| Registered Number:07407755 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
J S Locum Services Ltd
Contents Page
1 to 2
Statement of Financial Position
3 to 6
Notes to the Financial Statements
J S Locum Services Ltd
Statement of Financial Position
2024
2025
1,785,946
762,778
2
| Property, plant and equipment |
336,056
178,536
3
4,021,214
4,056,214
4
6,178,216
4,962,528
159,000
221,903
| Trade and other receivables |
828,613
910,302
5
158,013
| Cash and cash equivalents |
395,097
1,527,302
1,145,626
| Trade and other payables: amounts falling due within one |
| year |
(2,123,029)
(2,760,770)
6
(977,403)
(1,233,468)
Net current liabilities
| Total assets less current liabilities |
4,944,748
3,985,125
| Trade and other payables: amounts falling due after more |
| than one year |
(2,578,415)
(3,541,668)
7
(1,609)
(1,536)
| Provisions for liabilities |
1,401,471
Net assets
1,405,174
2
2
1,401,469
1,405,172
1,401,471
1,405,174
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
J S Locum Services Ltd
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 07 October 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
J S Locum Services Ltd
Notes to the Financial Statements
Statutory Information
| J S Locum Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 07407755. |
| Principal place of business: |
36a Avondale Avenue
Penshaw
Houghton le Spring
DH4 7QS
10 Grange Terrace
Sunderland
SR2 7DF
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and |
| the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| The financial statements have been prepared on a going concern basis as the directors believe that no material |
| uncertainties exist. The directors have considered the level of funds held and the expected level of income and |
| expenditure for 12 months from authorising these financial statements and have concluded that the company is |
| able to continue as a going concern. |
Intangible assets
| Goodwill represents the excess of the cost of aquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years. For the purpose of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Equipment
Motor Vehicles
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For the year ended 31 March 2025
J S Locum Services Ltd
Notes to the Financial Statements Continued
Government grants
| Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model. |
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
| Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease. |
Group Accounts
| The Company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to |
| prepare group accounts. |
| 2. Intangible fixed assets |
Goodwill
1,005,856
1,200,000
2,205,856
243,078
176,832
Charge for year
419,910
1,785,946
762,778
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For the year ended 31 March 2025
J S Locum Services Ltd
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
Motor Vehicles
293,894
144,998
59,351
89,545
204,882
-
20,330
184,552
274,097
79,681
144,998
498,776
| Provision for depreciation and impairment |
115,358
36,883
51,043
27,432
Charge for year
47,362
27,719
9,289
10,354
162,720
64,602
60,332
37,786
236,311
19,349
80,396
336,056
62,113
8,308
108,115
178,536
| 4. Investments held as fixed assets |
| Shares in group |
| and |
| participating |
| interests |
4,021,214
398,280
3,622,934
35,000
35,000
-
3,622,934
433,280
4,056,214
3,622,934
433,280
4,056,214
4,021,214
3,622,934
398,280
| Investments are recognised initially at fair value which is normally the transaction price excluding transaction |
| costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or |
| their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment. |
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For the year ended 31 March 2025
J S Locum Services Ltd
Notes to the Financial Statements Continued
| 5. Trade and other receivables |
2024
2025
544,078
408,814
366,224
419,799
828,613
910,302
| 6. Trade and other payables: amounts falling due within one year |
2024
2025
| Bank loans and overdraft (secured) |
553,383
445,910
10,500
10,700
679,622
468,246
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
1,395,724
1,065,724
| Taxation and social security |
76,009
65,909
| Obligations under HP/Financial leases |
21,816
21,816
23,716
44,724
2,760,770
2,123,029
| 7. Trade and other payables: amounts falling due after more than one year |
2024
2025
2,000
11,800
| Bank loans and overdraft (secured) |
3,494,372
2,505,961
59,722
45,296
| Obligations under HP/Financial leases |
-
932
3,541,668
2,578,415
| Analysis of creditors falling due after more than five years: |
1,644,688
722,320
| 8. Average number of persons employed |
During the year the average number of employees were 55 (2024 : 39)
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