Registration number:
Vohra Medical Services Limited
for the Year Ended 30 November 2023
Vohra Medical Services Limited
(Registration number: 04990077)
Balance Sheet as at 30 November 2023
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2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
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Director
Vohra Medical Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023
Accounting policies |
Statutory information
Vohra Medical Services Limited is a private company, limited by shares, domiciled in England and Wales, company number 04990077. The registered office is at 165 Hemper Lane, Greenhill, Sheffield, S8 7FB.
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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the 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.
Government grants
Grants that relate to the financing of projects to expand the operations of the business are amortised over the expected useful economic life of the assets or projects concerned. Grants relating to revenue expenditure are credited to income when receivable.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Vohra Medical Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)
1 |
Accounting policies (continued) |
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
15% straight line per annum |
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.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Vohra Medical Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)
Tangible assets |
Office equipment |
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Cost |
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At 1 December 2022 |
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At 30 November 2023 |
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Depreciation |
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At 1 December 2022 |
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Charge for the year |
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At 30 November 2023 |
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Carrying amount |
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At 30 November 2023 |
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At 30 November 2022 |
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Debtors |
2023 |
2022 |
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Trade debtors |
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Directors' current accounts |
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- |
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Creditors |
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
- |
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Vohra Medical Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)
Related party transactions |
During the year the company made the following related party transactions:
Dr S Vohra and Mrs S J Vohra
During the year the directors had an interest free loan account with the company. At the balance sheet date the amount due from Dr S Vohra and Mrs S J Vohra was £245,731 (2022 due to - £108). This has been repaid after the year end.