Registered number
11869821
PK Medical Consultancy Services Ltd
Filleted Accounts
31 March 2024
PK Medical Consultancy Services Ltd
Registered number: 11869821
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,778 2,222
Current assets
Cash at bank and in hand 258,758 214,685
Creditors: amounts falling due within one year 4 (23,241) (22,865)
Net current assets 235,517 191,820
Net assets 237,295 194,042
Capital and reserves
Called up share capital 2 2
Profit and loss account 237,293 194,040
Shareholders' funds 237,295 194,042
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.
Dr P Krishnan
Director
Approved by the board on 27 August 2024
PK Medical Consultancy Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
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 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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
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. Current tax liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 3,842
At 31 March 2024 3,842
Depreciation
At 1 April 2023 1,620
Charge for the year 444
At 31 March 2024 2,064
Net book value
At 31 March 2024 1,778
At 31 March 2023 2,222
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 12,094 11,977
Other creditors 11,147 10,888
23,241 22,865
5 Other information
PK Medical Consultancy Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Carmel Grove
Darlington
Co Durham
DL3 8EQ
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