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Company Registration No. 05957668 (England and Wales)
MEDICAL WRITING LIMITED Unaudited accounts for the year ended 31 October 2023
MEDICAL WRITING LIMITED Unaudited accounts Contents
Page
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MEDICAL WRITING LIMITED Company Information for the year ended 31 October 2023
Directors
Dr Cheryl Jenkins Dr Allan Johnson Dr Vanessa Lane Mary Johnson
Company Number
05957668 (England and Wales)
Registered Office
Chalfont St Peter Buckinghamshire SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
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MEDICAL WRITING LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
181,669 
157,089 
Current assets
Debtors
56,465 
58,317 
Cash at bank and in hand
160,882 
201,423 
217,347 
259,740 
Creditors: amounts falling due within one year
(14,451)
(59,291)
Net current assets
202,896 
200,449 
Total assets less current liabilities
384,565 
357,538 
Creditors: amounts falling due after more than one year
(10,475)
(12,485)
Net assets
374,090 
345,053 
Capital and reserves
Called up share capital
390 
390 
Profit and loss account
373,700 
344,663 
Shareholders' funds
374,090 
345,053 
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
Dr Vanessa Lane Director Company Registration No. 05957668
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MEDICAL WRITING LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
MEDICAL WRITING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05957668. The registered office is Chalfont St Peter, Buckinghamshire, SL9 9QL, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Land & buildings
20% per annum of cost
Motor vehicles
20% per annum of cost
Fixtures & fittings
25% per annum of cost
Computer equipment
25% per annum of cost
Pension costs
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.
Leased assets
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. Assets held under finance leases and hire purchase contracts are capitalised 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 rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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MEDICAL WRITING LIMITED Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
144,460 
52,881 
3,593 
24,236 
225,170 
Additions
- 
40,250 
278 
1,791 
42,319 
Disposals
- 
(32,000)
- 
- 
(32,000)
At 31 October 2023
144,460 
61,131 
3,871 
26,027 
235,489 
Depreciation
At 1 November 2022
5,934 
41,396 
3,462 
17,289 
68,081 
Charge for the year
1,978 
12,226 
203 
3,332 
17,739 
On disposals
- 
(32,000)
- 
- 
(32,000)
At 31 October 2023
7,912 
21,622 
3,665 
20,621 
53,820 
Net book value
At 31 October 2023
136,548 
39,509 
206 
5,406 
181,669 
At 31 October 2022
138,526 
11,485 
131 
6,947 
157,089 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,965 
46,317 
Other debtors
18,500 
12,000 
56,465 
58,317 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,677 
12,802 
Obligations under finance leases and hire purchase contracts
2,010 
2,010 
Taxes and social security
(49)
38,618 
Other creditors
574 
600 
Loans from directors
4,720 
2,108 
Accruals
3,519 
3,153 
14,451 
59,291 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £2,010 (2022 £2,010). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
10,475 
12,485 
Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £10,475 (2022 £12,485). The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
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MEDICAL WRITING LIMITED Notes to the Accounts for the year ended 31 October 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100 
100 
190 Ordinary B shares of £1 each
190 
190 
100 Ordinary C shares of £1 each
100 
100 
390 
390 
9
Loans to directors
At 31 October 2023 the directors were owed £4,718 by the company in the form of interest bearing loans that are repayable without notice. The loan consists of £762 due to A Johnson (2022 - £2,009) and £3,188 due to C Jenkins (2022 - £19) and £769 due to V Lane (2022 - £80). Interest of £100 was charged in the year by the directors
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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