Locum Options Ltd
Registered number: 11646175
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Current assets
Cash at bank and in hand 36,241 14,480
Creditors: amounts falling due within one year 4 (21,651) 2,731
Net current assets 14,590 17,211
Total assets less current liabilities 14,590 17,211
Creditors: amounts falling due after more than one year 7 (14,384) (17,204)
Net assets 206 7
Capital and reserves
Called up share capital 1 1
Profit and loss account 205 6
Shareholder's funds 206 7
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.
Thomas Parsons
Director
Approved by the board on 30 June 2025
Locum Options 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.
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 over 5 years
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant & machinery
£
Cost
At 1 April 2024 1,357
At 31 March 2025 1,357
Depreciation
At 1 April 2024 1,357
At 31 March 2025 1,357
Net book value
At 31 March 2025 -
4 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 9,416 5,370
Accruals 1,095 800
Director's account 11,140 (8,901)
21,651 (2,731)
5 Profit and loss account 2025
£
At 1 April 2024 6
Profit for the year 40,199
Dividends (40,000)
At 31 March 2025 205
6 Dividends 2025
£
Dividends for which the company became liable during the year:
Dividends paid 40,000
40,000
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans (2,820) -
Other Loans 17,204 17,204
14,384 17,204
8 Related party transactions
Included within the creditors at the year end is £11,140 (2024: (£8,901)) owed to Thomas Parsons, the company director. During the period the company paid £40,399 of expenses on behalf of the director and the director introduced £60,440.
9 Controlling party
The ultimate controlling party is the director and sole shareholder Thomas Parsons.
10 Other information
Locum Options Ltd is a private company limited by shares and incorporated in England. Its registered office is:
83 Highfield South
Birkenhead
Merseyside
CH42 4ND
Locum Options Ltd 11646175 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Thomas Parsons No description of principal activity 11646175 2023-04-01 2024-03-31 11646175 core:WithinOneYear 2024-03-31 11646175 core:AfterOneYear 2024-03-31 11646175 core:ShareCapital 2024-03-31 11646175 core:RetainedEarningsAccumulatedLosses 2024-03-31 11646175 2024-04-01 2025-03-31 11646175 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11646175 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11646175 bus:Director40 2024-04-01 2025-03-31 11646175 2 2024-04-01 2025-03-31 11646175 countries:England 2024-04-01 2025-03-31 11646175 bus:FRS102 2024-04-01 2025-03-31 11646175 bus:FilletedAccounts 2024-04-01 2025-03-31 11646175 2025-03-31 11646175 core:WithinOneYear 2025-03-31 11646175 core:AfterOneYear 2025-03-31 11646175 core:ShareCapital 2025-03-31 11646175 core:RetainedEarningsAccumulatedLosses 2025-03-31 11646175 core:PlantMachinery 2025-03-31 11646175 2024-03-31 11646175 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure