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REGISTERED NUMBER: SC547318 (Scotland)















Banff Bay Medical Services Limited

Financial Statements For The Period 10 October 2016 to 31 October 2017






Banff Bay Medical Services Limited (Registered number: SC547318)






Contents of the Financial Statements
For The Period 10 October 2016 to 31 October 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Banff Bay Medical Services Limited

Company Information
For The Period 10 October 2016 to 31 October 2017







DIRECTOR: R MacRae





SECRETARY: Mrs G S MacRae





REGISTERED OFFICE: Park House Centre
South Street
Elgin
Moray
IV30 1JB





REGISTERED NUMBER: SC547318 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Banff Bay Medical Services Limited (Registered number: SC547318)

Balance Sheet
31 October 2017

Notes £    £   
FIXED ASSETS
Intangible assets 3 8,000

CURRENT ASSETS
Cash at bank 35,298

CREDITORS
Amounts falling due within one year 4 23,388
NET CURRENT ASSETS 11,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,910

CAPITAL AND RESERVES
Called up share capital 5 100
Retained earnings 6 19,810
SHAREHOLDERS' FUNDS 19,910

Banff Bay Medical Services Limited (Registered number: SC547318)

Balance Sheet - continued
31 October 2017


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 November 2017 and were signed by:





R MacRae - Director


Banff Bay Medical Services Limited (Registered number: SC547318)

Notes to the Financial Statements
For The Period 10 October 2016 to 31 October 2017

1. STATUTORY INFORMATION

Banff Bay Medical Services Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Taxation
Taxation for the period 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 period 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.

Banff Bay Medical Services Limited (Registered number: SC547318)

Notes to the Financial Statements - continued
For The Period 10 October 2016 to 31 October 2017

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 10,000
At 31 October 2017 10,000
AMORTISATION
Charge for period 2,000
At 31 October 2017 2,000
NET BOOK VALUE
At 31 October 2017 8,000

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 12,508
Other creditors 10,880
23,388

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

6. RESERVES
Retained
earnings
£   

Profit for the period 49,810
Dividends (30,000 )
At 31 October 2017 19,810

7. RELATED PARTY DISCLOSURES

During the period, total dividends of £22,500 were paid to the director .

Banff Bay Medical Services Limited (Registered number: SC547318)

Notes to the Financial Statements - continued
For The Period 10 October 2016 to 31 October 2017

7. RELATED PARTY DISCLOSURES - continued

R MacRae
is a director in the company


The director has given the company an interest free directors loan. There are no repayment terms.

£   
Amount due to related party at the balance sheet date 10,029

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Banff Bay Medical Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Banff Bay Medical Services Limited for the period ended 31 October 2017 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 Banff Bay Medical Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Banff Bay Medical Services Limited and state those matters that we have agreed to state to the director of Banff Bay Medical Services 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 Banff Bay Medical Services Limited director for our work or for this report.

It is your duty to ensure that Banff Bay Medical Services 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 Banff Bay Medical Services Limited. You consider that Banff Bay Medical Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Banff Bay Medical Services 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.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


24 November 2017