A & S Medical Services Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC261160 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

A & S Medical Services Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr Jagdeep Luthra

Mrs Rekha Luthra

SECRETARY:

Dr Jagdeep Luthra

REGISTERED OFFICE:

c/o Dr Jagdeep Luthra

41 Craw Road

Paisley

Renfrewshire

PA2 6AD

REGISTERED NUMBER:

SC261160 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

180,195

151,369

CURRENT ASSETS

Debtors

5

-

4

Cash at bank

103,505

138,638

103,505

138,642

CREDITORS

Amounts falling due within one year

6

51,350

48,870

NET CURRENT ASSETS

52,155

89,772

TOTAL ASSETS LESS CURRENT
LIABILITIES

232,350

241,141

PROVISIONS FOR LIABILITIES

7

382

-

NET ASSETS

231,968

241,141

CAPITAL AND RESERVES

Called up share capital

8

2

Fair value reserve

9

28,891

-

Retained earnings

203,075

241,139

SHAREHOLDERS' FUNDS

231,968

241,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 18 June 2018 and were signed on its
behalf by:

Dr Jagdeep Luthra - Director

1.	STATUTORY INFORMATION

A & S Medical Services Ltd. is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

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

Investment property

-

not provided

Computer equipment

-

25% 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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Investment

Computer

property

equipment

Totals

£

COST OR VALUATION

At 1 April 2017

151,109

2,522

153,631

Revaluations

28,891

-

28,891

At 31 March 2018

180,000

2,522

182,522

DEPRECIATION

At 1 April 2017

-

2,262

Charge for year

-

65

At 31 March 2018

-

2,327

NET BOOK VALUE

At 31 March 2018

180,000

195

180,195

At 31 March 2017

151,109

260

151,369

Cost or valuation at 31 March 2018 is represented by:

Investment

Computer

property

equipment

Totals

£

Valuation in 2018

28,891

-

28,891

Cost

151,109

2,522

153,631

180,000

2,522

182,522

The market values of the investment properties have been arrived at on the basis of a valuation carried

out by the directors of the company who are not professionally qualified valuers. The

valuation was arrived at by reference to market evidence of transaction prices for similar properties in

their location and takes into account the state of the rental market in the areas where the properties are

situated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade debtors

-

4

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Taxation and social security

1,849

2,550

Other creditors

49,501

46,320

51,350

48,870

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

Deferred tax

382

-

Deferred

tax

£

Provided during year

382

Balance at 31 March 2018

382

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

2

Ordinary

£1

2

9.

RESERVES

Fair

value

reserve

£

Revaluation in year

28,891

At 31 March 2018

28,891

10.	RELATED PARTY DISCLOSURES

One of the properties sub-let by the company is rented from Seema Luthra, the daughter of Mr and Mrs Luthra , on a full repairing and insuring lease at a nominal rental of £12 per annum.

11.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors, Dr & Mrs Luthra, throughout the year. Dr and Mrs Luthra jointly own 100% of the company's issued share capital .