REGISTERED NUMBER: 05470318 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th June 2017

for

Agora Gynaecology And Fertility Centre

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H.I. Abdalla

Dr C M L Gilling-Smith

SECRETARY:

S Ulph

REGISTERED OFFICE:

The Agora 3rd Floor

Ellen Street

Brighton And Hove

West Sussex

BN3 3LN

REGISTERED NUMBER:

05470318 (England and Wales)

ACCOUNTANTS:

Spencer Hyde Limited

272 Regents Park Road

London

N3 3HN

FIXED ASSETS

Tangible assets

4

185,978

206,341

CURRENT ASSETS

Debtors

5

504,916

499,943

Cash at bank and in hand

191,890

157,721

696,806

657,664

CREDITORS

Amounts falling due within one year

6

430,779

335,946

NET CURRENT ASSETS

266,027

321,718

TOTAL ASSETS LESS CURRENT LIABILITIES

452,005

528,059

CREDITORS

Amounts falling due after more than one year

7

(64,599

)

(97,956

)

PROVISIONS FOR LIABILITIES

(23,991

)

(30,078

)

NET ASSETS

363,415

400,025

CAPITAL AND RESERVES

Called up share capital

130,000

130,000

Retained earnings

233,415

270,025

363,415

400,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2017 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 16th March 2018 and were signed on its behalf by:

H.I. Abdalla - Director

Dr C M L Gilling-Smith - Director

1.	STATUTORY INFORMATION

Agora Gynaecology And Fertility Centre Ltd 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on cost and 10% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st July 2016

4,094

1,147,996

1,152,090

Additions

-

86,848

86,848

At 30th June 2017

4,094

1,234,844

1,238,938

DEPRECIATION

At 1st July 2016

4,094

941,655

945,749

Charge for year

-

107,211

107,211

At 30th June 2017

4,094

1,048,866

1,052,960

NET BOOK VALUE

At 30th June 2017

-

185,978

185,978

At 30th June 2016

-

206,341

206,341

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1st July 2016

200,546

Additions

39,000

Transfer to ownership

(73,200

)

At 30th June 2017

166,346

DEPRECIATION

At 1st July 2016

105,037

Charge for year

41,587

Transfer to ownership

(73,200

)

At 30th June 2017

73,424

NET BOOK VALUE

At 30th June 2017

92,922

At 30th June 2016

95,509

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

427,412

430,485

Other debtors

77,504

69,458

504,916

499,943

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

16,704

15,621

Finance leases

37,363

44,050

Trade creditors

276,861

204,306

Taxation and social security

92,651

66,269

Other creditors

7,200

5,700

430,779

335,946

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

15,958

33,077

Finance leases

48,641

64,879

64,599

97,956

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

32,662

48,698

Finance leases

86,004

108,929

118,666

157,627

The bank loan is guaranteed by a debenture on the company and a guarantee of £50,000 by each director. The

hire purchase is secured on the asset concerned.