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REGISTERED NUMBER: 05951240 (England and Wales)















GP Services (Milton Keynes) Limited

Financial Statements for the Year Ended 30 September 2024






GP Services (Milton Keynes) Limited (Registered number: 05951240)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


GP Services (Milton Keynes) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr G J Pitcher
Mrs R J Pitcher





REGISTERED OFFICE: 4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB





REGISTERED NUMBER: 05951240 (England and Wales)

GP Services (Milton Keynes) Limited (Registered number: 05951240)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,427 31,501

CURRENT ASSETS
Stock and work in progress 2,500 2,500
Debtors 5 249,830 144,450
Cash at bank 4,691 106,205
257,021 253,155
CREDITORS
Amounts falling due within one year 6 (107,983 ) (84,476 )
NET CURRENT ASSETS 149,038 168,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,465

200,180

CREDITORS
Amounts falling due after more than one year 7 (11,938 ) (21,592 )

PROVISIONS FOR LIABILITIES (6,106 ) (7,875 )
NET ASSETS 155,421 170,713

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 155,419 170,711
SHAREHOLDERS' FUNDS 155,421 170,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

GP Services (Milton Keynes) Limited (Registered number: 05951240)

Balance Sheet - continued
30 September 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 20 January 2025 and were signed on its behalf by:





Mr G J Pitcher - Director


GP Services (Milton Keynes) Limited (Registered number: 05951240)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

GP Services (Milton Keynes) 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

GP Services (Milton Keynes) Limited (Registered number: 05951240)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 50,238
Additions 852
At 30 September 2024 51,090
DEPRECIATION
At 1 October 2023 18,737
Charge for year 7,926
At 30 September 2024 26,663
NET BOOK VALUE
At 30 September 2024 24,427
At 30 September 2023 31,501

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 840 3,088
Other debtors 248,990 141,362
249,830 144,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,700 9,700
Trade creditors 31,496 34,379
Taxation and social security 65,222 38,802
Other creditors 1,565 1,595
107,983 84,476

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,938 21,592