Registered number
SC500868
GP LOCUM SERVICES LTD
15 Rozelle Avenue
Glasgow
Filleted Accounts
for the year ended 31 March 2024
Yousaf & Co Ltd
Chartered Certified Accountants
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: G120/TG
GP LOCUM SERVICES LTD
Registered number: SC500868
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,208 1,342
Current assets
Debtors 4 5,800 9,782
Cash at bank and in hand 31,642 7,056
37,442 16,838
Creditors: amounts falling due within one year 5 (18,777) (2,367)
Net current assets 18,665 14,471
Total assets less current liabilities 19,873 15,813
Creditors: amounts falling due after more than one year 6 (8,234) (6,333)
Net assets/ (liabilities) 11,639 9,480
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,539 9,380
Shareholders' funds 11,639 9,480
The director is 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 director acknowledges her 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 Aisha Choudhary
Director
Approved by the board on 11 October 2024
GP LOCUM 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, gross of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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:
Office Equipment 10% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price)
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 April 2023 2,834
At 31 March 2024 2,834
Depreciation
At 1 April 2023 1,492
Charge for the year 134
At 31 March 2024 1,626
Net book value
At 31 March 2024 1,208
At 31 March 2023 1,342
4 Debtors 2024 2023
£ £
Trade debtors 5,800 4,800
Directors loan 4,982
5,800 9,782
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 3,321 1,148
Other taxes and social security costs 9 219
Other creditors 15,447 1,000
18,777 2,367
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,333 6,333
Directors loan account 3,901 -
8,234 6,333
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