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COMPANY REGISTRATION NUMBER: 07284874
The Doctors Laser Clinic Limited
Unaudited financial statements
31 December 2024
The Doctors Laser Clinic Limited
Statement of financial position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
163,207
195,486
Current assets
Stocks
33,862
30,146
Debtors
6
1,836
1,827
Cash at bank and in hand
87,379
138,368
---------
---------
123,077
170,341
Creditors: Amounts falling due within one year
7
( 94,864)
( 149,427)
---------
---------
Net current assets
28,213
20,914
---------
---------
Total assets less current liabilities
191,420
216,400
Creditors: Amounts falling due after more than one year
8
( 16,667)
( 79,625)
Provisions
( 33,470)
( 40,122)
---------
---------
Net assets
141,283
96,653
---------
---------
Capital and reserves
Called up share capital
1,200
1,200
Profit and loss account
140,083
95,453
---------
-------
Shareholders funds
141,283
96,653
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Doctors Laser Clinic Limited
Statement of financial position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 14 May 2025 , and are signed on behalf of the board by:
Dr K J Kestin
Director
Company registration number: 07284874
The Doctors Laser Clinic Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
L'hold improvements
-
Over the period of the lease
Plant & Machinery
-
20% reducing balance
Fixtures & Fittings
-
25% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Average number of employees
The average number of employees during the year was 10 (2023: 11 ).
5. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 January 2024
203,535
507,507
38,093
17,856
766,991
Additions
17,311
1,255
18,566
---------
---------
-------
-------
---------
At 31 December 2024
203,535
524,818
38,093
19,111
785,557
---------
---------
-------
-------
---------
Depreciation
At 1 January 2024
192,095
333,166
32,896
13,348
571,505
Charge for the year
10,259
37,847
1,299
1,440
50,845
---------
---------
-------
-------
---------
At 31 December 2024
202,354
371,013
34,195
14,788
622,350
---------
---------
-------
-------
---------
Carrying amount
At 31 December 2024
1,181
153,805
3,898
4,323
163,207
---------
---------
-------
-------
---------
At 31 December 2023
11,440
174,341
5,197
4,508
195,486
---------
---------
-------
-------
---------
6. Debtors
2024
2023
£
£
Trade debtors
29
Other debtors
1,836
1,798
------
------
1,836
1,827
------
------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans
40,000
40,000
Trade creditors
15,997
13,265
Social security and other taxes
32,143
40,916
Other creditors
6,724
55,246
-------
---------
94,864
149,427
-------
---------
Other creditors due within one year include hire purchase liabilities of £nil (2023: £14,500), which are secured on the assets to which they relate. The bank loans relate to an unsecured bank loan facility taken out by the Company.
8. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans
16,667
56,667
Other creditors
22,958
-------
-------
16,667
79,625
-------
-------
Other creditors due after more than one year include hire purchase liabilities of £nil (2023: £22,958), which are secured on the assets to which they relate. The bank loans relate to an unsecured bank loan facility taken out by the Company.
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
13,200
39,600
Later than 1 year and not later than 5 years
13,200
-------
-------
13,200
52,800
-------
-------