Company Registration No. 07140446 (England and Wales)
PETER HODGKINSON PLASTIC SURGERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
PAGES FOR FILING WITH REGISTRAR
PETER HODGKINSON PLASTIC SURGERY LIMITED
COMPANY INFORMATION
Directors
Mr P Hodgkinson
Mrs E Hodgkinson
Company number
07140446
Registered office
34 The Cloisters
Newcastle upon Tyne
Tyne and Wear
United Kingdom
NE7 7LS
Accountants
Haines Watts
17 Queens Lane
Newcastle Upon Tyne
NE1 1RN
PETER HODGKINSON PLASTIC SURGERY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PETER HODGKINSON PLASTIC SURGERY LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2021
31 January 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,320
9,694
Current assets
Debtors
4
36,522
Cash at bank and in hand
84,157
85,808
84,157
122,330
Creditors: amounts falling due within one year
5
(18,643)
(37,975)
Net current assets
65,514
84,355
Total assets less current liabilities
72,834
94,049
Provisions for liabilities
(1,391)
(1,842)
Net assets
71,443
92,207
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
71,343
92,107
Total equity
71,443
92,207
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PETER HODGKINSON PLASTIC SURGERY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2021
31 January 2021
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 7 September 2021 and are signed on its behalf by:
Mr P Hodgkinson
Mrs E Hodgkinson
Director
Director
Company Registration No. 07140446
PETER HODGKINSON PLASTIC SURGERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
- 3 -
1
Accounting policies
Company information
Peter Hodgkinson Plastic Surgery Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
34 The Cloisters, Newcastle upon Tyne, Tyne and Wear, United Kingdom, NE7 7LS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for goods and services.
Revenue is recogni
s
ed in line with the delivery of service.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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 bases:
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
25% straight line
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 profit or loss
.
1.4
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.5
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
PETER HODGKINSON PLASTIC SURGERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2021
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities. Trade creditors are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
PETER HODGKINSON PLASTIC SURGERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2021
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2020
25,193
Additions
1,013
Disposals
(2,006)
At 31 January 2021
24,200
Depreciation and impairment
At 1 February 2020
15,499
Depreciation charged in the year
3,387
Eliminated in respect of disposals
(2,006)
At 31 January 2021
16,880
Carrying amount
At 31 January 2021
7,320
At 31 January 2020
9,694
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
36,522
5
Creditors: amounts falling due within one year
2021
2020
£
£
Corporation tax
13,001
28,335
Other creditors
5,642
9,640
18,643
37,975