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Company Registration No. 11489527 (England and Wales)
Khosla Locums Ltd Filleted accounts for the year ended 31 July 2024
Khosla Locums Ltd Filleted accounts Contents
Page
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Khosla Locums Ltd Company Information for the year ended 31 July 2024
Directors
Anita Khosla Sajan Khosla
Company Number
11489527 (England and Wales)
Registered Office
32 Green End Great Stukeley Huntingdon PE28 4AE
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Khosla Locums Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,639 
28,806 
Current assets
Debtors
971 
9,293 
Cash at bank and in hand
2,151 
139 
3,122 
9,432 
Creditors: amounts falling due within one year
(2,029)
(5,428)
Net current assets
1,093 
4,004 
Total assets less current liabilities
19,732 
32,810 
Creditors: amounts falling due after more than one year
- 
(26,008)
Net assets
19,732 
6,802 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,731 
6,801 
Shareholders' funds
19,732 
6,802 
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 directors acknowledge their 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 of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by
Anita Khosla Director Company Registration No. 11489527
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Khosla Locums Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Khosla Locums Ltd is a private company, limited by shares, registered in England and Wales, registration number 11489527. The registered office is 32 Green End, Great Stukeley, Huntingdon, PE28 4AE.
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, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
20% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Khosla Locums Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2023
50,835 
At 31 July 2024
50,835 
Depreciation
At 1 August 2023
22,029 
Charge for the year
10,167 
At 31 July 2024
32,196 
Net book value
At 31 July 2024
18,639 
At 31 July 2023
28,806 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
971 
9,293 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
5,015 
Taxes and social security
1,508 
- 
Accruals
521 
413 
2,029 
5,428 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
26,008 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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