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Company Registration No. 13506505 (England and Wales)
IA Medical Ltd Unaudited accounts for the year ended 31 July 2023
IA Medical Ltd Unaudited accounts Contents
Page
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IA Medical Ltd Company Information for the year ended 31 July 2023
Directors
Dr Irshad Abdoolatiff Yushreen Abdoolatiff
Company Number
13506505 (England and Wales)
Registered Office
61 Hall Lee Fold Huddersfield West Yorkshire HD3 3NX United Kingdom
Accountants
Sigma Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB
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IA Medical Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,523 
10,885 
Current assets
Cash at bank and in hand
51,730 
41,716 
Creditors: amounts falling due within one year
(56,516)
(43,695)
Net current liabilities
(4,786)
(1,979)
Net assets
5,737 
8,906 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
5,733 
8,902 
Shareholders' funds
5,737 
8,906 
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 16 November 2023 and were signed on its behalf by
Dr Irshad Abdoolatiff Director Company Registration No. 13506505
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IA Medical Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
IA Medical Ltd is a private company, limited by shares, registered in England and Wales, registration number 13506505. The registered office is 61 Hall Lee Fold, Huddersfield, West Yorkshire, HD3 3NX, 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:
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
13,980 
Additions
3,147 
At 31 July 2023
17,127 
Depreciation
At 1 August 2022
3,095 
Charge for the year
3,509 
At 31 July 2023
6,604 
Net book value
At 31 July 2023
10,523 
At 31 July 2022
10,885 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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