Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28provision of remote medical advice2022-03-01false44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12481025 2022-03-01 2023-02-28 12481025 2021-03-01 2022-02-28 12481025 2023-02-28 12481025 2022-02-28 12481025 c:Director1 2022-03-01 2023-02-28 12481025 d:OfficeEquipment 2022-03-01 2023-02-28 12481025 d:OfficeEquipment 2023-02-28 12481025 d:OfficeEquipment 2022-02-28 12481025 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 12481025 d:CurrentFinancialInstruments 2023-02-28 12481025 d:CurrentFinancialInstruments 2022-02-28 12481025 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12481025 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 12481025 d:ShareCapital 2023-02-28 12481025 d:ShareCapital 2022-02-28 12481025 d:RetainedEarningsAccumulatedLosses 2023-02-28 12481025 d:RetainedEarningsAccumulatedLosses 2022-02-28 12481025 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 12481025 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-02-28 12481025 c:FRS102 2022-03-01 2023-02-28 12481025 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 12481025 c:FullAccounts 2022-03-01 2023-02-28 12481025 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12481025 2 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 12481025









MILLOSIE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
MILLOSIE LIMITED
REGISTERED NUMBER: 12481025

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
90

  
-
90

Current assets
  

Debtors: amounts falling due within one year
 5 
6,546
5,791

Cash at bank and in hand
 6 
9,857
7,692

  
16,403
13,483

Creditors: amounts falling due within one year
 7 
(2,916)
(2,149)

Net current assets
  
 
 
13,487
 
 
11,334

Total assets less current liabilities
  
13,487
11,424

  

Net assets
  
13,487
11,424


Capital and reserves
  

Called up share capital 
  
40
10

Profit and loss account
  
13,447
11,414

  
13,487
11,424


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 October 2023.



Page 1

 
MILLOSIE LIMITED
REGISTERED NUMBER: 12481025
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023


Dr. M. Negus
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MILLOSIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

The entity is a private company, limited by shares, incorporated in England & Wales. The registered office is located at 29 Egdon Drive, Wimborne, Dorset, BH21 1TY. The principal activity during the period was the remote provision of specialist medical services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Given the nature of the company's principal activity, the trade has been largely unaffected by the coronavirus pandemic. The director considers the company will be a going concern for the foreseeable future. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MILLOSIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight-line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
MILLOSIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 March 2022
270



At 28 February 2023

270



Depreciation


At 1 March 2022
180


Charge for the year on owned assets
90



At 28 February 2023

270



Net book value



At 28 February 2023
-



At 28 February 2022
90

Page 5

 
MILLOSIE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
900
928

Other debtors
5,646
4,863

6,546
5,791



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,857
7,692

9,857
7,692



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
2,375
1,608

Accruals and deferred income
541
541

2,916
2,149



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
9,857
7,692




Financial assets measured at fair value through profit or loss comprise cash at bank.


9.


Controlling party

At year end there was no one individual who controlled the company.

 
Page 6