Registered number
07489291
GYNAEFOCUS LTD
Filleted Accounts
31 January 2024
GYNAEFOCUS LTD
Registered number: 07489291
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Training Aids 3 1 1
Tangible assets 4 34,773 51,510
Investments 5 423,401 420,643
458,175 472,154
Current assets
Debtors 6 47,378 28,864
Cash at bank and in hand 340,414 284,595
387,792 313,459
Creditors: amounts falling due within one year 7 (29,061) (29,140)
Net current assets 358,731 284,319
Total assets less current liabilities 816,906 756,473
Provisions for liabilities (26,741) (28,520)
Net assets 790,165 727,953
Capital and reserves
Called up share capital 100 100
Unrealised Gains/Losses 8 27,681 26,825
Profit and loss account 762,384 701,028
Shareholders' funds 790,165 727,953
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 BR Thakar
Director
Approved by the board on 11 September 2024
GYNAEFOCUS LTD
Notes to the Accounts
for the year ended 31 January 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 includes revenue earned from the sale of goods and from the rendering of services. 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Training Aids N/A
Plant and machinery 25% on reducing balance
Fixtures, fittings, tools and equipment 25% on reducing balance
Motorvehicle 25% st line
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are shown against movements in the reserves
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 and the listed investments of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Training Aids £
Cost
At 1 February 2023 7,987
At 31 January 2024 7,987
Amortisation
At 1 February 2023 7,986
At 31 January 2024 7,986
Net book value
At 31 January 2024 1
At 31 January 2023 1
4 Tangible fixed assets
Land and buildings Plant and machinery etc Furniture & Fittings Total
£ £ £ £
Cost
At 1 February 2023 63,380 1,962 14,856 80,198
Additions - - 135 135
At 31 January 2024 63,380 1,962 14,991 80,333
Depreciation
At 1 February 2023 15,845 1,542 11,301 28,688
Charge for the year 15,845 105 922 16,872
At 31 January 2024 31,690 1,647 12,223 45,560
Net book value
At 31 January 2024 31,690 315 2,768 34,773
At 31 January 2023 47,535 420 3,555 51,510
5 Investments
Other
investments
£
Cost
At 1 February 2023 420,643
Dividends/interest Reinvested 1,902
Revaluation to fair value 856
At 31 January 2024 423,401
6 Debtors 2024 2023
£ £
Trade debtors 28,214 10,364
Other debtors 19,164 18,500
47,378 28,864
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,281 1,344
Taxation and social security costs 25,290 9,297
Other creditors 2,490 18,499
29,061 29,140
8 Revaluation reserve 2024 2023
£ £
At 1 February 2023 26,825 68,169
Profit/loss on revaluation 856 (41,344)
At 31 January 2024 27,681 26,825
9 Other information
GYNAEFOCUS LTD is a private company limited by shares and incorporated in England. Its registered office is:
12 Woodbury Close
Whitgift Estate
Croydon
Surrey CFR0 5PR
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