AS-Dermatology Ltd 14135070 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Specialists medical practice activites Digita Accounts Production Advanced 6.30.9574.0 true true 14135070 2023-06-01 2024-05-31 14135070 2024-05-31 14135070 core:RetainedEarningsAccumulatedLosses 2024-05-31 14135070 core:ShareCapital 2024-05-31 14135070 core:CurrentFinancialInstruments 2024-05-31 14135070 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14135070 core:OtherResidualIntangibleAssets 2024-05-31 14135070 core:FurnitureFittingsToolsEquipment 2024-05-31 14135070 bus:SmallEntities 2023-06-01 2024-05-31 14135070 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14135070 bus:FilletedAccounts 2023-06-01 2024-05-31 14135070 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14135070 bus:RegisteredOffice 2023-06-01 2024-05-31 14135070 bus:Chairman 2023-06-01 2024-05-31 14135070 bus:Director1 2023-06-01 2024-05-31 14135070 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14135070 core:ComputerSoftware 2023-06-01 2024-05-31 14135070 core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 14135070 core:ComputerEquipment 2023-06-01 2024-05-31 14135070 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 14135070 countries:AllCountries 2023-06-01 2024-05-31 14135070 2023-05-31 14135070 core:OtherResidualIntangibleAssets 2023-05-31 14135070 core:FurnitureFittingsToolsEquipment 2023-05-31 14135070 2022-05-26 2023-05-31 14135070 2023-05-31 14135070 core:RetainedEarningsAccumulatedLosses 2023-05-31 14135070 core:ShareCapital 2023-05-31 14135070 core:CurrentFinancialInstruments 2023-05-31 14135070 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14135070 core:OtherResidualIntangibleAssets 2023-05-31 14135070 core:FurnitureFittingsToolsEquipment 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 14135070

AS-Dermatology Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

AS-Dermatology Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

AS-Dermatology Ltd

Company Information

Chairman

Dr A Salim

Director

Mr D Campbell

Registered office

Oakmoore Court Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

AS-Dermatology Ltd

(Registration number: 14135070)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

233

251

Tangible assets

5

1,291

825

 

1,524

1,076

Current assets

 

Debtors

6

1,775

6,881

Cash at bank and in hand

 

75,628

27,558

 

77,403

34,439

Creditors: Amounts falling due within one year

7

(17,904)

(10,415)

Net current assets

 

59,499

24,024

Net assets

 

61,023

25,100

Capital and reserves

 

Called up share capital

100

100

Retained earnings

60,923

25,000

Shareholders' funds

 

61,023

25,100

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

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 December 2024
 

.........................................
Dr A Salim
Chairman

   
     
 

AS-Dermatology Ltd

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

1

General information

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

The address of its registered office is:
Oakmoore Court Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH
Great Britain

The principal place of business is:
1129 Evesham Road
Astwood Bank
Redditch
Worcs
B96 6EE

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.

 

AS-Dermatology Ltd

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

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.

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

Office equipment

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Computer software

15 years straight line

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.

 

AS-Dermatology Ltd

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

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 June 2023

269

269

At 31 May 2024

269

269

Amortisation

At 1 June 2023

18

18

Amortisation charge

18

18

At 31 May 2024

36

36

Carrying amount

At 31 May 2024

233

233

At 31 May 2023

251

251

 

AS-Dermatology Ltd

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

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

1,100

1,100

Additions

896

896

At 31 May 2024

1,996

1,996

Depreciation

At 1 June 2023

275

275

Charge for the year

430

430

At 31 May 2024

705

705

Carrying amount

At 31 May 2024

1,291

1,291

At 31 May 2023

825

825

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,775

6,881

 

1,775

6,881

7

Creditors

2024
£

2023
£

Due within one year

Trade creditors

947

1,161

Amounts owed to related parties

6,668

2,127

Other creditors

10,289

7,127

17,904

10,415