Dr Memon Dermatology Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05024705 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Dr Memon Dermatology Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A A Memon

J Memon

SECRETARY:

J Memon

REGISTERED OFFICE:

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

REGISTERED NUMBER:

05024705 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

4

85,063

111,576

CURRENT ASSETS

Debtors

5

33,484

46,981

Cash at bank and in hand

1,621,960

1,403,217

1,655,444

1,450,198

CREDITORS

Amounts falling due within one year

6

132,435

179,226

NET CURRENT ASSETS

1,523,009

1,270,972

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,608,072

1,382,548

PROVISIONS FOR LIABILITIES

7

10,000

14,125

NET ASSETS

1,598,072

1,368,423

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

1,597,972

1,368,323

SHAREHOLDERS' FUNDS

1,598,072

1,368,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2025 and were signed on its behalf by:

A A Memon - Director

1.	STATUTORY INFORMATION

Dr Memon Dermatology Services 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.

Motor vehicles

-

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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

126,686

6,416

133,102

Additions

-

2,473

Disposals

-

(1,799

)

(1,799

)

At 31 March 2025

126,686

7,090

133,776

DEPRECIATION

At 1 April 2024

18,347

3,179

21,526

Charge for year

27,085

1,498

28,583

Eliminated on disposal

-

(1,396

)

(1,396

)

At 31 March 2025

45,432

3,281

48,713

NET BOOK VALUE

At 31 March 2025

81,254

3,809

85,063

At 31 March 2024

108,339

3,237

111,576

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

26,783

45,643

Bad debt provision

(3,611

)

(1,372

)

Directors' current accounts

7,338

-

Prepayments

2,974

2,710

33,484

46,981

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Corporation tax

121,712

123,683

Social security and other taxes

1,783

628

Directors' current accounts

-

47,925

Accrued expenses

8,940

6,990

132,435

179,226

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

10,000

14,125

Deferred

tax

£

Balance at 1 April 2024

14,125

Credit to Statement of Income and Retained Earnings during
year

(4,125

)

Balance at 31 March 2025

10,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

80

A Ordinary

£1

80

20

B Ordinary

£1

20

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

A A Memon and J Memon

Balance outstanding at start of year

-

Amounts advanced

7,338

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

7,338

-

The loan was repaid on 6 April 2025

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A A Memon.