1 August 2023 false No description of principal activity Taxfiler 2024.6 08138046business:PrivateLimitedCompanyLtd2023-08-012024-07-31 081380462023-07-31 081380462023-08-012024-07-31 08138046business:AuditExemptWithAccountantsReport2023-08-012024-07-31 08138046business:FilletedAccounts2023-08-012024-07-31 081380462024-07-31 08138046business:Director12023-08-012024-07-31 08138046business:RegisteredOffice2023-08-012024-07-31 081380462023-07-31 08138046core:WithinOneYear2024-07-31 08138046core:WithinOneYear2023-07-31 08138046core:AfterOneYear2024-07-31 08138046core:AfterOneYear2023-07-31 08138046core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 08138046core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 08138046core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 08138046core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 08138046core:PreviouslyStatedAmount2024-07-31 08138046core:PreviouslyStatedAmount2023-07-31 08138046business:SmallEntities2023-08-012024-07-31 08138046countries:EnglandWales2023-08-012024-07-31 08138046core:FurnitureFittings2023-08-012024-07-31 08138046core:ComputerEquipment2023-08-012024-07-31 08138046core:FurnitureFittings2023-07-31 08138046core:ComputerEquipment2023-07-31 08138046core:FurnitureFittings2024-07-31 08138046core:ComputerEquipment2024-07-31 08138046core:AfterOneYear2023-08-012024-07-31 081380462022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 08138046 (England and Wales)
Independent Practice Management Ltd Unaudited accounts for the year ended 31 July 2024
Independent Practice Management Ltd Unaudited accounts Contents
Page
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Independent Practice Management Ltd Company Information for the year ended 31 July 2024
Director
Sally Ghafoor
Company Number
08138046 (England and Wales)
Registered Office
4 Mimosa Drive Fair Oak Southampton Hampshire SO50 7LG
Accountants
TBT Accountancy Ltd Kingfisher House Rownhams Lane North Baddesley Southampton Hampshire SO52 9LP
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Independent Practice Management Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,166 
1,845 
Current assets
Debtors
28,050 
12,240 
Cash at bank and in hand
8,860 
14,177 
36,910 
26,417 
Creditors: amounts falling due within one year
(31,969)
(21,457)
Net current assets
4,941 
4,960 
Total assets less current liabilities
9,107 
6,805 
Creditors: amounts falling due after more than one year
(2,083)
(4,795)
Net assets
7,024 
2,010 
Capital and reserves
Called up share capital
103 
103 
Profit and loss account
6,921 
1,907 
Shareholders' funds
7,024 
2,010 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 March 2025 and were signed on its behalf by
Sally Ghafoor Director Company Registration No. 08138046
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Independent Practice Management Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Independent Practice Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 08138046. The registered office is 4 Mimosa Drive , Fair Oak, Southampton , Hampshire , SO50 7LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates (the company is not VAT registered). Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
25% reducing balance
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Independent Practice Management Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
242 
2,436 
2,678 
Additions
642 
3,012 
3,654 
At 31 July 2024
884 
5,448 
6,332 
Depreciation
At 1 August 2023
48 
785 
833 
Charge for the year
167 
1,166 
1,333 
At 31 July 2024
215 
1,951 
2,166 
Net book value
At 31 July 2024
669 
3,497 
4,166 
At 31 July 2023
194 
1,651 
1,845 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,880 
12,080 
Accrued income and prepayments
2,170 
160 
28,050 
12,240 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,500 
2,500 
Taxes and social security
21,923 
15,958 
Other creditors
1,186 
- 
Loans from directors
6 
172 
Accruals
6,354 
2,827 
31,969 
21,457 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,083 
4,795 
Business Bounce Back Loan
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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