Al-Ausi Medical Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08882205 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Al-Ausi Medical Services Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M Al-Ausi

R Al-Ausi

REGISTERED OFFICE:

One St. Peter's Square

Manchester

M2 3DE

REGISTERED NUMBER:

08882205 (England and Wales)

ACCOUNTANTS:

Mazars LLP

One St. Peter's Square

Manchester

M2 3DE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Al-Ausi Medical Services Limited for the year ended 30 April 2020 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Al-Ausi Medical Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Al-Ausi Medical Services Limited and state those matters that we have agreed to state to the Board of Directors of Al-Ausi Medical Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Al-Ausi Medical Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Al-Ausi Medical Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Al-Ausi Medical Services Limited. You consider that Al-Ausi Medical Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Al-Ausi Medical Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mazars LLP

One St. Peter's Square

Manchester

M2 3DE

28 January 2021

FIXED ASSETS

Tangible assets

4

24,253

30,848

CURRENT ASSETS

Debtors

5

5,874

14,076

Cash at bank

127,838

89,284

133,712

103,360

CREDITORS

Amounts falling due within one year

6

9,607

12,402

NET CURRENT ASSETS

124,105

90,958

TOTAL ASSETS LESS CURRENT LIABILITIES

148,358

121,806

PROVISIONS FOR LIABILITIES

4,608

5,861

NET ASSETS

143,750

115,945

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

143,740

115,935

143,750

115,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2021 and were signed on its behalf by:

M Al-Ausi - Director

1.	STATUTORY INFORMATION

Al-Ausi Medical Services 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.

Cash and cash equivalents

These comprise cash at bank and other short-term, highly liquid bank deposits with an original maturity of three months or less.

Debtors

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the asset is impaired.

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2019

14,303

63,530

12,330

90,163

Additions

-

-

1,458

1,458

Disposals

-

-

(938

)

(938

)

At 30 April 2020

14,303

63,530

12,850

90,683

DEPRECIATION

At 1 May 2019

7,947

43,429

7,939

59,315

Charge for year

1,589

5,025

1,142

7,756

Eliminated on disposal

-

-

(641

)

(641

)

At 30 April 2020

9,536

48,454

8,440

66,430

NET BOOK VALUE

At 30 April 2020

4,767

15,076

4,410

24,253

At 30 April 2019

6,356

20,101

4,391

30,848

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

1,086

7,896

Directors' current accounts

4,788

6,180

5,874

14,076

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Tax

8,496

11,346

Accruals and deferred income

1,111

1,056

9,607

12,402

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2020 and 30 April 2019:

30.4.20

30.4.19

£

£

M Al-Ausi and R Al-Ausi

Balance outstanding at start of year

6,180

1,627

Amounts advanced

20,005

49,167

Amounts repaid

(21,397

)

(44,614

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,788

6,180