Report of the Directors and
Unaudited Financial Statements for the Year Ended 30 April 2021
for
Oxygen Therapy Centre Cardigan Ltd
Oxygen Therapy Centre Cardigan Ltd
Contents of the Financial Statements for the Year Ended 30 April 2021
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Report of the Accountants | 7 |
| Detailed Income and Expenditure Account | 8 |
Oxygen Therapy Centre Cardigan Ltd
Company Information for the Year Ended 30 April 2021
| DIRECTORS: | Mrs M Rees |
|---|---|
| P F Simpson | |
| W N Hopkins | |
| J Vaughan | |
| A R Prince | |
| SECRETARY: | Mrs D Morgan |
| REGISTERED OFFICE: | Unit 13 |
| Pentood Industrial Estate | |
| Cardigan | |
| Ceredigion | |
| SA43 3AG | |
| REGISTERED NUMBER: | 05783351 (England and Wales) |
| ACCOUNTANTS: | Pritchard & Co |
| Accountants and tax advisers | |
| 47 St Mary Street | |
| Cardigan | |
| Ceredigion | |
| SA43 1HA |
Page 1
Oxygen Therapy Centre Cardigan Ltd
Report of the Directors for the Year Ended 30 April 2021
The directors present their report with the financial statements of the company for the year ended 30 April 2021.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2020 to the date of this report.
Mrs M Rees P F Simpson W N Hopkins J Vaughan A R Prince
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD :
P F Simpson - Director
30 October 2021
Page 2
Oxygen Therapy Centre Cardigan Ltd
Income Statement for the Year Ended 30 April 2021
| Notes TURNOVER Cost of sales GROSS SURPLUS Distribution costs Administrative expenses OPERATING SURPLUS/(DEFICIT) and SURPLUS/(DEFICIT) BEFORE TAXATION Tax on surplus/(deficit) SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
2021 £ 12,172 21,570 |
£ 46,287 2,083 44,204 33,742 10,462 - 10,462 |
2020 £ 13,435 22,609 |
£ 41,287 6,159 35,128 36,044 (916) - (916) |
|---|---|---|---|---|
The notes form part of these financial statements
Page 3
Oxygen Therapy Centre Cardigan Ltd (Registered number: 05783351)
Balance Sheet 30 April 2021
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account |
2021 £ 49,615 100,886 |
£ 55,731 (51,271) 4,460 4,460 4,460 |
2020 £ 38,145 100,886 |
£ 56,739 (62,741) (6,002) (6,002) (6,002) |
|---|---|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2021 and were signed on its behalf by:
P F Simpson - Director
The notes form part of these financial statements
Page 4
Oxygen Therapy Centre Cardigan Ltd
Notes to the Financial Statements for the Year Ended 30 April 2021
1. STATUTORY INFORMATION
Oxygen Therapy Centre Cardigan Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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. Plant and machinery etc - 20% on reducing balance
Taxation
Taxation for the year 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.
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 1 (2020 - 1 ) .
4. OPERATING SURPLUS/(DEFICIT)
The operating surplus (2020 - operating deficit) is stated after charging:
| Depreciation - owned assets | 2021 £ 1,008 |
2020 £ 1,120 |
|---|---|---|
Page 5
continued...
Oxygen Therapy Centre Cardigan Ltd
Notes to the Financial Statements - continued for the Year Ended 30 April 2021
5. TANGIBLE FIXED ASSETS
| 5. TANGIBLE FIXED ASSETS |
||||
|---|---|---|---|---|
| COST At 1 May 2020 and 30 April 2021 DEPRECIATION At 1 May 2020 Charge for year At 30 April 2021 NET BOOK VALUE At 30 April 2021 At 30 April 2020 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
Land and buildings £ 46,650 - - - 46,650 46,650 |
Plant and machinery etc £ 11,209 1,120 1,008 2,128 9,081 10,089 2021 £ 100,886 |
Totals £ 57,859 |
|
| 1,120 1,008 |
||||
| 2,128 | ||||
| 55,731 | ||||
| 56,739 | ||||
| 2020 £ 100,886 |
Page 6
Oxygen Therapy Centre Cardigan Ltd
Report of the Accountants to the Directors of Oxygen Therapy Centre Cardigan Ltd
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2021 set out on pages three to six and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Pritchard & Co Accountants and tax advisers 47 St Mary Street Cardigan Ceredigion SA43 1HA
30 October 2021
This page does not form part of the statutory financial statements
Page 7
Oxygen Therapy Centre Cardigan Ltd
Detailed Income and Expenditure Account for the Year Ended 30 April 2021
| Turnover Fund raising Donations Craft sales Dives and physio Tax refunds CVJRS Cost of sales Chamber and physio requisites Physiotherapy expenses GROSS SURPLUS Expenditure Wages Rent Water charges Light and heat Telephone Office expenses Insurances and licences Repairs and maintenance Sundry expenses Depreciation NET SURPLUS/(DEFICIT) |
2021 £ - 22,981 255 6,195 14,945 1,911 2,083 - 12,172 11,636 193 2,640 810 860 2,813 695 915 1,008 |
£ 46,287 2,083 44,204 33,742 10,462 |
2020 £ 5,299 19,660 3,633 10,410 2,285 - 4,023 2,136 13,435 11,362 210 3,192 777 674 2,440 2,318 516 1,120 |
£ 41,287 6,159 35,128 36,044 (916) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 8