Company Registration No. 13826331 (England and Wales)
LONDON MEDICAL SERVICES LTD
Unaudited accounts
for the year ended 31 January 2024
LONDON MEDICAL SERVICES LTD
Unaudited accounts
Contents
LONDON MEDICAL SERVICES LTD
Company Information
for the year ended 31 January 2024
Directors
Raj Lakhani
Dr Tanvi Verma
Company Number
13826331 (England and Wales)
Registered Office
SUITE L3 SOUTH FENS BUSINESS CENTRE
FENTON WAY
CHATTERIS
PE16 6TT
UNITED KINGDOM
Accountants
Eden Accounting Ltd
Suite L3
South Fens Business Centre
CHATTERIS
Cambs
PE16 6TT
LONDON MEDICAL SERVICES LTD
Statement of financial position
as at 31 January 2024
Intangible assets
620,000
697,500
Cash at bank and in hand
94,461
63,846
Creditors: amounts falling due within one year
(470,453)
(590,335)
Net current liabilities
(375,992)
(504,564)
Net assets
244,008
192,936
Called up share capital
102
102
Share premium
34,998
34,998
Profit and loss account
208,908
157,836
Shareholders' funds
244,008
192,936
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by
Raj Lakhani
Director
Company Registration No. 13826331
LONDON MEDICAL SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2024
LONDON MEDICAL SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 13826331. The registered office is SUITE L3 SOUTH FENS BUSINESS CENTRE, FENTON WAY, CHATTERIS, PE16 6TT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 1 February 2023
775,000
At 31 January 2024
775,000
Charge for the year
77,500
At 31 January 2024
155,000
At 31 January 2024
620,000
At 31 January 2023
697,500
LONDON MEDICAL SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
50,406
62,515
Loans from directors
420,047
527,820
The directors charged the company £2,850 (2023 £2,500) for use of their domestic facilities.
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Average number of employees
During the year the average number of employees was 3 (2023: 2).