Registered number
06317972
Whitefield Medical Services Limited
Filleted Accounts
31 July 2024
Whitefield Medical Services Limited
Registered number: 06317972
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 812 52,733
Current assets
Debtors 4 147,934 33,887
Cash at bank and in hand 209,721 294,566
357,655 328,453
Creditors: amounts falling due within one year 5 (201,192) (198,631)
Net current assets 156,463 129,822
Total assets less current liabilities 157,275 182,555
Provisions for liabilities (154) (12,278)
Net assets 157,121 170,277
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 152,121 165,277
Shareholders' funds 157,121 170,277
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Sultana
Director
Approved by the board on 31 October 2024
Whitefield Medical Services Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line basis
Motor vehicles 25% straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 13
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 40,404 74,409 114,813
Disposals - (74,409) (74,409)
At 31 July 2024 40,404 - 40,404
Depreciation
At 1 August 2023 38,828 23,252 62,080
Charge for the year 764 - 764
On disposals - (23,252) (23,252)
At 31 July 2024 39,592 - 39,592
Net book value
At 31 July 2024 812 - 812
At 31 July 2023 1,576 51,157 52,733
4 Debtors 2024 2023
£ £
Other debtors 147,934 33,887
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 10,170
Taxation and social security costs 5,669 15,475
Other creditors 195,523 172,986
201,192 198,631
6 Loans to directors
Interest at the official rate B/fwd Paid Repaid C/fwd
£ £ £ £
N Sultana
Loan - 129,803 - 129,803
- 129,803 - 129,803
7 Other information
Whitefield Medical Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Yarnspinners Primary Healthcare Centre
Carr Road
Nelson
Lancashire
BB9 7SR
Whitefield Medical Services Limited 06317972 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 N Sultana No description of principal activity 06317972 2022-08-01 2023-07-31 06317972 core:WithinOneYear 2023-07-31 06317972 core:ShareCapital 2023-07-31 06317972 core:RetainedEarningsAccumulatedLosses 2023-07-31 06317972 2023-08-01 2024-07-31 06317972 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06317972 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06317972 bus:Director40 2023-08-01 2024-07-31 06317972 1 2023-08-01 2024-07-31 06317972 2 2023-08-01 2024-07-31 06317972 core:PlantMachinery 2023-08-01 2024-07-31 06317972 core:Vehicles 2023-08-01 2024-07-31 06317972 bus:Director1 2023-08-01 2024-07-31 06317972 bus:Director1 1 2023-08-01 2024-07-31 06317972 countries:England 2023-08-01 2024-07-31 06317972 bus:FRS102 2023-08-01 2024-07-31 06317972 bus:FilletedAccounts 2023-08-01 2024-07-31 06317972 2024-07-31 06317972 core:WithinOneYear 2024-07-31 06317972 core:ShareCapital 2024-07-31 06317972 core:RetainedEarningsAccumulatedLosses 2024-07-31 06317972 core:PlantMachinery 2024-07-31 06317972 core:Vehicles 2024-07-31 06317972 bus:Director1 1 2024-07-31 06317972 2023-07-31 06317972 core:PlantMachinery 2023-07-31 06317972 core:Vehicles 2023-07-31 06317972 bus:Director1 1 2023-07-31 iso4217:GBP xbrli:pure