Guildfordrheumatology Limited - Filleted accounts

Registered number

08452606

Guildfordrheumatology Limited

Unaudited Filleted Accounts

31 March 2025

Guildfordrheumatology Limited
Registered number:		08452606
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		42,316			54,024

Current assets
Debtors	4	15,927			17,184
Cash at bank and in hand		207,396			132,750
		223,323			149,934

Creditors: amounts falling due within one year	5	(29,925)			1,612

Net current assets			193,398			151,546

Total assets less current liabilities			235,714			205,570


Provisions for liabilities			(401)			(401)


Net assets			235,313			205,169

Capital and reserves
Called up share capital			2,000			2,000
Profit and loss account			233,313			203,169

Shareholders' funds			235,313			205,169

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Charles Li
Director
Approved by the board on 11 December 2025

Guildfordrheumatology Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	11,552		85,493		97,045
	Additions	2,397		-		2,397
	At 31 March 2025	13,949		85,493		99,442

	Depreciation
	At 1 April 2024	9,387		33,634		43,021
	Charge for the year	1,140		12,965		14,105
	At 31 March 2025	10,527		46,599		57,126

	Net book value
	At 31 March 2025	3,422		38,894		42,316
	At 31 March 2024	2,165		51,859		54,024


4	Debtors			2025		2024
£					£

	Trade debtors			10,739		13,418
	Other debtors			5,188		3,766
				15,927		17,184


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			3,033		17
	Taxation and social security costs			10,573		15,963
	Other creditors			16,319		(17,592)
				29,925		(1,612)


6	Other information

	Guildfordrheumatology Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 57-58 Capital Business Centre
	22 Carlton Road
	South Croydon
	CR2 0BS