Gosforth Jesmond Health 14105674 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is General medical practice activities and other human health activities Digita Accounts Production Advanced 6.30.9574.0 true true 14105674 2024-04-01 2025-03-31 14105674 2025-03-31 14105674 core:CurrentFinancialInstruments 2025-03-31 14105674 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 14105674 core:FurnitureFittingsToolsEquipment 2025-03-31 14105674 core:OtherPropertyPlantEquipment 2025-03-31 14105674 bus:SmallEntities 2024-04-01 2025-03-31 14105674 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14105674 bus:FilletedAccounts 2024-04-01 2025-03-31 14105674 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14105674 bus:RegisteredOffice 2024-04-01 2025-03-31 14105674 bus:Director1 2024-04-01 2025-03-31 14105674 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14105674 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 14105674 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 14105674 countries:England 2024-04-01 2025-03-31 14105674 2024-03-31 14105674 core:FurnitureFittingsToolsEquipment 2024-03-31 14105674 core:OtherPropertyPlantEquipment 2024-03-31 14105674 2023-06-01 2024-03-31 14105674 2024-03-31 14105674 core:CurrentFinancialInstruments 2024-03-31 14105674 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14105674 core:FurnitureFittingsToolsEquipment 2024-03-31 14105674 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14105674

Gosforth Jesmond Health

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

Gosforth Jesmond Health

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Gosforth Jesmond Health

(Registration number: 14105674)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

20,257

19,160

Current assets

 

Debtors

419,175

549,598

Cash at bank and in hand

 

302,784

283,548

 

721,959

833,146

Prepayments and accrued income

 

6,467

19,434

Creditors: Amounts falling due within one year

(396,083)

(578,562)

Net current assets

 

332,343

274,018

Net assets

 

352,600

293,178

Capital and reserves

 

Retained earnings

352,600

293,178

Shareholders' funds

 

352,600

293,178

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 August 2025 and signed on its behalf by:
 

 

Gosforth Jesmond Health

(Registration number: 14105674)
Abridged Balance Sheet as at 31 March 2025

.........................................
Miss Victoria Louise Watson
Director

 

Gosforth Jesmond Health

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
17 Osborne Road
Newcastle Upon Tyne
NE2 2AH

These financial statements were authorised for issue by the Board on 13 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Gosforth Jesmond Health

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Gosforth Jesmond Health

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If
contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

 

Gosforth Jesmond Health

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

20,072

2,046

22,118

Additions

7,745

-

7,745

At 31 March 2025

27,817

2,046

29,863

Depreciation

At 1 April 2024

2,787

171

2,958

Charge for the year

6,137

511

6,648

At 31 March 2025

8,924

682

9,606

Carrying amount

At 31 March 2025

18,893

1,364

20,257

At 31 March 2024

17,285

1,875

19,160

5

Debtors

Current

2025
£

2024
£

Trade debtors

365,234

512,395

Prepayments

6,467

19,434

Other debtors

53,941

37,203

 

425,642

569,032

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

34,510

151,164

Other creditors

361,573

427,398

396,083

578,562