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REGISTERED NUMBER: 11116412 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2023

for

EDR&MEDESO LTD

EDR&MEDESO LTD (Registered number: 11116412)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EDR&MEDESO LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Nyheim
G A Panes
Ms A P K Denneras
J A Nanimainen





REGISTERED OFFICE: Amp Technology Centre
Brunel Way
Rotherham
South Yorkshire
S60 5WG





REGISTERED NUMBER: 11116412 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

EDR&MEDESO LTD (Registered number: 11116412)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,922 27,009

CURRENT ASSETS
Debtors 5 3,107,629 2,383,468
Cash at bank 1,265,560 1,297,743
4,373,189 3,681,211
CREDITORS
Amounts falling due within one year 6 (3,360,707 ) (2,291,244 )
NET CURRENT ASSETS 1,012,482 1,389,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,034,404

1,416,976

PROVISIONS FOR LIABILITIES (4,824 ) (4,591 )
NET ASSETS 1,029,580 1,412,385

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Share premium 99,000 99,000
Retained earnings 929,580 1,312,385
SHAREHOLDERS' FUNDS 1,029,580 1,412,385

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 1 March 2024 and were signed on its behalf by:





G A Panes - Director


EDR&MEDESO LTD (Registered number: 11116412)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

EDR&MEDESO LTD 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

Government grants
Government grants are recognised under the accruals model.

Revenue grants are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

EDR&MEDESO LTD (Registered number: 11116412)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 18 ) .

EDR&MEDESO LTD (Registered number: 11116412)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 6,816 22,398 59,720 88,934
Additions - 1,350 9,375 10,725
Disposals (290 ) (2,871 ) (452 ) (3,613 )
At 31 December 2023 6,526 20,877 68,643 96,046
DEPRECIATION
At 1 January 2023 3,973 15,319 42,633 61,925
Charge for year 1,349 3,690 9,993 15,032
Eliminated on disposal (208 ) (2,266 ) (359 ) (2,833 )
At 31 December 2023 5,114 16,743 52,267 74,124
NET BOOK VALUE
At 31 December 2023 1,412 4,134 16,376 21,922
At 31 December 2022 2,843 7,079 17,087 27,009

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,783,702 2,092,336
Other debtors 323,927 291,132
3,107,629 2,383,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,771,937 1,575,335
Amounts owed to group undertakings 13,238 27,751
Taxation and social security 411,371 342,569
Other creditors 1,164,161 345,589
3,360,707 2,291,244

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Chadwick BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

9. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of the company is BluArc Holding AB, a company incorporated in Sweden. Their registered office is Legeringsgatan, 18 72130, Vasteras, Sweden