Raj Medical Services Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07178821 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Raj Medical Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P Raj

Dr K Raj

Dr A Raj

SECRETARY:

Dr A Raj

REGISTERED OFFICE:

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

REGISTERED NUMBER:

07178821 (England and Wales)

ACCOUNTANTS:

Haines Watts

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Tangible assets

4

163

203

Investment property

5

159,663

154,897

159,826

155,100

CURRENT ASSETS

Debtors

6

34,119

39,558

Cash at bank

73,166

92,536

107,285

132,094

CREDITORS

Amounts falling due within one year

7

23,966

41,281

NET CURRENT ASSETS

83,319

90,813

TOTAL ASSETS LESS CURRENT LIABILITIES

243,145

245,913

CREDITORS

Amounts falling due after more than one year

8

22,440

31,816

NET ASSETS

220,705

214,097

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

220,505

213,897

SHAREHOLDERS' FUNDS

220,705

214,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 19 December 2023 and were signed on its behalf by:

Dr K Raj - Director

1.	STATUTORY INFORMATION

Raj Medical 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.

Plant and machinery etc

-

20% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2022

and 30 June 2023

619

DEPRECIATION

At 1 July 2022

416

Charge for year

40

At 30 June 2023

456

NET BOOK VALUE

At 30 June 2023

163

At 30 June 2022

203

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2022

154,897

Additions

4,766

At 30 June 2023

159,663

NET BOOK VALUE

At 30 June 2023

159,663

At 30 June 2022

154,897

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Other debtors

34,119

39,558

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans and overdrafts

9,733

10,089

Taxation and social security

11,690

29,294

Other creditors

2,543

1,898

23,966

41,281

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans

22,440

31,816

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.23

30.6.22

£

£

Bank loan

17,173

21,905

The Bank loan is secured against the assets of the Company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

100

Ordinary

£1

100

100

100

"B" Ordinary

£1

100

100

200

200

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23

30.6.22

£

£

Dr K Raj

Balance outstanding at start of year

39,558

(245

)

Amounts advanced

34,119

39,803

Amounts repaid

(39,558

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,119

39,558