Registered number
11335141
South Gloucestershire Medical Services Ltd
Filleted Accounts
31 March 2025
Adams Root Ltd t/a Adams Root & Associates
Chartered Certified Accountants
Bristol
South Gloucestershire Medical Services Ltd
Registered number: 11335141
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 33,232 49,848
Current assets
Debtors 4 401,867 391,425
Cash at bank and in hand 701,209 148,569
1,103,076 539,994
Creditors: amounts falling due within one year 5 (413,040) (205,132)
Net current assets 690,036 334,862
Net assets 723,268 384,710
Capital and reserves
Called up share capital 10 10
Capital redemption reserve fund 2 2
Profit and loss account 723,256 384,698
Shareholders' funds 723,268 384,710
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 S K Davies
Director
Approved by the board on 30 June 2025
South Gloucestershire Medical Services 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). The accounts are stated in sterling the functional currency of the entity.
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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2024 66,464
At 31 March 2025 66,464
Depreciation
At 1 April 2024 16,616
Charge for the year 16,616
At 31 March 2025 33,232
Net book value
At 31 March 2025 33,232
At 31 March 2024 49,848
4 Debtors 2025 2024
£ £
Trade debtors 351,613 363,137
Amounts owed by group undertakings and undertakings in which the company has a participating interest 50,000 -
Other debtors 254 28,288
401,867 391,425
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 221,571 99,832
Other creditors 191,469 105,300
413,040 205,132
6 Other information
South Gloucestershire Medical Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Church Lane
Coalpit Heath
Bristol
BS36 2SR
South Gloucestershire Medical Services Ltd 11335141 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Dr S K Davies No description of principal activity 11335141 2023-04-01 2024-03-31 11335141 core:WithinOneYear 2024-03-31 11335141 core:ShareCapital 2024-03-31 11335141 core:SharePremium 2024-03-31 11335141 core:RetainedEarningsAccumulatedLosses 2024-03-31 11335141 2024-04-01 2025-03-31 11335141 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11335141 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11335141 bus:Director40 2024-04-01 2025-03-31 11335141 1 2024-04-01 2025-03-31 11335141 2 2024-04-01 2025-03-31 11335141 core:Vehicles 2024-04-01 2025-03-31 11335141 countries:England 2024-04-01 2025-03-31 11335141 bus:FRS102 2024-04-01 2025-03-31 11335141 bus:FilletedAccounts 2024-04-01 2025-03-31 11335141 2025-03-31 11335141 core:WithinOneYear 2025-03-31 11335141 core:ShareCapital 2025-03-31 11335141 core:SharePremium 2025-03-31 11335141 core:RetainedEarningsAccumulatedLosses 2025-03-31 11335141 core:Vehicles 2025-03-31 11335141 2024-03-31 11335141 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure