Registered number
06536789
Oxfordmed Ltd
Filleted Accounts
31 March 2025
Oxfordmed Ltd
Registered number: 06536789
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 37 46
Current assets
Debtors 4 40,497 40,497
Cash at bank and in hand 2,127 2,142
42,624 42,639
Creditors: amounts falling due within one year 5 (108,605) (81,909)
Net current liabilities (65,981) (39,270)
Total assets less current liabilities (65,944) (39,224)
Creditors: amounts falling due after more than one year 6 (19,102) (28,974)
Provisions for liabilities (5) (6)
Net liabilities (85,051) (68,204)
Capital and reserves
Called up share capital 1 1
Profit and loss account (85,052) (68,205)
Shareholder's funds (85,051) (68,204)
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.
Dr Amjad Raja
Director
Approved by the board on 14 April 2025
Oxfordmed Ltd
Notes to the Accounts
for the year ended 31 March 2025
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. Turnover includes revenue earned from the rendering of medical consultancy services. Turnover from the rendering of medical consultancy 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 15% reducing balance
Fixtures and fittings 15% reducing balance
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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery Fixtures & fittings Total
£ £ £
Cost
At 1 April 2024 1,000 428 1,428
At 31 March 2025 1,000 428 1,428
Depreciation
At 1 April 2024 984 398 1,382
Charge for the year 4 5 9
At 31 March 2025 988 403 1,391
Net book value
At 31 March 2025 12 25 37
At 31 March 2024 16 30 47
4 Debtors 2025 2024
£ £
Other debtors 40,497 40,497
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 352 325
Accruals and deferred income 874 1,706
Director's account 104,019 74,208
Other taxes and social security costs - 3,150
Other creditors 3,360 2,520
108,605 81,909
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 19,102 28,974
7 Other information
Oxfordmed Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2B Greek Street
Stockport
Cheshire
SK3 8AB
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