Registered number
13775491
London Maxillofacial Surgery Limited
Filleted Accounts
31 December 2023
London Maxillofacial Surgery Limited
Registered number: 13775491
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 517 2,689
Current assets
Debtors 4 3,169 6,563
Cash at bank and in hand 78,151 50,885
81,320 57,448
Creditors: amounts falling due within one year 5 (14,389) (13,616)
Net current assets 66,931 43,832
Net assets 67,448 46,521
Capital and reserves
Called up share capital 100 100
Profit and loss account 67,348 46,421
Shareholders' funds 67,448 46,521
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S J Haq
Director
Approved by the board on 26 February 2024
London Maxillofacial Surgery Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle 25% reducing balance
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 919 2,000 2,919
Disposals - (2,000) (2,000)
At 31 December 2023 919 - 919
Depreciation
At 1 January 2023 230 - 230
Charge for the year 172 - 172
At 31 December 2023 402 - 402
Net book value
At 31 December 2023 517 - 517
At 31 December 2022 689 2,000 2,689
4 Debtors 2023 2022
£ £
Trade debtors 3,086 3,576
Other debtors 83 2,987
3,169 6,563
5 Creditors: amounts falling due within one year 2023 2022
£ £
Directors loan account 3,940 2,420
Taxation and social security costs 10,449 11,196
14,389 13,616
6 Related party transactions
The company paid the directors £520 for use of premises.
7 Controlling party
The company is controlled jointly by the directors by virtue of their equal shareholdings.
8 Other information
London Maxillofacial Surgery Limited is a private company limited by shares and incorporated in England. Its registered office is:
Three Oaks
White Lane, Ash Green
Guildford
Surrey
GU12 6HW
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