JGS Medical Limited - Filleted accounts

Registered number

07927807

JGS Medical Limited

Filleted Accounts

31 January 2026

JGS Medical Limited
Registered number:		07927807
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		-			40
Investments	4		87,535			87,535
			87,535			87,575

Current assets
Debtors	5	12,000			12,000
Cash at bank and in hand		7,250			8,325
		19,250			20,325

Creditors: amounts falling due within one year	6	(14,713)			(13,653)

Net current assets			4,537			6,672

Net assets			92,072			94,247

Capital and reserves
Called up share capital			100			100
Profit and loss account			91,972			94,147

Shareholder's funds			92,072			94,247

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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.




Dr J Ganeshalingam
Director
Approved by the board on 23 October 2026

JGS Medical Limited
Notes to the Accounts
for the year ended 31 January 2026


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:

	Office equipment	over 4 years

	Investment properties
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

	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.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		0


3	Tangible fixed assets
					Office equipment
£
	Cost
	At 1 February 2025				1,680
	Disposals				(1,680)
	At 31 January 2026				-

	Depreciation
	At 1 February 2025				1,640
	On disposals				(1,640)
	At 31 January 2026				-

	Net book value
	At 31 January 2026				-
	At 31 January 2025				40


4	Investments

Investment
property
£
	Cost
	At 1 February 2025				87,535

	At 31 January 2026				87,535

	The fair value adjustment of the investment property has been carried out by the director. The director having suitable knowledge and qualification considered the above valution to be a fair reflection of the value of the investment property as at 31 January 2026.

5	Debtors		2026		2025
£				£

	Other debtors		12,000		12,000


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		180		-
	Other creditors		14,533		13,653
			14,713		13,653


7	Other information

	JGS Medical Limited is a private company limited by shares and incorporated in England. Its registered office is:
	311 Regents Park Road
	London
	N3 1DP