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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
Page
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QX Medical Limited Company Information for the year ended 31 March 2023
Director
Dr Qian Xu
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
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QX Medical Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
743 
937 
Current assets
Debtors
8,489 
34,484 
Cash at bank and in hand
1,101 
2,455 
9,590 
36,939 
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)
Capital and reserves
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
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QX Medical Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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 recognition
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 
£ 
Cost or valuation
At cost 
At 1 April 2022
2,438 
At 31 March 2023
2,438 
Depreciation
At 1 April 2022
1,501 
Charge for the year
194 
At 31 March 2023
1,695 
Net book value
At 31 March 2023
743 
At 31 March 2022
937 
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QX Medical Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,025 
- 
Other debtors
1,464 
34,484 
8,489 
34,484 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,657 
4,393 
Trade creditors
- 
285 
Taxes and social security
1,654 
- 
Other creditors
922 
10,655 
Loans from directors
1,906 
5,985 
6,139 
21,318 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,845 
13,616 
Other creditors
- 
15,500 
5,845 
29,116 
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).
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