IRIS Accounts Production v22.1.4.3 07628012 Board of Directors 1.6.21 31.5.22 31.5.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure076280122021-05-31076280122022-05-31076280122021-06-012022-05-31076280122020-05-31076280122020-06-012021-05-31076280122021-05-3107628012ns16:EnglandWales2021-06-012022-05-3107628012ns15:PoundSterling2021-06-012022-05-3107628012ns11:Director12021-06-012022-05-3107628012ns11:PrivateLimitedCompanyLtd2021-06-012022-05-3107628012ns11:SmallEntities2021-06-012022-05-3107628012ns11:AuditExempt-NoAccountantsReport2021-06-012022-05-3107628012ns11:SmallCompaniesRegimeForDirectorsReport2021-06-012022-05-3107628012ns11:SmallCompaniesRegimeForAccounts2021-06-012022-05-3107628012ns11:AbridgedAccounts2021-06-012022-05-3107628012ns11:Director22021-06-012022-05-3107628012ns11:CompanySecretary12021-06-012022-05-3107628012ns11:RegisteredOffice2021-06-012022-05-3107628012ns6:CurrentFinancialInstruments2022-05-3107628012ns6:CurrentFinancialInstruments2021-05-3107628012ns6:ShareCapital2022-05-3107628012ns6:ShareCapital2021-05-3107628012ns6:RetainedEarningsAccumulatedLosses2022-05-3107628012ns6:RetainedEarningsAccumulatedLosses2021-05-3107628012ns6:PlantMachinery2021-06-012022-05-31
REGISTERED NUMBER: 07628012 (England and Wales)











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: Prof N T Ratcliffe
Mrs H C Ratcliffe





SECRETARY: Mrs H C Ratcliffe





REGISTERED OFFICE: Bank House
Market Square
Congleton
Cheshire
CW12 1ET





REGISTERED NUMBER: 07628012 (England and Wales)





ACCOUNTANTS: Hammond McNulty LLP
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 4 810 1,385

CURRENT ASSETS
Debtors 1,667 1,667
Cash at bank 27,574 21,984
29,241 23,651
CREDITORS
Amounts falling due within one year 6,391 4,901
NET CURRENT ASSETS 22,850 18,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,660

20,135

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,658 20,133
SHAREHOLDERS' FUNDS 23,660 20,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st May 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 17th August 2022 and were signed on its behalf by:



Prof N T Ratcliffe - Director


Medolago Limited (Registered number: 07628012)

Notes to the Financial Statements
for the Year Ended 31st May 2022

1. STATUTORY INFORMATION

Medolago 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

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 2 (2021 - 2 ) .

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 3,576
Disposals (1,310 )
At 31st May 2022 2,266
DEPRECIATION
At 1st June 2021 2,191
Charge for year 398
Eliminated on disposal (1,133 )
At 31st May 2022 1,456
NET BOOK VALUE
At 31st May 2022 810
At 31st May 2021 1,385