Company Registration No. 08021633 (England and Wales)
QX Medical Limited
Unaudited accounts
for the year ended 31 March 2023
QX Medical Limited
Unaudited accounts
Contents
QX Medical Limited
Company Information
for the year ended 31 March 2023
Company Number
08021633 (England and Wales)
Registered Office
63 Clensham Lane
Sutton
SM1 2ND
United Kingdom
Accountants
Yukimi Rabnott FCPFA for and on behalf of
On The Spot
Trading Name of Carson Rabnott Limited
EC2Y 8BY
QX Medical Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
1,101
2,455
Creditors: amounts falling due within one year
(6,139)
(21,318)
Net current assets
3,451
15,621
Total assets less current liabilities
4,194
16,558
Creditors: amounts falling due after more than one year
(5,845)
(29,116)
Net liabilities
(1,651)
(12,558)
Called up share capital
1
1
Profit and loss account
(1,652)
(12,559)
Shareholders' funds
(1,651)
(12,558)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2023 and were signed on its behalf by
Dr Qian Xu
Director
Company Registration No. 08021633
QX Medical Limited
Notes to the Accounts
for the year ended 31 March 2023
QX Medical Limited is a private company, limited by shares, registered in England and Wales, registration number 08021633. The registered office is 63 Clensham Lane, Sutton, SM1 2ND, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
three years
4
Tangible fixed assets
Plant & machinery
QX Medical Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Other debtors
1,464
34,484
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,657
4,393
Taxes and social security
1,654
-
Other creditors
922
10,655
Loans from directors
1,906
5,985
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
There were no material transactions with directors and shareholders that were not conducted under normal market conditions. The amounts owed to the directors are included within creditors. The amounts owed by the company's sister company, Skin Aesthetics Ltd, are secured under cross guarantees between the two companies and are shown within debtors. These balances are payable on demand and no interest is charged.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).