2023-01-01 2023-12-31 06766287 LONDON MEDICAL ASSOCIATES LIMITED false 06766287 2023-01-01 2023-12-31 06766287 uk-bus:Director1 2023-01-01 2023-12-31 06766287 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06766287 uk-bus:SmallEntities 2023-01-01 2023-12-31 06766287 uk-bus:FullAccounts 2023-01-01 2023-12-31 06766287 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06766287 2023-01-01 06766287 2023-12-31 06766287 2022-12-31 xbrli:pure iso4217:GBP 06766287 2022-01-01 2022-12-31
Company Registration Number : 06766287 (England and Wales)
06766287
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-12-31
false
LONDON MEDICAL ASSOCIATES LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-01-01
LONDON MEDICAL ASSOCIATES LIMITED
Unaudited filleted financial statements
For the year ended 31 December 2023
LONDON MEDICAL ASSOCIATES LIMITED
Contents
For the year ended 31 December 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


LONDON MEDICAL ASSOCIATES LIMITED
Company Information
For the year ended 31 December 2023

Company registration number 06766287 (England and Wales)
Directors Dr M A Ali
Dr F O Butler
Mr D Mccarthy
Mr. W Young
Dr N E Katz
Ms E S Bovill
P K Dhanjal
Dr N Jayaram
Registered office address The Brentano Suite, Solar House
915 High Road,
North Finchley
N12 8QJ
Accountant Ramsay Brown LLP
Chartered Accountants
The Brentano Suite, Solar House
915 High Road
North Finchley
N12 8QJ
LONDON MEDICAL ASSOCIATES LIMITED
Statement of Financial Position
For the year ended 31 December 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 28,733 39,984
5 28,733 39,984
Current assets
Debtors 2,024,946 1,920,894
Cash and cash equivalents 1,732,866 805,936
3,757,812 2,726,830
Current liabilities
Creditors: Amounts falling due within one year (2,798,145) (1,831,343)
Corporation tax payable (60,961) (22,944)
(2,859,106) (1,854,287)
Net current assets/(liabilities) 898,707 872,543
Total assets less current liabilities 927,440 912,527
Net assets/(liabilities) 927,440 912,527
Capital and reserves
Called up share capital 227,862 231,762
Share Premium (49,041) (49,041)
Revaluation reserve (163,800) -
Retained earnings 912,419 729,805
Shareholder's funds 927,440 912,527
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 December 2023 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 25 September 2024
.............................
Dr F O Butler (Director)
Company registration number: 06766287
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-12-31 31 December 2023
2023 2022
£ £
Fixed Assets 28,733 39,984
Current Assets 3,748,717 2,719,911
Prepayments and accrued income 9,095 6,918
Creditors: amounts falling due within one year (2,859,106) (1,854,287)
Net current assets (liabilities) 898,707 872,543
Total assets less current liabilities 927,440 912,527
Net Assets (liabilities) 927,440 912,527
Capital and Reserves 927,440 912,527
For the year ending 31/12/2023 the company was entitled to exemption 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. For the year ending 31-12-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 25 September 2024 2024-09-23 and signed on behalf of the board,
.............................
Dr F O Butler
Director
Company registration number: 06766287
LONDON MEDICAL ASSOCIATES LIMITED
Notes to the Financial Statements
For the year ended 31 December 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is The Brentano Suite, Solar House, 915 High Road, , North Finchley, N12 8QJ.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment25% straight line
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees
During the year, the average number of employees including director was 110 (2022 : 62).

(5) Fixed assets
Tangible

£
Cost
As at 01 January 202355,288
Additions2,940
As at 31 December 202358,228
Depreciation/Amortisation
As at 01 January 202315,305
For the year14,191
As at 31 December 202329,496
Net book value
As at 31 December 202328,732
As at 31 December 202239,983

(6) Capital Redemption reserve
The Revaluation reserve balance is intended for Capital Redemption, however, due to software limitations, we are not able to modify the account name. Consequently, it has been presented in it's current form.