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Registered Number: 08653844
England and Wales

 

 

 

GENERAL MEDICARE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Report to the directors on the preparation of the unaudited statutory accounts of GENERAL MEDICARE LTD for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GENERAL MEDICARE LTD for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of GENERAL MEDICARE LTD, as a body, in accordance with the terms of our engagement letter dated 12 December 2024 Our work has been undertaken solely to prepare for your approval the accounts of GENERAL MEDICARE LTD and state those matters that we have agreed to state to the Board of Directors of GENERAL MEDICARE LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GENERAL MEDICARE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GENERAL MEDICARE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GENERAL MEDICARE LTD. You consider that GENERAL MEDICARE LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of GENERAL MEDICARE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 June 2024



....................................................
Harans & co
Harans & co

Chartered certified accountants
324 Stafford road
Croydon
Surrey
CR0 4NH
12 December 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 21,991    25,133 
Tangible fixed assets 4 32,883    38,686 
54,874    63,819 
Current assets      
Debtors 233,185    232,305 
Cash at bank and in hand 14,993    36,080 
248,178    268,385 
Creditors: amount falling due within one year (59,941)   (47,791)
Net current assets 188,237    220,594 
 
Total assets less current liabilities 243,111    284,413 
Creditors: amount falling due after more than one year (32,387)   (47,385)
Net assets 210,724    237,028 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 210,624    236,928 
Shareholders' funds 210,724    237,028 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 12 December 2024 and were signed on its behalf by:


-------------------------------
Mr Vinnasythamby Paramalingam Lingajothy
Director
2
General Information
GENERAL MEDICARE LTD is a private company, limited by shares, registered in England and Wales, registration number 08653844, registration address 82 Palace Road, London, London, SW2 3JY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 38 (2023 : 33).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 July 2023 140,000    140,000 
Additions  
Disposals  
At 30 June 2024 140,000    140,000 
Amortisation
At 01 July 2023 114,867    114,867 
Charge for year 3,142    3,142 
On disposals  
At 30 June 2024 118,009    118,009 
Net book values
At 30 June 2024 21,991    21,991 
At 30 June 2023 25,133    25,133 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 July 2023 49,020    6,263    55,283 
Additions    
Disposals    
At 30 June 2024 49,020    6,263    55,283 
Depreciation
At 01 July 2023 13,603    2,994    16,597 
Charge for year 5,313    490    5,803 
On disposals    
At 30 June 2024 18,916    3,484    22,400 
Net book values
Closing balance as at 30 June 2024 30,104    2,779    32,883 
Opening balance as at 01 July 2023 35,417    3,269    38,686 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class shares of £1.00 each 100    100 
100    100 

3