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Company Registration No. 12607843 (England and Wales)
Medicine Loft Ltd Unaudited accounts for the year ended 31 May 2023
Medicine Loft Ltd Unaudited accounts Contents
Page
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Medicine Loft Ltd Company Information for the year ended 31 May 2023
Director
Nyasha Nyarai Mugara
Company Number
12607843 (England and Wales)
Registered Office
28 ROXBURGH WAY BLETCHLEY MILTON KEYNES MK3 7NZ ENGLAND
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Medicine Loft Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,940 
5,414 
Current assets
Inventories
7,500 
8,500 
Cash at bank and in hand
1,637 
1,547 
9,137 
10,047 
Creditors: amounts falling due within one year
(15,102)
(752)
Net current (liabilities)/assets
(5,965)
9,295 
Total assets less current liabilities
(2,025)
14,709 
Creditors: amounts falling due after more than one year
(4,336)
(6,005)
Net (liabilities)/assets
(6,361)
8,704 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(6,363)
8,702 
Shareholders' funds
(6,361)
8,704 
For the year ending 31 May 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 her 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 18 March 2024 and were signed on its behalf by
Nyasha Nyarai Mugara Director Company Registration No. 12607843
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Medicine Loft Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Medicine Loft Ltd is a private company, limited by shares, registered in England and Wales, registration number 12607843. The registered office is 28 ROXBURGH WAY, BLETCHLEY, MILTON KEYNES, MK3 7NZ, 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.
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.
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:
Computer equipment
3 years on straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
6,368 
600 
6,968 
At 31 May 2023
6,368 
600 
6,968 
Depreciation
At 1 June 2022
1,154 
400 
1,554 
Charge for the year
1,274 
200 
1,474 
At 31 May 2023
2,428 
600 
3,028 
Net book value
At 31 May 2023
3,940 
- 
3,940 
At 31 May 2022
5,214 
200 
5,414 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
123 
1,826 
Loans from directors
14,479 
(1,674)
Accruals
500 
600 
15,102 
752 
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Medicine Loft Ltd Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,336 
6,005 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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