REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st May 2022 |
for |
Medolago Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st May 2022 |
for |
Medolago Limited |
Medolago Limited (Registered number: 07628012) |
Contents of the Financial Statements |
for the Year Ended 31st May 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Medolago Limited |
Company Information |
for the Year Ended 31st May 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bank House |
Market Square |
Congleton |
Cheshire |
CW12 1ET |
Medolago Limited (Registered number: 07628012) |
Abridged Balance Sheet |
31st May 2022 |
31/5/22 | 31/5/21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Medolago Limited (Registered number: 07628012) |
Notes to the Financial Statements |
for the Year Ended 31st May 2022 |
1. | STATUTORY INFORMATION |
Medolago Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. |
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them. |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
Financial instruments |
The following assets and liabilities are classified as financial instruments - directors loans. |
Directors loans (being repayable on demand), are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and Retained Earnings. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Medolago Limited (Registered number: 07628012) |
Notes to the Financial Statements - continued |
for the Year Ended 31st May 2022 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st June 2021 |
Disposals | ( |
) |
At 31st May 2022 |
DEPRECIATION |
At 1st June 2021 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st May 2022 |
NET BOOK VALUE |
At 31st May 2022 |
At 31st May 2021 |