Registered number
13153851
GHCLINIC LTD
Filleted Accounts
31 January 2025
GHCLINIC LTD
Registered number: 13153851
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 1,128,158 1,128,158
Tangible assets 4 672,832 731,287
1,800,990 1,859,445
Current assets
Debtors 5 239,484 96,266
Cash at bank and in hand 58,655 129,430
298,139 225,696
Creditors: amounts falling due within one year 6 (464,894) (431,419)
Net current liabilities (166,755) (205,723)
Total assets less current liabilities 1,634,235 1,653,722
Creditors: amounts falling due after more than one year 7 (1,417,871) (1,445,370)
Provisions for liabilities (48,245) (182,822)
Net assets 168,119 25,530
Capital and reserves
Called up share capital 2 2
Profit and loss account 168,117 25,528
Shareholder's funds 168,119 25,530
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Satvir Singh Atkar
Director
Approved by the board on 2 June 2025
GHCLINIC LTD
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
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 20% RB
Freehold buildings 2% on costs
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 9 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 1,128,158
At 31 January 2025 1,128,158
Amortisation
At 31 January 2025 -
Net book value
At 31 January 2025 1,128,158
At 31 January 2024 1,128,158
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2024 510,481 425,582 936,063
At 31 January 2025 510,481 425,582 936,063
Depreciation
At 1 February 2024 20,420 184,356 204,776
Charge for the year 10,210 48,245 58,455
At 31 January 2025 30,630 232,601 263,231
Net book value
At 31 January 2025 479,851 192,981 672,832
At 31 January 2024 490,061 241,226 731,287
5 Debtors 2025 2024
£ £
Trade debtors 38,289 45,117
Other debtors 201,195 51,149
239,484 96,266
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 87,157 88,514
Taxation and social security costs 24,264 2,218
Other creditors 353,473 340,687
464,894 431,419
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 631,613 659,112
Other creditors 786,258 786,258
1,417,871 1,445,370
8 Other information
GHCLINIC LTD is a private company limited by shares and incorporated in England. Its registered office is:
17 Plumbers Row, Unit 4 C/O Kaiser Nouman Nathan LLP, London, England, E1 1EQ
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