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REGISTERED NUMBER: 04412177 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

A. K. Medical Centre Limited

A. K. Medical Centre Limited (Registered number: 04412177)






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


A. K. Medical Centre Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R K Aggarwal
Mr H T El-Kasaby
Mr N Karia





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 04412177 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

A. K. Medical Centre Limited (Registered number: 04412177)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,843,217 3,984,086
Investments 5 20 20
3,843,237 3,984,106

CURRENT ASSETS
Debtors 6 2,084,102 605,237
Cash at bank 28,600 859,599
2,112,702 1,464,836
CREDITORS
Amounts falling due within one year 7 208,402 122,734
NET CURRENT ASSETS 1,904,300 1,342,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,747,537

5,326,208

PROVISIONS FOR LIABILITIES 483,562 367,507
NET ASSETS 5,263,975 4,958,701

CAPITAL AND RESERVES
Called up share capital 526,316 526,316
Share premium 73,684 73,684
Retained earnings 4,663,975 4,358,701
SHAREHOLDERS' FUNDS 5,263,975 4,958,701

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.

A. K. Medical Centre Limited (Registered number: 04412177)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





Mr R K Aggarwal - Director


A. K. Medical Centre Limited (Registered number: 04412177)

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

1. STATUTORY INFORMATION

A. K. Medical Centre 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 2 (2023 - 2 ) .

A. K. Medical Centre Limited (Registered number: 04412177)

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

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 4,800,000 175,690 4,975,690
DEPRECIATION
At 1 April 2023 947,682 43,922 991,604
Charge for year 96,947 43,922 140,869
At 31 March 2024 1,044,629 87,844 1,132,473
NET BOOK VALUE
At 31 March 2024 3,755,371 87,846 3,843,217
At 31 March 2023 3,852,318 131,768 3,984,086

Included in cost or valuation of land and buildings is freehold land of £ 750,000 (2023 - £ 750,000 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Freehold Motor
property vehicles Totals
£    £    £   
Valuation in 2023 1,934,245 - 1,934,245
Cost 2,865,755 175,690 3,041,445
4,800,000 175,690 4,975,690

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 2,865,755 2,865,755
Aggregate depreciation 950,521 900,628

Value of land in freehold land and buildings 371,114 371,114

Freehold land and buildings was valued on an open market basis on 31 March 2023 by the directors .

A. K. Medical Centre Limited (Registered number: 04412177)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 20
NET BOOK VALUE
At 31 March 2024 20
At 31 March 2023 20

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,084,102 605,237

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 160,733 75,519
Social security and other taxes 207 207
Other creditors 30,000 30,000
Directors' current accounts 15,902 15,448
Accrued expenses 1,560 1,560
208,402 122,734