Registered number
09165992
General Practice Management Consultancy Limited
Filleted Accounts
31 August 2024
General Practice Management Consultancy Limited
Registered number: 09165992
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 42,396 54,915
Current assets
Debtors 4 100,419 118,933
Cash at bank and in hand 4,188 20,130
104,607 139,063
Creditors: amounts falling due within one year 5 (21,362) (7,023)
Net current assets 83,245 132,040
Total assets less current liabilities 125,641 186,955
Creditors: amounts falling due after more than one year 6 (34,525) (70,014)
Net assets 91,116 116,941
Capital and reserves
Called up share capital 2 2
Profit and loss account 91,114 116,939
Shareholders' funds 91,116 116,941
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Khalique
Director
Approved by the board on 30 April 2025
General Practice Management Consultancy Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 13,848 90,466 104,314
Additions 1,614 - 1,614
At 31 August 2024 15,462 90,466 105,928
Depreciation
At 1 September 2023 9,820 39,579 49,399
Charge for the year 1,411 12,722 14,133
At 31 August 2024 11,231 52,301 63,532
Net book value
At 31 August 2024 4,231 38,165 42,396
At 31 August 2023 4,028 50,887 54,915
4 Debtors 2024 2023
£ £
Other debtors 100,419 118,933
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,360 3,360
Obligations under finance lease and hire purchase contracts 15,873 -
Trade creditors 1,075 -
Taxation and social security costs - 2,791
Other creditors 1,054 872
21,362 7,023
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,800 6,542
Obligations under finance lease and hire purchase contracts 31,725 63,472
34,525 70,014
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A Khalique 89,007 14,135 (35,272) 67,870
89,007 14,135 (35,272) 67,870
8 Controlling party
A Khalique was the controlling party throughout the year.
9 Other information
General Practice Management Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Poplars Court
Lenton Lane
Nottingham
NG7 2RR
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