Registered number
09041689
Ntcmed Ltd
Unaudited Filleted Accounts
5 April 2023
Ntcmed Ltd
Registered number: 09041689
Balance Sheet
as at 5 April 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 9,220 7,940
Cash at bank and in hand 376 4,493
9,596 12,433
Creditors: amounts falling due within one year 4 (9,494) (11,118)
Net current assets 102 1,315
Net assets 102 1,315
Capital and reserves
Called up share capital 100 100
Profit and loss account 2 1,215
Shareholders' funds 102 1,315
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.
G. Chirimuuta
Director
Approved by the board on 3 November 2023
Ntcmed Ltd
Notes to the Accounts
for the year ended 5 April 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets, other than loans to the directors, are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Trade debtors 500 -
Other debtors 8,720 7,940
9,220 7,940
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 9,494 11,118
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr and Mrs G and N Chirimuuta
Overdrawn director's loan account, interest free and repayable on demand 6,440 8,720 (6,440) 8,720
6,440 8,720 (6,440) 8,720
6 Controlling party
The company is owned and controlled by the directors.
7 Other information
Ntcmed Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
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