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REGISTERED NUMBER: 08366219 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2022

FOR

MEDWAY MEDICAL LIMITED

MEDWAY MEDICAL LIMITED (REGISTERED NUMBER: 08366219)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEDWAY MEDICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2022







DIRECTOR: S Sarwar





REGISTERED OFFICE: Technology Centre
Bridge Street
Church
Lancashire
BB5 4HU





REGISTERED NUMBER: 08366219 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

MEDWAY MEDICAL LIMITED (REGISTERED NUMBER: 08366219)

BALANCE SHEET
31ST OCTOBER 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 261 307

CURRENT ASSETS
Debtors 5 57,207 37,413
Cash at bank 33,127 46,176
90,334 83,589
CREDITORS
Amounts falling due within one year 6 35,714 41,804
NET CURRENT ASSETS 54,620 41,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,881

42,092

CREDITORS
Amounts falling due after more than one
year

7

40,919

35,833
NET ASSETS 13,962 6,259

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 8,962 1,259
SHAREHOLDERS' FUNDS 13,962 6,259

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MEDWAY MEDICAL LIMITED (REGISTERED NUMBER: 08366219)

BALANCE SHEET - continued
31ST OCTOBER 2022


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th October 2023 and were signed by:





S Sarwar - Director


MEDWAY MEDICAL LIMITED (REGISTERED NUMBER: 08366219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2022


1. STATUTORY INFORMATION

Medway Medical 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

MEDWAY MEDICAL LIMITED (REGISTERED NUMBER: 08366219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2022


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st November 2021
and 31st October 2022 500 10,250 10,750
DEPRECIATION
At 1st November 2021 193 10,250 10,443
Charge for year 46 - 46
At 31st October 2022 239 10,250 10,489
NET BOOK VALUE
At 31st October 2022 261 - 261
At 31st October 2021 307 - 307

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors - 1,080
Amounts owed by group undertakings 26,350 26,350
Other debtors 30,857 9,983
57,207 37,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 4,225 2,508
Taxation and social security 3,300 1,600
Other creditors 28,189 27,696
35,714 41,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans 40,919 35,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 3,410 -