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REGISTERED NUMBER: 09459805 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

The Laurels Medical Services Ltd

The Laurels Medical Services Ltd (Registered number: 09459805)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


The Laurels Medical Services Ltd (Registered number: 09459805)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,413 527

CURRENT ASSETS
Debtors 5 9,568 10,723
Investments 6 2,585 2,231
Cash at bank 241,045 214,576
253,198 227,530
CREDITORS
Amounts falling due within one year 7 12,082 26,710
NET CURRENT ASSETS 241,116 200,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,529

201,347

PROVISIONS FOR LIABILITIES 1,978 2,780
NET ASSETS 249,551 198,567

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 249,451 198,467
SHAREHOLDERS' FUNDS 249,551 198,567

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 20th May 2025 and were signed on its behalf by:




Dr C Augustine - Director


The Laurels Medical Services Ltd (Registered number: 09459805)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. COMPANY INFORMATION

The Laurels Medical Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09459805

Registered office: The Lexicon
Mount Street
Manchester
M2 5NT

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
Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% straight line

Motor Vehicle - 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

The Laurels Medical Services Ltd (Registered number: 09459805)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st September 2023 5,502 74,050 79,552
Additions 12,190 - 12,190
Disposals (3,394 ) - (3,394 )
At 31st August 2024 14,298 74,050 88,348
DEPRECIATION
At 1st September 2023 4,975 74,050 79,025
Charge for year 2,304 - 2,304
Eliminated on disposal (3,394 ) - (3,394 )
At 31st August 2024 3,885 74,050 77,935
NET BOOK VALUE
At 31st August 2024 10,413 - 10,413
At 31st August 2023 527 - 527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 9,568 10,723

6. CURRENT ASSET INVESTMENTS

Market value of listed investments at 31 August 2024 - £2,585 (2023 - £2,231).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Tax 4,321 9,802
Directors' current accounts 6,991 16,177
Accrued expenses 770 731
12,082 26,710

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

The Laurels Medical Services Ltd (Registered number: 09459805)

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

8. CALLED UP SHARE CAPITAL - continued

The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2024 and 31st August 2023:

31.8.24 31.8.23
£    £   
Dr C Augustine and Dr N Augustine
Balance outstanding at start of year (16,177 ) (12,641 )
Amounts advanced 14,000 8,000
Amounts repaid (4,814 ) (11,536 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,991 ) (16,177 )

The loan is payable on demand and no interest was charged during the year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr C Augustine by virtue of holding 100% of the voting share capital.