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REGISTERED NUMBER: 04211442 (England and Wales)










Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Disposable Medical Equipment Limited

Disposable Medical Equipment Limited (Registered number: 04211442)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Disposable Medical Equipment Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: N Nathwani
P Khiroya
Mrs V Khiroya
Mrs P Nathwani





SECRETARY: P Khiroya





REGISTERED OFFICE: 1C Henley Business Park
Pirbright Road
Guildford
Surrey
GU3 2DX





REGISTERED NUMBER: 04211442 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Disposable Medical Equipment Limited (Registered number: 04211442)

Report of the Directors
for the Year Ended 30 April 2023

The directors present their report with the financial statements of the company for the year ended 30 April 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2022 to the date of this report.

N Nathwani
P Khiroya
Mrs V Khiroya
Mrs P Nathwani

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Khiroya - Director


17 January 2024

Disposable Medical Equipment Limited (Registered number: 04211442)

Balance Sheet
30 April 2023

30.4.22 30.4.23
£    £    Notes £    £   
FIXED ASSETS
10,681 Tangible assets 4 23,919
470,010 Investments 5 470,010
480,691 493,929

CURRENT ASSETS
541,104 Stocks 160,430
805,604 Debtors 6 1,309,849
11,304,216 Investments 7 10,476,391
3,056,324 Cash at bank 2,936,707
15,707,248 14,883,377
CREDITORS
998,585 Amounts falling due within one year 8 1,187,036
14,708,663 NET CURRENT ASSETS 13,696,341
15,189,354 TOTAL ASSETS LESS CURRENT
LIABILITIES

14,190,270

CAPITAL AND RESERVES
1,005 Called up share capital 1,005
15,188,349 Retained earnings 14,189,265
15,189,354 SHAREHOLDERS' FUNDS 14,190,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Disposable Medical Equipment Limited (Registered number: 04211442)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by:





P Khiroya - Director


Disposable Medical Equipment Limited (Registered number: 04211442)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Disposable Medical Equipment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Disposable Medical Equipment Limited (Registered number: 04211442)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 199,915
Additions 23,845
Disposals (21,420 )
At 30 April 2023 202,340
DEPRECIATION
At 1 May 2022 189,234
Charge for year 9,867
Eliminated on disposal (20,680 )
At 30 April 2023 178,421
NET BOOK VALUE
At 30 April 2023 23,919
At 30 April 2022 10,681

5. FIXED ASSET INVESTMENTS

30.4.23 30.4.22
£    £   
Participating interests 170,010 170,010
Other loans 300,000 300,000
470,010 470,010

Additional information is as follows:
Interest
in other
participating
interests
£   
COST
At 1 May 2022
and 30 April 2023 170,010
NET BOOK VALUE
At 30 April 2023 170,010
At 30 April 2022 170,010

Disposable Medical Equipment Limited (Registered number: 04211442)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. FIXED ASSET INVESTMENTS - continued
Other
loans
£   
At 1 May 2022
and 30 April 2023 300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 618,660 618,658
Other debtors 691,189 186,946
1,309,849 805,604

7. CURRENT ASSET INVESTMENTS
30.4.23 30.4.22
£    £   
Listed investments 10,476,391 10,294,172
Property - 1,010,044
10,476,391 11,304,216

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 844,631 704,657
Taxation and social security 19,129 9,531
Other creditors 323,276 284,397
1,187,036 998,585