Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30true2023-10-01falsethat of providing healthcare facilities and treatment140135truefalse 09692848 2023-10-01 2024-09-30 09692848 2022-10-01 2023-09-30 09692848 2024-09-30 09692848 2023-09-30 09692848 c:Director1 2023-10-01 2024-09-30 09692848 c:Director2 2023-10-01 2024-09-30 09692848 c:Director4 2023-10-01 2024-09-30 09692848 c:Director7 2023-10-01 2024-09-30 09692848 c:RegisteredOffice 2023-10-01 2024-09-30 09692848 d:FurnitureFittings 2023-10-01 2024-09-30 09692848 d:FurnitureFittings 2024-09-30 09692848 d:FurnitureFittings 2023-09-30 09692848 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09692848 d:OfficeEquipment 2023-10-01 2024-09-30 09692848 d:OfficeEquipment 2024-09-30 09692848 d:OfficeEquipment 2023-09-30 09692848 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09692848 d:ComputerEquipment 2023-10-01 2024-09-30 09692848 d:ComputerEquipment 2024-09-30 09692848 d:ComputerEquipment 2023-09-30 09692848 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09692848 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 09692848 d:OtherPropertyPlantEquipment 2024-09-30 09692848 d:OtherPropertyPlantEquipment 2023-09-30 09692848 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09692848 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09692848 d:ComputerSoftware 2024-09-30 09692848 d:ComputerSoftware 2023-09-30 09692848 d:CurrentFinancialInstruments 2024-09-30 09692848 d:CurrentFinancialInstruments 2023-09-30 09692848 d:Non-currentFinancialInstruments 2024-09-30 09692848 d:Non-currentFinancialInstruments 2023-09-30 09692848 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09692848 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09692848 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 09692848 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 09692848 d:ShareCapital 2024-09-30 09692848 d:ShareCapital 2023-09-30 09692848 d:RetainedEarningsAccumulatedLosses 2024-09-30 09692848 d:RetainedEarningsAccumulatedLosses 2023-09-30 09692848 c:FRS102 2023-10-01 2024-09-30 09692848 c:Audited 2023-10-01 2024-09-30 09692848 c:FullAccounts 2023-10-01 2024-09-30 09692848 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09692848 d:Subsidiary1 2023-10-01 2024-09-30 09692848 d:Subsidiary1 1 2023-10-01 2024-09-30 09692848 d:Subsidiary2 2023-10-01 2024-09-30 09692848 d:Subsidiary2 1 2023-10-01 2024-09-30 09692848 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09692848 6 2023-10-01 2024-09-30 09692848 d:ComputerSoftware d:OwnedIntangibleAssets 2023-10-01 2024-09-30 09692848 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 09692848









ONE STOP DOCTORS LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ONE STOP DOCTORS LTD
 
 
COMPANY INFORMATION


Directors
P E W Harris 
P W Harris 
T W Harris 
A M Swinburn 




Registered number
09692848



Registered office
One Medical House
Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7YU




Independent auditor
Hillier Hopkins LLP
Chartered Accountants & Statutory Auditor

249 Silbury Boulevard

Milton Keynes

Buckinghamshire

MK9 1NA





 
ONE STOP DOCTORS LTD
REGISTERED NUMBER: 09692848

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
14,913
35,896

Tangible assets
 5 
996,270
997,710

Investments
 6 
289,598
100

  
1,300,781
1,033,706

Current assets
  

Stocks
 7 
393,368
368,123

Debtors: amounts falling due after more than one year
 8 
1,535,944
1,477,951

Debtors: amounts falling due within one year
 8 
1,478,527
1,412,750

Cash at bank and in hand
 9 
137,121
298,583

  
3,544,960
3,557,407

Creditors: amounts falling due within one year
 10 
(35,003,702)
(28,738,437)

Net current liabilities
  
 
 
(31,458,742)
 
 
(25,181,030)

Creditors: amounts falling due after more than one year
  
(96,541)
-

  

Net liabilities
  
(30,254,502)
(24,147,324)


Capital and reserves
  

Called up share capital 
  
21,701,031
21,701,031

Profit and loss account
  
(51,955,533)
(45,848,355)

  
(30,254,502)
(24,147,324)


Page 1

 
ONE STOP DOCTORS LTD
REGISTERED NUMBER: 09692848
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P W Harris
Director
Date: 15 December 2024

Page 2

 
ONE STOP DOCTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

One Stop Doctors Ltd is a company incorporated in England and Wales and is limited by shares. The address of the registered office is One Medical House, Boundary Way, Hemel Hempstead, Hertfordshire, HP2 7YU.
The principal activity of the Company was that of providing private heathcare facilities and treatment.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the net liabilities shown on the balance sheet. The Company has the full and continuing support from its parent company and controlling party, One Stop Private Doctors Limited and its major shareholder, Mr P W Harris.

Page 3

 
ONE STOP DOCTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
ONE STOP DOCTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line
Office equipment
-
20%
Straight line
Computer equipment
-
20%
Straight line
Medical equipment
-
10%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
ONE STOP DOCTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The
Page 6

 
ONE STOP DOCTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)

impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 140 (2023 - 135).


4.


Intangible assets




Computer software

£



Cost


At 1 October 2023
110,172



At 30 September 2024

110,172



Amortisation


At 1 October 2023
74,276


Charge for the year on owned assets
20,983



At 30 September 2024

95,259



Net book value



At 30 September 2024
14,913



At 30 September 2023
35,896



Page 7

 
ONE STOP DOCTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Medical equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
93,898
190,440
1,337,973
344,099
1,966,410


Additions
55,026
40,647
139,055
72,800
307,528


Transfers intra group
-
-
-
(8,100)
(8,100)



At 30 September 2024

148,924
231,087
1,477,028
408,799
2,265,838



Depreciation


At 1 October 2023
55,282
150,432
653,663
109,323
968,700


Charge for the year on owned assets
13,843
20,019
228,770
40,863
303,495


Transfers intra group
-
-
-
(2,627)
(2,627)



At 30 September 2024

69,125
170,451
882,433
147,559
1,269,568



Net book value



At 30 September 2024
79,799
60,636
594,595
261,240
996,270



At 30 September 2023
38,616
40,008
684,310
234,776
997,710

Page 8

 
ONE STOP DOCTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
100


Additions
289,498



At 30 September 2024
289,598






Net book value



At 30 September 2024
289,598



At 30 September 2023
100


Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

One Stop Dental Practice Limited
Ordinary
100%
OSD Healthcare Endoscopy Centre Limited
Ordinary
96%


7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
393,368
368,123


Page 9

 
ONE STOP DOCTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
1,535,944
1,477,951


2024
2023
£
£

Due within one year

Trade debtors
1,179,938
1,088,071

Other debtors
758
3,122

Prepayments and accrued income
297,831
321,557

1,478,527
1,412,750



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
137,121
298,583



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
550,412
494,410

Amounts owed to group undertakings
34,100,027
27,636,287

Other taxation and social security
139,531
144,767

Other creditors
18,183
21,136

Accruals and deferred income
195,549
441,837

35,003,702
28,738,437



11.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
96,541
-


Page 10

 
ONE STOP DOCTORS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Deferred taxation


The Company has unrecognised net tax losses of £51,892,941 (2023 - £45,763,869). These have not been recognised as an asset of £12,973,235 (2023 - £11,440,967) as the directors do not consider there to be sufficient certainty that there will be taxable profits against which to relieve any asset in the foreseeable future.


13.


Pension commitments

The Company operates a defined contribution pension scheme, the assets of which are held in an independently administered fund. The pension cost charges represents contributions payable by the Company and amounted to £120,035 (2023 - £111,300). Contributions totalling £24,541 (2023 - £46,601) were payable at the year end and are included in other creditors. 


14.


Related party transactions

The Company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with 100% owned group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company. 
The Company has not entered into any transactions with related parties that are not conducted on normal commercial terms and conditions during the period. 


15.


Controlling party

The Company is a wholly owned subsidiary of One Stop Private Doctors Limited, a company incorporated in England and Wales, which is controlled by P W Harris a director of the Company by virtue of his majority shareholding.
The results of the Company have been consolidated and copies of the group financial statements can be obtained from:
Companies House
Crown Way
Cardiff
CF14 3UZ


16.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 24 December 2024 by Grant Franklin ACA (senior statutory auditor) on behalf of Hillier Hopkins LLP.

 
Page 11