CH Medical Services Ltd |
Notes to the Accounts |
for the year ended 31 July 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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. |
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Turnover |
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Turnover represents the value, net of value added tax, of services provided to customers. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates |
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Office equipment |
over 3 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Debtors |
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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 recognised at transaction price including any transaction costs. |
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Creditors |
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Creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit 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. 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 differences. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Office equipment |
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Motor vehicles |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 August 2023 |
4,704 |
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32,552 |
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37,256 |
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Additions |
819 |
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- |
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819 |
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At 31 July 2024 |
5,523 |
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32,552 |
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38,075 |
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Depreciation |
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At 1 August 2023 |
3,800 |
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6,310 |
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10,110 |
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Charge for the year |
1,201 |
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6,510 |
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7,711 |
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At 31 July 2024 |
5,001 |
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12,820 |
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17,821 |
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Net book value |
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At 31 July 2024 |
522 |
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19,732 |
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20,254 |
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At 31 July 2023 |
904 |
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26,242 |
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27,146 |
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4 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Corporation tax |
30,160 |
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11,895 |
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Directors' loan accounts |
(105) |
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631 |
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30,055 |
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12,526 |
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5 |
Other information |
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CH Medical Services Ltd is a private company limited by shares and incorporated in England. Its registered office address is: |
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18 PARKLANDS ORCHARD |
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WHITMINSTER |
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GLOUCESTERSHIRE |
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GL2 7PE |