S.I.Locum Limited 09145065 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is Locum Doctor Digita Accounts Production Advanced 6.30.9574.0 true true 09145065 2023-08-01 2024-07-31 09145065 2024-07-31 09145065 bus:OrdinaryShareClass1 2024-07-31 09145065 bus:OrdinaryShareClass2 2024-07-31 09145065 bus:OrdinaryShareClass3 2024-07-31 09145065 core:CurrentFinancialInstruments 2024-07-31 09145065 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 09145065 core:FurnitureFittingsToolsEquipment 2024-07-31 09145065 core:OtherPropertyPlantEquipment 2024-07-31 09145065 bus:SmallEntities 2023-08-01 2024-07-31 09145065 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09145065 bus:FilletedAccounts 2023-08-01 2024-07-31 09145065 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09145065 bus:RegisteredOffice 2023-08-01 2024-07-31 09145065 bus:Director1 2023-08-01 2024-07-31 09145065 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 09145065 bus:OrdinaryShareClass2 2023-08-01 2024-07-31 09145065 bus:OrdinaryShareClass3 2023-08-01 2024-07-31 09145065 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09145065 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 09145065 core:OfficeEquipment 2023-08-01 2024-07-31 09145065 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 09145065 core:PlantMachinery 2023-08-01 2024-07-31 09145065 countries:AllCountries 2023-08-01 2024-07-31 09145065 2023-07-31 09145065 core:FurnitureFittingsToolsEquipment 2023-07-31 09145065 core:OtherPropertyPlantEquipment 2023-07-31 09145065 2022-08-01 2023-07-31 09145065 2023-07-31 09145065 bus:OrdinaryShareClass1 2023-07-31 09145065 bus:OrdinaryShareClass2 2023-07-31 09145065 bus:OrdinaryShareClass3 2023-07-31 09145065 core:CurrentFinancialInstruments 2023-07-31 09145065 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 09145065 core:FurnitureFittingsToolsEquipment 2023-07-31 09145065 core:OtherPropertyPlantEquipment 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09145065

S.I.Locum Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

S.I.Locum Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

S.I.Locum Limited

Company Information

Director

Mr I Patel

Registered office

82 Blackburn Road
Accrington
Lancashire
BB5 1LL

Accountants

A.Y.A Accountants Limited
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

 

S.I.Locum Limited

(Registration number: 09145065)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,505

1,881

Investment property

5

184,618

184,618

 

186,123

186,499

Current assets

 

Debtors

6

-

6,149

Cash at bank and in hand

 

251,207

195,068

 

251,207

201,217

Creditors: Amounts falling due within one year

7

(24,349)

(45,890)

Net current assets

 

226,858

155,327

Net assets

 

412,981

341,826

Capital and reserves

 

Called up share capital

8

251

251

Retained earnings

412,730

341,575

Shareholders' funds

 

412,981

341,826

For the financial year ending 31 July 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 24 January 2025
 

.........................................
Mr I Patel
Director

 

S.I.Locum Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
82 Blackburn Road
Accrington
Lancashire
BB5 1LL
England

The principal place of business is:
23 Kingfisher Close
Blackburn
Lancashire
BB1 8NS
England

These financial statements were authorised for issue by the director on 24 January 2025.

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.

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.

 

S.I.Locum Limited

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

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

20% reducing balance

P&M

20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Borrowings

 

S.I.Locum Limited

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

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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).

 

S.I.Locum Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

4,213

709

4,922

At 31 July 2024

4,213

709

4,922

Depreciation

At 1 August 2023

2,481

560

3,041

Charge for the year

346

30

376

At 31 July 2024

2,827

590

3,417

Carrying amount

At 31 July 2024

1,386

119

1,505

At 31 July 2023

1,732

149

1,881

5

Investment properties

2024
£

At 1 August

184,618

At 31 July

184,618

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Other debtors

-

6,149

 

-

6,149

 

S.I.Locum Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

2,000

27,964

Taxation and social security

 

21,409

17,126

Accruals and deferred income

 

940

800

 

24,349

45,890

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary B of £1 each

150

150

150

150

Ordinary C of £0.01 each

150

1

150

1

400

251

400

251

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

2,000

27,964

10

Dividends

2024

2023

£

£

 

 

11

Related party transactions

 

S.I.Locum Limited

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

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

15,094

25,118