PTP Accounts Production v24.3.2.46 07266084 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072660842023-05-31072660842024-05-31072660842023-06-012024-05-31072660842022-05-31072660842022-06-012023-05-31072660842023-05-3107266084ns15:EnglandWales2023-06-012024-05-3107266084ns14:PoundSterling2023-06-012024-05-3107266084ns10:Director12023-06-012024-05-3107266084ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3107266084ns10:SmallEntities2023-06-012024-05-3107266084ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3107266084ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3107266084ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3107266084ns10:AbridgedAccounts2023-06-012024-05-3107266084ns10:Director22023-06-012024-05-3107266084ns10:RegisteredOffice2023-06-012024-05-3107266084ns5:CurrentFinancialInstruments2024-05-3107266084ns5:CurrentFinancialInstruments2023-05-3107266084ns5:Non-currentFinancialInstruments2024-05-3107266084ns5:Non-currentFinancialInstruments2023-05-3107266084ns5:ShareCapital2024-05-3107266084ns5:ShareCapital2023-05-3107266084ns5:RetainedEarningsAccumulatedLosses2024-05-3107266084ns5:RetainedEarningsAccumulatedLosses2023-05-3107266084ns5:FurnitureFittings2023-06-012024-05-3107266084ns5:ComputerEquipment2023-06-012024-05-3107266084ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-05-3107266084ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-05-31
REGISTERED NUMBER: 07266084 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 May 2024

for

LONDON COLORECTAL LIMITED

LONDON COLORECTAL LIMITED (REGISTERED NUMBER: 07266084)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LONDON COLORECTAL LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P Giordano
Mrs G Casolare





REGISTERED OFFICE: 27 Daventry Street
London
NW1 6TD





REGISTERED NUMBER: 07266084 (England and Wales)





ACCOUNTANTS: Garo & Co UK LLP
Chartered Certified Accountants
27 Daventry Street
London
NW1 6TD

LONDON COLORECTAL LIMITED (REGISTERED NUMBER: 07266084)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,811 6,785
Investments 5 9,213 9,213
15,024 15,998

CURRENT ASSETS
Debtors 6 471,654 420,606
Cash at bank 71,875 16,470
543,529 437,076
CREDITORS
Amounts falling due within one year 100,640 87,023
NET CURRENT ASSETS 442,889 350,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

457,913

366,051

CREDITORS
Amounts falling due after more than one
year

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES (1,500 ) (1,700 )
NET ASSETS 443,913 341,851

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 443,903 341,841
SHAREHOLDERS' FUNDS 443,913 341,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LONDON COLORECTAL LIMITED (REGISTERED NUMBER: 07266084)

Abridged Balance Sheet - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





P Giordano - Director


LONDON COLORECTAL LIMITED (REGISTERED NUMBER: 07266084)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

London Colorectal Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LONDON COLORECTAL LIMITED (REGISTERED NUMBER: 07266084)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments in Limited Liability Partnerships are measured at cost less permanent impairment.

Permanent impairments are taken to the Company's profit and loss account.

Going concern
The directors have continued to assess the Company's trading results at the time of signing the financial statements and confirm that it has adequate resources available to meet its liabilities as they fall due, allowing the Company to continue in operational existence for a period of twelve months from the date of signing these financial statements.

The directors therefore believe that it is appropriate for the financial statements to be prepared on the going concern basis..

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 13,899
Additions 1,079
At 31 May 2024 14,978
DEPRECIATION
At 1 June 2023 7,114
Charge for year 2,053
At 31 May 2024 9,167
NET BOOK VALUE
At 31 May 2024 5,811
At 31 May 2023 6,785

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 June 2023
and 31 May 2024 9,213
NET BOOK VALUE
At 31 May 2024 9,213
At 31 May 2023 9,213

LONDON COLORECTAL LIMITED (REGISTERED NUMBER: 07266084)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS - continued

Fixed asset investments are equity investments in Limited Liability Partnerships measured at cost less permanent impairment.

Permanent impairments are taken to the Company's profit and loss account.

The historic cost of the equity investments was £9,213 (2023: £9,213).

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other debtors 87,380 116,986

7. SECURED DEBTS

The bank loan included under creditors is supported by a guarantee from the UK Government to the bank under the Bounce Back Loan Scheme (BBLS).

The bank loan bears interest of 2.5% per annum.

8. RELATED PARTY DISCLOSURES

Included in debtors is an amount owing to the company by the directors. These are interest free advances of £267,858 (2023: £254,844) made to the directors of the company, to provide funds for the purposes of a house purchase, renovations and other funds for personal use. It is the intention of the directors to repay these advances in full as soon as funds are available. The balance represents the highest amount outstanding in the year.