 January 2020:

£

Dr P Crosbie and Dr E Crosbie

Balance outstanding at start of period

-

Amounts advanced

20,278

Amounts repaid

(20,140

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

138

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

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr P Crosbie.