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REGISTERED NUMBER: 05024705 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Dr Memon Dermatology Services Limited

Dr Memon Dermatology Services Limited (Registered number: 05024705)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dr Memon Dermatology Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A A Memon
J Memon





SECRETARY: J Memon





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 05024705 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Dr Memon Dermatology Services Limited (Registered number: 05024705)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,576 16,633

CURRENT ASSETS
Debtors 5 46,981 38,379
Cash at bank and in hand 1,403,217 1,217,927
1,450,198 1,256,306
CREDITORS
Amounts falling due within one year 6 179,226 173,011
NET CURRENT ASSETS 1,270,972 1,083,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,382,548

1,099,928

PROVISIONS FOR LIABILITIES 7 14,125 3,330
NET ASSETS 1,368,423 1,096,598

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,368,323 1,096,498
SHAREHOLDERS' FUNDS 1,368,423 1,096,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Dr Memon Dermatology Services Limited (Registered number: 05024705)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





A A Memon - Director


Dr Memon Dermatology Services Limited (Registered number: 05024705)

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


1. STATUTORY INFORMATION

Dr Memon Dermatology Services Limited is a private company, limited by shares , registered in England and Wales. 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Dr Memon Dermatology Services Limited (Registered number: 05024705)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 39,040 4,315 43,355
Additions 126,686 2,101 128,787
Disposals (39,040 ) - (39,040 )
At 31 March 2024 126,686 6,416 133,102
DEPRECIATION
At 1 April 2023 24,686 2,036 26,722
Charge for year 18,347 1,143 19,490
Eliminated on disposal (24,686 ) - (24,686 )
At 31 March 2024 18,347 3,179 21,526
NET BOOK VALUE
At 31 March 2024 108,339 3,237 111,576
At 31 March 2023 14,354 2,279 16,633

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 45,643 38,111
Bad debt provision (1,372 ) (1,245 )
Prepayments 2,710 1,513
46,981 38,379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 123,683 98,657
Social security and other taxes 628 621
Directors' current accounts 47,925 65,767
Accrued expenses 6,990 7,966
179,226 173,011

Dr Memon Dermatology Services Limited (Registered number: 05024705)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 14,125 3,330

Deferred
tax
£   
Balance at 1 April 2023 3,330
Charge to Statement of Income and Retained Earnings
during year

10,795
Balance at 31 March 2024 14,125

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
80 A Ordinary £1 80 80
20 B Ordinary £1 20 20
100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A A Memon.