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REGISTERED NUMBER: 07250140 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Adini Dermatology Limited

Adini Dermatology Limited (Registered number: 07250140)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adini Dermatology Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: J Bhat
A Bhat
A Bhat
R J Bhat





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 07250140 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Adini Dermatology Limited (Registered number: 07250140)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,885 25,666

CURRENT ASSETS
Debtors 5 74,005 193,862
Investments 6 170,136 469,937
Cash at bank and in hand 805,365 215,255
1,049,506 879,054
CREDITORS
Amounts falling due within one year 7 143,603 52,447
NET CURRENT ASSETS 905,903 826,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

924,788

852,273

PROVISIONS FOR LIABILITIES 8 4,721 4,877
NET ASSETS 920,067 847,396

CAPITAL AND RESERVES
Called up share capital 9 1,100 1,000
Retained earnings 918,967 846,396
SHAREHOLDERS' FUNDS 920,067 847,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Adini Dermatology Limited (Registered number: 07250140)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:





J Bhat - Director


Adini Dermatology Limited (Registered number: 07250140)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Adini Dermatology 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 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.
Medical equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 4 (2022 - 1 ) .

Adini Dermatology Limited (Registered number: 07250140)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Medical Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 1,271 50,740 7,959 59,970
Additions - - 463 463
Disposals - - (3,430 ) (3,430 )
At 31 May 2023 1,271 50,740 4,992 57,003
DEPRECIATION
At 1 June 2022 1,206 27,551 5,547 34,304
Charge for year 65 5,797 1,386 7,248
Eliminated on disposal - - (3,434 ) (3,434 )
At 31 May 2023 1,271 33,348 3,499 38,118
NET BOOK VALUE
At 31 May 2023 - 17,392 1,493 18,885
At 31 May 2022 65 23,189 2,412 25,666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 13,678 19,251
Bad debt provision - (945 )
Other debtors 3,000 223
Directors' loan accounts - 175,000
Tax 56,875 -
Prepayments 452 333
74,005 193,862

6. CURRENT ASSET INVESTMENTS
31.5.23 31.5.22
£    £   
Listed investments 99,816 369,937
Unlisted investments 70,320 100,000
170,136 469,937
Market value of listed investments at 31 May 2023 - £ 165,778 (2022 - £ 423,872 ).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 2,019 3,594
Corporation tax 44,254 41,635
Directors' current accounts 94,169 3,391
Accrued expenses 3,161 3,827
143,603 52,447

Adini Dermatology Limited (Registered number: 07250140)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 4,721 4,877

Deferred
tax
£   
Balance at 1 June 2022 4,877
Credit to Statement of Income and Retained Earnings during year (156 )
Balance at 31 May 2023 4,721

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1,000 Ordinary £1 1,000 1,000
50 A Ordinary £1 50 -
50 B Ordinary £1 50 -
1,100 1,000

The following shares were issued during the year as a bonus out of reserves :

50 A Ordinary shares of £1
50 B Ordinary shares of £1

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Bhat.