JG Dermatology Limited 12200129 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Specialist medical practice activities Digita Accounts Production Advanced 6.30.9574.0 true true 12200129 2023-04-01 2024-03-31 12200129 2024-03-31 12200129 core:RetainedEarningsAccumulatedLosses 2024-03-31 12200129 core:ShareCapital 2024-03-31 12200129 core:CurrentFinancialInstruments 2024-03-31 12200129 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12200129 core:FurnitureFittingsToolsEquipment 2024-03-31 12200129 bus:SmallEntities 2023-04-01 2024-03-31 12200129 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12200129 bus:FilletedAccounts 2023-04-01 2024-03-31 12200129 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12200129 bus:RegisteredOffice 2023-04-01 2024-03-31 12200129 bus:Director1 2023-04-01 2024-03-31 12200129 bus:Director2 2023-04-01 2024-03-31 12200129 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12200129 core:ComputerEquipment 2023-04-01 2024-03-31 12200129 core:FurnitureFittings 2023-04-01 2024-03-31 12200129 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 12200129 countries:AllCountries 2023-04-01 2024-03-31 12200129 2023-03-31 12200129 core:FurnitureFittingsToolsEquipment 2023-03-31 12200129 2022-04-01 2023-03-31 12200129 2023-03-31 12200129 core:RetainedEarningsAccumulatedLosses 2023-03-31 12200129 core:ShareCapital 2023-03-31 12200129 core:CurrentFinancialInstruments 2023-03-31 12200129 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12200129 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 12200129

JG Dermatology Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

JG Dermatology Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

JG Dermatology Limited

Company Information

Directors

Dr JE Gach

Mr RS Gach

Registered office

Ballards Llp Kingswood Road
Hampton Lovett
Droitwich
WR9 0QH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

JG Dermatology Limited

(Registration number: 12200129)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,994

3,000

Current assets

 

Debtors

6,488

4,014

Cash at bank and in hand

 

896,667

646,592

 

903,155

650,606

Creditors: Amounts falling due within one year

5

(93,477)

(76,160)

Net current assets

 

809,678

574,446

Net assets

 

812,672

577,446

Capital and reserves

 

Called up share capital

120

120

Retained earnings

812,552

577,326

Shareholders' funds

 

812,672

577,446

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 October 2024 and signed on its behalf by:
 

.........................................
Dr JE Gach
Director

.........................................
Mr RS Gach
Director

 
     
 

JG Dermatology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Ballards Llp Kingswood Road
Hampton Lovett
Droitwich
WR9 0QH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

JG Dermatology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% on a reducing basis

Offiice equipment

33% on a reducing basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

JG Dermatology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

6,498

6,498

Additions

1,232

1,232

At 31 March 2024

7,730

7,730

Depreciation

At 1 April 2023

3,498

3,498

Charge for the year

1,238

1,238

At 31 March 2024

4,736

4,736

Carrying amount

At 31 March 2024

2,994

2,994

At 31 March 2023

3,000

3,000

5

Creditors

2024
£

2023
£

Due within one year

Amounts owed to related parties

2,818

17,145

Taxation and social security

-

69

Other creditors

90,659

58,946

93,477

76,160