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REGISTERED NUMBER: 08948202 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Doctors Billing Services Ltd.

Doctors Billing Services Ltd. (Registered number: 08948202)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Doctors Billing Services Ltd. (Registered number: 08948202)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,437 2,601

CURRENT ASSETS
Debtors 5 27,519 16,367
Cash at bank 117,918 61,222
145,437 77,589
CREDITORS
Amounts falling due within one year 6 74,290 48,811
NET CURRENT ASSETS 71,147 28,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,584

31,379

PROVISIONS FOR LIABILITIES 7 273 -
NET ASSETS 72,311 31,379

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 71,311 30,379
SHAREHOLDERS' FUNDS 72,311 31,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Doctors Billing Services Ltd. (Registered number: 08948202)

Balance Sheet - continued
31 March 2024


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 16 April 2024 and were signed on its behalf by:





Dr B S Potluri - Director


Doctors Billing Services Ltd. (Registered number: 08948202)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Doctors Billing Services Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08948202

Registered office: Kao Hockham Building Harlow Enterprise H
Edinburgh Way
Harlow
Essex
CM20 2NQ

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.
Fixtures and fittings - 20% 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.

Doctors Billing Services Ltd. (Registered number: 08948202)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 5,831
Disposals (668 )
At 31 March 2024 5,163
DEPRECIATION
At 1 April 2023 3,230
Charge for year 993
Eliminated on disposal (497 )
At 31 March 2024 3,726
NET BOOK VALUE
At 31 March 2024 1,437
At 31 March 2023 2,601

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 27,519 14,291
Other debtors - 2,076
27,519 16,367

Doctors Billing Services Ltd. (Registered number: 08948202)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,212 18,071
Tax 10,174 (5,631 )
Social security and other taxes 365 (498 )
VAT 9,844 6,561
Other Creditors 51,545 20,293
Directors' current accounts - 7,892
Accrued expenses 1,150 2,123
74,290 48,811

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 273 -

Deferred
tax
£   
Provided during year 273
Balance at 31 March 2024 273

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 1,000 1,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Dr. E A Stoner and Dr B S Potluri
Balance outstanding at start of year (7,891 ) (7,891 )
Amounts advanced 7,891 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (7,891 )

Doctors Billing Services Ltd. (Registered number: 08948202)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. ULTIMATE CONTROLLING PARTY

The controlling party is Dr B S Potluri.