Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-014falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07254495 2022-04-01 2023-03-31 07254495 2021-04-01 2022-03-31 07254495 2023-03-31 07254495 2022-03-31 07254495 c:Director3 2022-04-01 2023-03-31 07254495 d:OfficeEquipment 2022-04-01 2023-03-31 07254495 d:OfficeEquipment 2023-03-31 07254495 d:OfficeEquipment 2022-03-31 07254495 d:Goodwill 2023-03-31 07254495 d:Goodwill 2022-03-31 07254495 d:CurrentFinancialInstruments 2023-03-31 07254495 d:CurrentFinancialInstruments 2022-03-31 07254495 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07254495 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07254495 d:ShareCapital 2023-03-31 07254495 d:ShareCapital 2022-03-31 07254495 d:RetainedEarningsAccumulatedLosses 2023-03-31 07254495 d:RetainedEarningsAccumulatedLosses 2022-03-31 07254495 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07254495 c:OrdinaryShareClass1 2023-03-31 07254495 c:OrdinaryShareClass1 2022-03-31 07254495 c:OrdinaryShareClass2 2022-04-01 2023-03-31 07254495 c:OrdinaryShareClass2 2023-03-31 07254495 c:OrdinaryShareClass2 2022-03-31 07254495 c:OrdinaryShareClass3 2022-04-01 2023-03-31 07254495 c:OrdinaryShareClass3 2023-03-31 07254495 c:OrdinaryShareClass3 2022-03-31 07254495 c:OrdinaryShareClass4 2022-04-01 2023-03-31 07254495 c:OrdinaryShareClass4 2023-03-31 07254495 c:OrdinaryShareClass4 2022-03-31 07254495 c:OrdinaryShareClass5 2022-04-01 2023-03-31 07254495 c:OrdinaryShareClass5 2023-03-31 07254495 c:OrdinaryShareClass5 2022-03-31 07254495 c:FRS102 2022-04-01 2023-03-31 07254495 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07254495 c:FullAccounts 2022-04-01 2023-03-31 07254495 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07254495 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07254495









LONDON DIGESTIVE SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
LONDON DIGESTIVE SERVICES LIMITED
REGISTERED NUMBER: 07254495

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Intangible assets
 4 
-
-

Tangible assets
 5 
-
-

  
-
-

Current assets
  

Debtors: amounts falling due within one year
 6 
166,707
82,505

Bank and cash balances
  
54,761
131,744

  
221,468
214,249

Creditors: amounts falling due within one year
 7 
(220,543)
(213,324)

Net current assets
  
 
 
925
 
 
925

Net assets
  
925
925


Capital and reserves
  

Called up share capital 
 8 
6
6

Profit and loss account
  
919
919

  
925
925


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
LONDON DIGESTIVE SERVICES LIMITED
REGISTERED NUMBER: 07254495
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 March 2024.




Dr P M Irving
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LONDON DIGESTIVE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

London Digestive Services Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, Leytonstone, London, E11 1GA.
The principal activity is that of the diagnosis and treatment of gastrointestinal disorders.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
LONDON DIGESTIVE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life.



 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following annual basis:

Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 4

 
LONDON DIGESTIVE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 4).

Page 5

 
LONDON DIGESTIVE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
2,056,000



At 31 March 2023

2,056,000



Amortisation


At 1 April 2022
2,056,000



At 31 March 2023

2,056,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 6

 
LONDON DIGESTIVE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Office equipment

£



Cost 


At 1 April 2022
9,473



At 31 March 2023

9,473



Depreciation


At 1 April 2022
9,473



At 31 March 2023

9,473



Net book value



At 31 March 2023
-



At 31 March 2022
-


6.


Debtors

2023
2022
£
£


Trade debtors
158,940
74,738

Other debtors
7,767
7,767

166,707
82,505



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,200
7,440

Corporation tax
-
2,920

Other creditors
209,843
191,724

Accruals and deferred income
9,500
11,240

220,543
213,324


Page 7

 
LONDON DIGESTIVE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary A share of £1
1
1
1 (2022 - 1) Ordinary B share of £1
1
1
1 (2022 - 1) Ordinary C share of £1
1
1
1 (2022 - 1) Ordinary D share of £1
1
1
1 (2022 - 1) Ordinary E share of £1
1
1
1 (2022 - 1) Ordinary F share of £1
1
1

6

6


Shares rank pari passu in all respects.


9.


Related party transactions

At the end of the period, the Company owed to connected companies £137,697 (2022 - £118,387).

 
Page 8