Gastroenterology Clinic (Wales) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05868178 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2024

for

GASTROENTEROLOGY CLINIC (WALES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Dr N Balaratnam

SECRETARY:

Dr JM Abraham

REGISTERED OFFICE:

Fairway House

Links Business Park

St.Mellons

Cardiff

South Glamorgan

CF3 0LT

REGISTERED NUMBER:

05868178 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Tangible assets

4

11,060

13,053

Investments

5

18,000

29,060

31,053

CURRENT ASSETS

Debtors

6

28,316

33,633

Cash at bank

288,596

192,883

316,912

226,516

CREDITORS

Amounts falling due within one year

7

(53,711

)

(29,438

)

NET CURRENT ASSETS

263,201

197,078

TOTAL ASSETS LESS CURRENT
LIABILITIES

292,261

228,131

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

9

292,260

228,130

SHAREHOLDERS' FUNDS

292,261

228,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2025 and were signed by:

Dr N Balaratnam - Director

1.	STATUTORY INFORMATION

Gastroenterology Clinic (Wales) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 August 2023

35,632

24,302

59,934

Additions

945

1,710

2,655

At 31 July 2024

36,577

26,012

62,589

DEPRECIATION

At 1 August 2023

29,893

16,988

46,881

Charge for year

1,671

2,977

4,648

At 31 July 2024

31,564

19,965

51,529

NET BOOK VALUE

At 31 July 2024

5,013

6,047

11,060

At 31 July 2023

5,739

7,314

13,053

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2023

and 31 July 2024

18,000

NET BOOK VALUE

At 31 July 2024

18,000

At 31 July 2023

18,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

5,329

11,616

Other debtors

20,000

Prepayments

2,987

2,017

28,316

33,633

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

3,947

6,129

Tax

32,980

14,606

Social security and other taxes

12,747

-

Directors' current accounts

276

1,839

Accrued expenses

3,761

6,864

53,711

29,438

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1

Ordinary

£1

1

9.

RESERVES

Retained

earnings

£

At 1 August 2023

228,130

Profit for the year

103,630

Dividends

(39,500

)

At 31 July 2024

292,260

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors loan account at 31st July 2024 £276 (2023 £1,839) is interest free and payable upon demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr N Balaratnam.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gastroenterology Clinic (Wales) Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Gastroenterology Clinic (Wales) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gastroenterology Clinic (Wales) Limited and state those matters that we have agreed to state to the director of Gastroenterology Clinic (Wales) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gastroenterology Clinic (Wales) Limited and its director for our work or for this report.

It is your duty to ensure that Gastroenterology Clinic (Wales) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gastroenterology Clinic (Wales) Limited. You consider that Gastroenterology Clinic (Wales) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gastroenterology Clinic (Wales) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

10 September 2025