REGISTERED NUMBER: 05462330 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2018

FOR

A&B LOCUMS LIMITED

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTOR:

Dr. B Saayman

SECRETARY:

Dr J A Mostert

REGISTERED OFFICE:

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

REGISTERED NUMBER:

05462330 (England and Wales)

ACCOUNTANTS:

Exceed Accountants Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

The director presents her report with the financial statements of the company for the year ended 31st May 2018.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of medical services.

DIRECTOR

Dr. B Saayman held office during the whole of the period from 1st June 2017 to the date of this report.

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:

Dr. B Saayman - Director

19th January 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A&B Locums Limited for the year ended 31st May 2018 which comprise the Income Statement,

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 director of A&B Locums Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A&B Locums Limited and state those matters that we have agreed to state to the director of A&B Locums Limited 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 A&B Locums Limited and its director for our work or for this report.

It is your duty to ensure that A&B Locums 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 A&B Locums Limited. You consider that A&B Locums 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 A&B Locums 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.

Exceed Accountants Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

19th January 2019

REVENUE

98,169

117,294

Cost of sales

200

-

GROSS PROFIT

97,969

117,294

Administrative expenses

47,798

34,650

OPERATING PROFIT

50,171

82,644

Interest receivable and similar income

7

3

PROFIT BEFORE TAXATION

50,178

82,647

Tax on profit

4

9,534

16,391

PROFIT FOR THE FINANCIAL YEAR

40,644

66,256

CURRENT ASSETS

Debtors

6

-

9,327

Cash at bank

82,230

9,117

82,230

18,444

CREDITORS

Amounts falling due within one year

7

51,580

18,438

NET CURRENT ASSETS

30,650

6

TOTAL ASSETS LESS CURRENT LIABILITIES

30,650

6

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

30,649

5

30,650

6

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19th January 2019 and were signed by:

Dr. B Saayman - Director

1.	STATUTORY INFORMATION

A&B Locums 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.

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

Revenue 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

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2018

2017

£

£

Current tax:

UK corporation tax

9,534

16,391

Tax on profit

9,534

16,391

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1st June 2017

and 31st May 2018

1,314

DEPRECIATION

At 1st June 2017

and 31st May 2018

1,314

NET BOOK VALUE

At 31st May 2018

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

-

9,327

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1

1

Taxation and social security

9,534

16,391

Other creditors

42,045

2,046

51,580

18,438

8.

RESERVES

Retained

earnings

£

At 1st June 2017

5

Profit for the year

40,644

Dividends

(10,000

)

At 31st May 2018

30,649

9.	RELATED PARTY DISCLOSURES

The Company is controlled by its director.

During the year company paid a salary of £8,204 (2017 - £8,070) and dividend of £10,000 (2017 - £66,300) to

the directors.