Registered number
09158414
DRSV Medicals Limited
Report and Unaudited Accounts
31 August 2023
Accountancy 4 Wealth Limited
Chartered Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
DRSV Medicals Limited
Registered number: 09158414
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 60,210 71,551
Current assets
Debtors 4 201,153 259,080
Cash at bank and in hand 86,211 71,128
287,364 330,208
Creditors: amounts falling due within one year 5 (226,270) (208,905)
Net current assets 61,094 121,303
Total assets less current liabilities 121,304 192,854
Creditors: amounts falling due after more than one year 6 (26,448) (32,984)
Provisions for liabilities (8,505) (8,619)
Net assets 86,351 151,251
Capital and reserves
Called up share capital 1 1
Profit and loss account 86,350 151,250
Shareholders' funds 86,351 151,251
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sengodan Venkateswaran
Director
Approved by the board on 1 November 2023
DRSV Medicals Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Land and buildings NIL
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 122,930 44,168 167,098
At 31 August 2023 122,930 44,168 167,098
Depreciation
At 1 September 2022 76,221 19,326 95,547
Charge for the year 5,130 6,211 11,341
At 31 August 2023 81,351 25,537 106,888
Net book value
At 31 August 2023 41,579 18,631 60,210
At 31 August 2022 46,709 24,842 71,551
4 Debtors 2023 2022
£ £
Trade debtors 151,280 178,463
Amounts owed by group undertakings and undertakings in which the company has a participating interest 49,644 45,498
Other debtors 229 35,119
201,153 259,080
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 6,536 6,536
Trade creditors 24 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 131,116 -
Corporation tax 40,108 54,829
Other taxes and social security costs 44,380 45,027
Option to grant loan to director - 95,086
Other creditors 4,106 7,427
226,270 208,905
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 26,448 32,984
7 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
8 Controlling party
The company is controlled by DRSV Limited, a company under the control of the director.
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