Company Registration No. 13488856 (England and Wales)
Medstead Physical Health Limited
Unaudited accounts
for the year ended 31 July 2023
Medstead Physical Health Limited
Unaudited accounts
Contents
Medstead Physical Health Limited
Company Information
for the year ended 31 July 2023
Company Number
13488856 (England and Wales)
Registered Office
9 Upper Bourne Lane
recclesham
Farnham
GU10 4RQ
England
Accountants
M A Accountancy Group
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Medstead Physical Health Limited
Statement of financial position
as at 31 July 2023
Tangible assets
4,808
6,412
Cash at bank and in hand
5,102
7,109
Creditors: amounts falling due within one year
(9,082)
(7,043)
Net current assets
773
3,645
Total assets less current liabilities
5,581
10,057
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
4,666
9,695
Shareholders' funds
4,667
9,696
For the year ending 31 July 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 5 March 2024 and were signed on its behalf by
Michael Boyd
Director
Company Registration No. 13488856
Medstead Physical Health Limited
Notes to the Accounts
for the year ended 31 July 2023
Medstead Physical Health Limited is a private company, limited by shares, registered in England and Wales, registration number 13488856. The registered office is 9 Upper Bourne Lane, recclesham, Farnham, GU10 4RQ, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & machinery
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Medstead Physical Health Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,722
4,823
Loans from directors
400
1,260
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).