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Registered Number: 07936125
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 28 February 2023

for

MEDIK LIMITED

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 363,125  365,787 
Current assets 53,700  20,614 
Creditors: amount falling due within one year (179,162) (168,560)
Net current assets (125,462) (147,946)
Total assets less current liabilities 237,663  217,841 
Net assets 237,663  217,841 
 
Capital and reserves 237,663  217,841 
 
  1. For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Tzvetan Petkov Tzvetkov
Director

Date approved: 05 November 2023
1
Statutory Information
MEDIK LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 07936125, registration address 16 Golf Close, Nottingham, NG6 8YZ, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery18 % Reducing Balance
Fixtures and Fittings18 % Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Freehold property   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 March 2022 367,907    21,823      389,730 
Additions     2,278    2,278 
Disposals      
At 28 February 2023 367,907    21,823    2,278    392,008 
Depreciation
At 01 March 2022 7,250    16,693      23,943 
Charge for year 3,607    923    410    4,940 
On disposals      
At 28 February 2023 10,857    17,616    410    28,883 
Net book values
Closing balance as at 28 February 2023 357,050    4,207    1,868    363,125 
Opening balance as at 01 March 2022 360,657    5,130      365,787 

3.

Average number of employees

Average number of employees during the year was 1  (2022: 1).
2