LONDON MEDICAL ASSOCIATES LIMITED


Directors	ALI, Mohammed Akber, Dr
	BOVILL, Elizabeth Sara
	BUTLER, Fiona Ogilvie, Dr
	DHANJAL, Parminder Kaur, Dr
	JAYARAM, Nandana, Dr
	KATZ, Naomi Esther, Dr
	MCCARTHY, Deborah
	YOUNG, Warwick


Registered Address	Ramsay Brown Llp The Brentano Suite
	Solar House, 915 High Road
	North Finchley
	N12 8QJ


Registered Number	06766287 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		22,894		28,733
			22,894		28,733
Current assets
Debtors	5	3,772,173		2,194,356
Cash at bank and on hand		1,483,862		1,732,866
		5,256,035		3,927,222
Creditors amounts falling due within one year	6	(4,070,441)		(2,859,106)
Net current assets (liabilities)			1,185,594		1,068,116
Total assets less current liabilities			1,208,488		1,096,849
Net assets			1,208,488		1,096,849
Capital and reserves
Called up share capital			231,762		231,762
Share premium			(49,041)		(49,041)
Profit and loss account			1,025,767		914,128
Shareholders' funds			1,208,488		1,096,849

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2025, and are signed on its behalf by:

BUTLER, Fiona Ogilvie, Dr
Director
Registered Company No. 06766287

LONDON MEDICAL ASSOCIATES LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	4

2.	Average number of employees


		2024		2023
	Average number of employees during the year	118		110

3.	Prior period adjustment
	A prior year adjustment and a restatement of comparatives figures have been made to correct the classification of an advance payment for share buyback from shareholders. The effect on the financial statements for the year ended 31 December 2023 are as follows: Balance sheet: Other debtors increased by £169,410 Share capital increased by £3,900 Other reserves decreased by £163,800 Retained earnings increased by £1,710 Profit and loss: External consultant decreased by £675 Stamp duty decreased by £1,035 Net profit increased by £1,710 The net effect of the above comparative adjustment has increased retained earnings and corporation tax liability by £1,710 and £159 respectively.

Prior period adjustment

A prior year adjustment and a restatement of comparatives figures have been made to correct the classification of an advance payment for share buyback from shareholders. The effect on the financial statements for the year ended 31 December 2023 are as follows:

Balance sheet:
Other debtors increased by £169,410
Share capital increased by £3,900
Other reserves decreased by £163,800
Retained earnings increased by £1,710

Profit and loss:
External consultant decreased by £675
Stamp duty decreased by £1,035
Net profit increased by £1,710

The net effect of the above comparative adjustment has increased retained earnings and corporation tax liability by £1,710 and £159 respectively.

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	58,229
	Additions	9,969
	At 31 December 24	68,198
	Depreciation and impairment
	At 01 January 24	29,495
	Charge for year	15,809
	At 31 December 24	45,304
	Net book value
	At 31 December 24	22,894
	At 31 December 23	28,733

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	2,153,247	1,573,834
Other debtors	321,105	213,910
Called up share capital not paid, current asset	10,654	10,654
Prepayments and accrued income	1,287,167	395,958
Total	3,772,173	2,194,356

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	836,342	741,528
Taxation and social security	36,513	60,961
Other creditors	1,619,510	637,376
Accrued liabilities and deferred income	1,578,076	1,419,241
Total	4,070,441	2,859,106