GP Medical Ltd 12268406 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is General Medical Practice Activities Digita Accounts Production Advanced 6.30.9574.0 true 12268406 2023-11-01 2024-10-31 12268406 2024-10-31 12268406 core:CurrentFinancialInstruments 2024-10-31 12268406 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12268406 core:OfficeEquipment 2024-10-31 12268406 bus:SmallEntities 2023-11-01 2024-10-31 12268406 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12268406 bus:FilletedAccounts 2023-11-01 2024-10-31 12268406 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12268406 bus:RegisteredOffice 2023-11-01 2024-10-31 12268406 bus:Director1 2023-11-01 2024-10-31 12268406 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12268406 bus:Agent1 2023-11-01 2024-10-31 12268406 core:ComputerEquipment 2023-11-01 2024-10-31 12268406 core:OfficeEquipment 2023-11-01 2024-10-31 12268406 countries:England 2023-11-01 2024-10-31 12268406 2023-10-31 12268406 core:OfficeEquipment 2023-10-31 12268406 2022-11-01 2023-10-31 12268406 2023-10-31 12268406 core:CurrentFinancialInstruments 2023-10-31 12268406 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12268406 core:OfficeEquipment 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 12268406

GP Medical Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 October 2024

GP Medical Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 6

GP Medical Ltd

Company Information

Director | Miss Tajvinder Kaur Grewal

Registered office | Onyx House 12 Phoenix Business Park Avenue Close Birmingham West Midlands B7 4NU

Accountants | Onyx Accountants Limited Chartered Management AccountantsOnyx House 12 Phoenix Business Park Avenue Close Birmingham West Midlands B7 4NU

GP Medical Ltd

(Registration number: 12268406)
Abridged Balance Sheet as at 31 October 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 187 | 594
Current assets |  |  |
Debtors |  | 4,332 | -
Cash at bank and in hand |  | 61,056 | 50,369
|  | 65,388 | 50,369
Prepayments and accrued income |  | 769 | 676
Creditors: Amounts falling due within one year |  | (16,743) | (6,512)
Net current assets |  | 49,414 | 44,533
Total assets less current liabilities |  | 49,601 | 45,127
Provisions for liabilities |  | (36) | (113)
Net assets |  | 49,565 | 45,014
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 49,465 | 44,914
Shareholders' funds |  | 49,565 | 45,014

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 prepared and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 October 2025

GP Medical Ltd

(Registration number: 12268406)
Abridged Balance Sheet as at 31 October 2024

......................................... Miss Tajvinder Kaur Grewal Director

GP Medical Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1 | General information

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

The address of its registered office is:
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU
England

These financial statements were authorised for issue by the director on 3 October 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.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

GP Medical Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

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.

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:

Asset class | Depreciation method and rate
Computer equipment | 20% on straight line

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.

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.

GP Medical Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 November 2023 | 2,035 | 2,035
Disposals | (600) | (600)
At 31 October 2024 | 1,435 | 1,435
Depreciation
At 1 November 2023 | 1,441 | 1,441
Charge for the year | 287 | 287
Eliminated on disposal | (480) | (480)
At 31 October 2024 | 1,248 | 1,248
Carrying amount
At 31 October 2024 | 187 | 187
At 31 October 2023 | 594 | 594