Registered number
07238982
Ghataura Medical Services Limited
Filleted Accounts
30 June 2024
Ghataura Medical Services Limited
Registered number: 07238982
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,752 3,671
Current assets
Cash at bank and in hand 122,520 94,546
Creditors: amounts falling due within one year 4 (104,584) (80,857)
Net current assets 17,936 13,689
Total assets less current liabilities 23,688 17,360
Creditors: amounts falling due after more than one year 5 (7,891) (14,112)
Provisions for liabilities (641) (669)
Net assets 15,156 2,579
Capital and reserves
Called up share capital 140 140
Profit and loss account 15,016 2,439
Shareholders' funds 15,156 2,579
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.
Sukhvinder Singh Ghataura
Director
Approved by the board on 22 January 2025
Ghataura Medical Services Limited
Notes to the Accounts
for the year ended 30 June 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 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 10,791
Additions 3,096
At 30 June 2024 13,887
Depreciation
At 1 July 2023 7,120
Charge for the year 1,015
At 30 June 2024 8,135
Net book value
At 30 June 2024 5,752
At 30 June 2023 3,671
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan due to Covid-19 6,645 6,913
Trade creditors 1,594 -
Taxation and social security costs 12,585 14,448
Directors loan account 82,141 57,937
Other creditors 1,619 1,559
104,584 80,857
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan due to Covid-19 7,891 14,112
6 Other information
Ghataura Medical Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill, Ilford
Essex
IG2 6UF
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