Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC580483 Shahbaz Mahmood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC580483 2022-11-30 SC580483 2023-11-30 SC580483 2022-12-01 2023-11-30 SC580483 frs-core:CurrentFinancialInstruments 2023-11-30 SC580483 frs-core:Non-currentFinancialInstruments 2023-11-30 SC580483 frs-core:BetweenOneFiveYears 2023-11-30 SC580483 frs-core:ComputerEquipment 2023-11-30 SC580483 frs-core:ComputerEquipment 2022-12-01 2023-11-30 SC580483 frs-core:ComputerEquipment 2022-11-30 SC580483 frs-core:FurnitureFittings 2023-11-30 SC580483 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC580483 frs-core:FurnitureFittings 2022-11-30 SC580483 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 SC580483 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 SC580483 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-30 SC580483 frs-core:MotorVehicles 2023-11-30 SC580483 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC580483 frs-core:MotorVehicles 2022-11-30 SC580483 frs-core:PlantMachinery 2023-11-30 SC580483 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC580483 frs-core:PlantMachinery 2022-11-30 SC580483 frs-core:WithinOneYear 2023-11-30 SC580483 frs-core:ShareCapital 2023-11-30 SC580483 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC580483 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC580483 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC580483 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC580483 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC580483 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC580483 frs-bus:Director1 2022-12-01 2023-11-30 SC580483 frs-countries:Scotland 2022-12-01 2023-11-30 SC580483 2021-11-30 SC580483 2022-11-30 SC580483 2021-12-01 2022-11-30 SC580483 frs-core:CurrentFinancialInstruments 2022-11-30 SC580483 frs-core:Non-currentFinancialInstruments 2022-11-30 SC580483 frs-core:BetweenOneFiveYears 2022-11-30 SC580483 frs-core:WithinOneYear 2022-11-30 SC580483 frs-core:ShareCapital 2022-11-30 SC580483 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC580483
123 Medical Services Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Jackson Moughal
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC580483
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 71,714 80,352
71,714 80,352
CURRENT ASSETS
Debtors 5 548,908 252,500
Cash at bank and in hand 2,450 61,734
551,358 314,234
Creditors: Amounts Falling Due Within One Year 6 (236,262 ) (129,933 )
NET CURRENT ASSETS (LIABILITIES) 315,096 184,301
TOTAL ASSETS LESS CURRENT LIABILITIES 386,810 264,653
Creditors: Amounts Falling Due After More Than One Year 7 (191,197 ) (199,669 )
NET ASSETS 195,613 64,984
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 195,513 64,884
SHAREHOLDERS' FUNDS 195,613 64,984
Page 1
Page 2
For the year ending 30 November 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 responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Shahbaz Mahmood
Director
27/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
123 Medical Services Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC580483 . The registered office is 53 Mitchell Street, Glasgow, G1 3LN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned  from the rendering of services. rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised when the work has been completed.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 Years Straight line
Plant & Machinery 25% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 5)
8 5
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2022 13,046 5,840 73,981 10,138
Additions - 4,108 - 3,185
Disposals - (1,027 ) - -
As at 30 November 2023 13,046 8,921 73,981 13,323
Depreciation
As at 1 December 2022 - 2,463 14,796 5,394
Provided during the period 1,305 844 11,837 1,982
As at 30 November 2023 1,305 3,307 26,633 7,376
Net Book Value
As at 30 November 2023 11,741 5,614 47,348 5,947
As at 1 December 2022 13,046 3,377 59,185 4,744
Computer Equipment Total
£ £
Cost
As at 1 December 2022 - 103,005
Additions 1,587 8,880
Disposals - (1,027 )
As at 30 November 2023 1,587 110,858
Depreciation
As at 1 December 2022 - 22,653
Provided during the period 523 16,491
As at 30 November 2023 523 39,144
Net Book Value
As at 30 November 2023 1,064 71,714
As at 1 December 2022 - 80,352
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 263,208 -
Other debtors 285,700 252,500
548,908 252,500
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,479 9,479
Trade creditors 72,960 -
Bank loans and overdrafts - 40,000
Other creditors 101,448 63,632
Taxation and social security 52,375 16,822
236,262 129,933
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 54,530 63,002
Bank loans 136,667 136,667
191,197 199,669
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,479 9,479
Later than one year and not later than five years 54,530 63,002
64,009 72,481
64,009 72,481
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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