Gosforth Jesmond Health 14105674 false 2022-05-13 2023-05-31 2023-05-31 The principal activity of the company is General medical practice activities and other human health activities Digita Accounts Production Advanced 6.30.9574.0 true true 14105674 2022-05-13 2023-05-31 14105674 2023-05-31 14105674 core:CurrentFinancialInstruments 2023-05-31 14105674 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14105674 core:FurnitureFittingsToolsEquipment 2023-05-31 14105674 bus:SmallEntities 2022-05-13 2023-05-31 14105674 bus:Audited 2022-05-13 2023-05-31 14105674 bus:FullAccounts 2022-05-13 2023-05-31 14105674 bus:SmallCompaniesRegimeForAccounts 2022-05-13 2023-05-31 14105674 bus:RegisteredOffice 2022-05-13 2023-05-31 14105674 bus:Director1 2022-05-13 2023-05-31 14105674 bus:PrivateLimitedCompanyLtd 2022-05-13 2023-05-31 14105674 core:FurnitureFittingsToolsEquipment 2022-05-13 2023-05-31 14105674 countries:England 2022-05-13 2023-05-31 14105674 2022-05-12 14105674 core:FurnitureFittingsToolsEquipment 2022-05-12 iso4217:GBP xbrli:pure

Registration number: 14105674

Gosforth Jesmond Health

Filleted Financial Statements

for the Period from 13 May 2022 to 31 May 2023

 

Gosforth Jesmond Health

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 6

 

Gosforth Jesmond Health

(Registration number: 14105674)
Balance Sheet as at 31 May 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

5,496

Current assets

 

Debtors

6

680,185

Cash at bank and in hand

 

148,864

 

829,049

Creditors: Amounts falling due within one year

7

(834,585)

Net current liabilities

 

(5,536)

Net liabilities

 

(40)

Capital and reserves

 

Retained earnings

(40)

Shareholders' deficit

 

(40)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 April 2024 and signed on its behalf by:
 

.........................................
Miss Victoria Louise Watson
Director

   
     
 

Gosforth Jesmond Health

Notes to the Financial Statements for the Period from 13 May 2022 to 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
17 Osborne Road
Newcastle Upon Tyne
NE2 2AH

These financial statements were authorised for issue by the Board on 3 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 3 April 2024 was , who signed for and on behalf of .

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Gosforth Jesmond Health

Notes to the Financial Statements for the Period from 13 May 2022 to 31 May 2023

Tax

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Gosforth Jesmond Health

Notes to the Financial Statements for the Period from 13 May 2022 to 31 May 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If
contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

Gosforth Jesmond Health

Notes to the Financial Statements for the Period from 13 May 2022 to 31 May 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

5,996

5,996

At 31 May 2023

5,996

5,996

Depreciation

At 13 May 2022

500

500

At 31 May 2023

500

500

Carrying amount

At 31 May 2023

5,496

5,496

5

Stocks

2023
£

6

Debtors

Current

2023
£

Trade debtors

666,863

Other debtors

13,322

 

680,185

7

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

476,865

Accruals and deferred income

195,235

Other creditors

162,485

834,585

 

Gosforth Jesmond Health

Notes to the Financial Statements for the Period from 13 May 2022 to 31 May 2023