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Company Registration No. 10284518 (England and Wales)
AIT Medical Services Ltd Filleted accounts for the year ended 31 July 2024
AIT Medical Services Ltd Filleted accounts Contents
Page
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AIT Medical Services Ltd Company Information for the year ended 31 July 2024
Director
Dr Abbas Tejani
Company Number
10284518 (England and Wales)
Registered Office
23 Morland Avenue Leicester LE2 2PF
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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AIT Medical Services Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
1 
1 
Current assets
Debtors
88,577 
88,577 
Cash at bank and in hand
122,564 
88,419 
211,141 
176,996 
Creditors: amounts falling due within one year
(15,979)
(21,532)
Net current assets
195,162 
155,464 
Total assets less current liabilities
195,163 
155,465 
Creditors: amounts falling due after more than one year
(6,377)
(13,175)
Net assets
188,786 
142,290 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
188,686 
142,190 
Shareholders' funds
188,786 
142,290 
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 his 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 25 April 2025 and were signed on its behalf by
Dr Abbas Tejani Director Company Registration No. 10284518
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AIT Medical Services Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
AIT Medical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 10284518. The registered office is 23 Morland Avenue, Leicester, LE2 2PF.
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.
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.
Investments
Investments in shares are included at fair value.
4
Investments
Other investments 
£ 
Valuation at 1 August 2023
1 
Valuation at 31 July 2024
1 
GRMC Leicester Limited
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AIT Medical Services Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,151 
1,151 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
87,426 
87,426 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,163 
7,163 
Taxes and social security
7,960 
13,513 
Accruals
856 
856 
15,979 
21,532 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,377 
10,175 
Amounts owed to group undertakings and other participating interests
3,000 
3,000 
6,377 
13,175 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
99 A Ordinary shares of £1 each
99 
99 
1 B Ordinary Shares of £1 each
1 
1 
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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