Registered number
11681608
MED HIVE RECRUITMENT LTD
Filleted Accounts
30 November 2022
MED HIVE RECRUITMENT LTD
Registered number: 11681608
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Current assets
Debtors 3 25,000 30,000
Cash at bank and in hand 425 17,707
25,425 47,707
Creditors: amounts falling due within one year 4 (6,751) (4,612)
Net current assets 18,674 43,095
Total assets less current liabilities 18,674 43,095
Creditors: amounts falling due after more than one year 5 (35,343) (45,000)
Net liabilities (16,669) (1,905)
Capital and reserves
Called up share capital 200 200
Profit and loss account (16,869) (2,105)
Shareholders' funds (16,669) (1,905)
The director is 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 director acknowledges his 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.
Shuja Rehman
Director
Approved by the board on 29 November 2023
MED HIVE RECRUITMENT LTD
Notes to the Accounts
for the year ended 30 November 2022
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 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.
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 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). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 1
3 Debtors 2022 2021
£ £
Trade debtors - 5,000
Other debtors 25,000 25,000
25,000 30,000
4 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 2,748 144
Other creditors 4,003 4,468
6,751 4,612
5 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 35,343 45,000
6 Related party transactions
The director controls the company.
7 Other information
MED HIVE RECRUITMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Parkway 5
Parkway Business Centre
300 Princess Road
Manchester
M14 7HR
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