Company Registration No. 06594415 (England and Wales)
Medialed Ltd
Unaudited accounts
for the year ended 31 May 2023
Medialed Ltd
Unaudited accounts
Contents
Medialed Ltd
Company Information
for the year ended 31 May 2023
Company Number
06594415 (England and Wales)
Registered Office
5 Stratford Place
Ground Floor
London
W1C 1AX
England
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Medialed Ltd
for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Medialed Ltd for the year ended
31 May 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Medialed Ltd, as a body, in accordance with the terms of our engagement letter dated 1 June 2021. Our work has been undertaken solely to prepare for your approval the accounts of Medialed Ltd and state those matters that we have agreed to state to the Board of Directors of Medialed Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Medialed Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Medialed Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Medialed Ltd. You consider that Medialed Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Medialed Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Certified Accountants
23 October 2023
Medialed Ltd
Statement of financial position
as at 31 May 2023
Called up share capital not paid
3,499,999
-
Cash at bank and in hand
6,477,033
1,837
Creditors: amounts falling due within one year
(15,450,322)
(210,158)
Net current liabilities
(101,731)
(200,924)
Net assets/(liabilities)
3,398,618
(198,255)
Called up share capital
3,500,000
1
Profit and loss account
(101,382)
(198,256)
Shareholders' funds
3,398,618
(198,255)
For the year ending 31 May 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 his 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 31 August 2023 and were signed on its behalf by
Maxim Skachko
Director
Company Registration No. 06594415
Medialed Ltd
Notes to the Accounts
for the year ended 31 May 2023
Medialed Ltd is a private company, limited by shares, registered in England and Wales, registration number 06594415. The registered office is 5 Stratford Place, Ground Floor, London, W1C 1AX, England.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
5,235
4,724
9,959
At 31 May 2023
5,235
4,724
9,959
At 1 June 2022
4,373
2,917
7,290
Charge for the year
862
1,807
2,669
At 31 May 2023
5,235
4,724
9,959
At 31 May 2022
862
1,807
2,669
Medialed Ltd
Notes to the Accounts
for the year ended 31 May 2023
5
Investments
Subsidiary undertakings
Valuation at 1 June 2022
-
Valuation at 31 May 2023
350
Investments in Subsidiaries comprise of 100% shareholding in DIMER Group s.r.o., an entity registered in Czech Republic.
Amounts falling due within one year
Amounts due from group undertakings etc.
60,309
-
Accrued income and prepayments
119,556
-
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
15,240,164
-
Loans from directors
208,658
208,658
Allotted, called up and fully paid:
500,000 Ordinary shares of £1 each
500,000
1
3,000,000 Preference Shares of £1 each
3,000,000
-
Shares issued during the period:
499,999 Ordinary shares of £1 each
499,999
3,000,000 Preference Shares of £1 each
3,000,000
9
Transactions with related parties
At the balance sheet date, the company was owed an amount of £60,309 (2022: £Nil) from DIMER Group s.r.o., a 100% owned subsidiary in Czech Republic
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).