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Company Registration No. 13815757 (England and Wales)
OMF SURGERY LTD Unaudited accounts for the year ended 31 March 2024
OMF SURGERY LTD Unaudited accounts Contents
Page
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OMF SURGERY LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
383,124 
- 
Cash at bank and in hand
127,227 
287,867 
510,351 
287,867 
Creditors: amounts falling due within one year
(132,091)
(104,575)
Net current assets
378,260 
183,292 
Net assets
378,260 
183,292 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
377,260 
182,292 
Shareholders' funds
378,260 
183,292 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 December 2024 and were signed on its behalf by
Dr M Shorafa Director Company Registration No. 13815757
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OMF SURGERY LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
OMF SURGERY LTD is a private company, limited by shares, registered in England and Wales, registration number 13815757. The registered office is 24 Rowland Place, Green Lane,, GREEN LANE, Northwood, HA6 1AD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 23 December 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. 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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,124 
- 
Other debtors
350,000 
- 
383,124 
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,200 
- 
Taxes and social security
64,989 
42,760 
Other creditors
63,712 
60,790 
Accruals
2,190 
1,025 
132,091 
104,575 
6
Transactions with related parties
Other debtors include £350,000 (2023: Nil) due from Gx One Ltd, a company in which Dr M Shorafa is shareholder and director.
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OMF SURGERY LTD Notes to the Accounts for the year ended 31 March 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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