Company Registration No. 7293857 (England and Wales)
Isle of Wight Locums Ltd
Unaudited accounts
for the year ended 31 March 2025
Isle of Wight Locums Ltd
Unaudited accounts
Contents
Isle of Wight Locums Ltd
Company Information
for the year ended 31 March 2025
Directors
Dr Nikolay Tomov
Mrs Milka Tomova
Secretary
Mrs Milka Tomova
Company Number
7293857 (England and Wales)
Registered Office
10 Ashley Road
Ryde
Isle of White
PO33 2UN
Accountants
Prody Books Ltd
The Old Library
St Faith's Street
Maidstone
Kent
ME14 1LH
Isle of Wight Locums Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
7,191
6,287
Cash at bank and in hand
22,587
14,399
Creditors: amounts falling due within one year
(24,997)
(11,466)
Net current assets
3,440
8,783
Called up share capital
100
100
Profit and loss account
10,531
14,970
Shareholders' funds
10,631
15,070
For the year ending 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2025 and were signed on its behalf by
Dr Nikolay Tomov
Director
Company Registration No. 7293857
Isle of Wight Locums Ltd
Notes to the Accounts
for the year ended 31 March 2025
Isle of Wight Locums Ltd is a private company, limited by shares, registered in England and Wales, registration number 7293857. The registered office is 10 Ashley Road, Ryde, Isle of White, PO33 2UN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25 % reducing balance
Basic financial instruments are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method, unless the arrangements constitutes a financing transaction, where the transaction is measured at fair value.
Financial instruments classified as receivable/payable within one year are not amortised.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Isle of Wight Locums Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
428
8,441
8,869
Disposals
-
(2,812)
(2,812)
At 31 March 2025
562
9,105
9,667
At 1 April 2024
295
2,287
2,582
Charge for the year
42
1,649
1,691
On disposals
-
(1,797)
(1,797)
At 31 March 2025
337
2,139
2,476
At 31 March 2025
225
6,966
7,191
At 31 March 2024
133
6,154
6,287
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
23,329
19,802
Loans from directors
468
(9,286)
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
9,286
-
9,286
-
9
Transactions with related parties
Dividends totaling £84,000 ( 2024 - £65,000 ) were paid in the year in respect of shares held by the company's directors.
Isle of Wight Locums Ltd
Notes to the Accounts
for the year ended 31 March 2025
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).