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REGISTERED NUMBER: 08340304



Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

London Medics Ltd

London Medics Ltd (Registered number: 08340304)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5

Certified Accountants' Report 8

London Medics Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Dr Sohail Rana
Mrs Saira Rana





REGISTERED OFFICE: House No. 1
Moat Road
Salford
M6 6LR





REGISTERED NUMBER: 08340304





ACCOUNTANTS: Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

London Medics Ltd (Registered number: 08340304)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of General Medical practice and Hospital Activities

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 January 2023 to the date of this report.

The beneficial interests of the directors holding office at 31 December 2023 in the shares of the company, according to the register of directors' interests, were as follows:

31.12.23 1.1.23
Ordinary Shares shares of £1 each
Dr Sohail Rana 400 400
Mrs Saira Rana 600 600

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Dr Sohail Rana - Director


5 September 2024

London Medics Ltd (Registered number: 08340304)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,045 9,434

CURRENT ASSETS
Debtors 5 21,705 21,705
Cash at bank 1,794 28,523
23,499 50,228
CREDITORS
Amounts falling due within one year 6 49,715 51,761
NET CURRENT LIABILITIES (26,216 ) (1,533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,171

)

7,901

CREDITORS
Amounts falling due after more than one year 7 (23,537 ) (33,887 )

ACCRUALS AND DEFERRED INCOME (399 ) -
NET LIABILITIES (44,107 ) (25,986 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 (45,107 ) (26,986 )
SHAREHOLDERS' FUNDS (44,107 ) (25,986 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

London Medics Ltd (Registered number: 08340304)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





Dr Sohail Rana - Director


London Medics Ltd (Registered number: 08340304)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

London Medics Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

London Medics Ltd (Registered number: 08340304)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 12,642
DEPRECIATION
At 1 January 2023 3,208
Charge for year 3,389
At 31 December 2023 6,597
NET BOOK VALUE
At 31 December 2023 6,045
At 31 December 2022 9,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Debtors 21,705 21,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,086 4,790
Corporation Tax Payable 31,583 36,337
PAYE 13,046 10,634
49,715 51,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bounce Back Loan 23,537 33,887

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary Shares £1 1,000 1,000

London Medics Ltd (Registered number: 08340304)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL - continued

The Total Share Capital is 1000 Ordinary Shares, and the Prescribe Right of Each Share are given below

Each Share is entitled to one Vote in any circumstances
Each share has equal rights to dividends
Each Share is entitled to participate in a distribution arising from a winding up of the company

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (26,986 )
Profit for the year 41,503
Dividends (59,624 )
At 31 December 2023 (45,107 )

Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
London Medics Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of London Medics Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of London Medics Ltd, as a body, in accordance with the terms of our engagement letter dated 1 January 2018. Our work has been undertaken solely to prepare for your approval the financial statements of London Medics Ltd and state those matters that we have agreed to state to the Board of Directors of London Medics Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that London Medics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of London Medics Ltd. You consider that London Medics Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of London Medics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ


5 September 2024