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Company Registration No. 08961610 (England and Wales)
MEDUZA DESIGN LTD Unaudited accounts for the year ended 31 March 2023
MEDUZA DESIGN LTD Unaudited accounts Contents
Page
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MEDUZA DESIGN LTD Company Information for the year ended 31 March 2023
Director
Ricky Singh
Company Number
08961610 (England and Wales)
Registered Office
466 MELTON ROAD LEICESTER LE4 7SN
Accountants
BGS Accounting Limited 75 Exploration Drive Leicester LE4 5NU
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MEDUZA DESIGN LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
597 
Current assets
Inventories
2,897 
3,897 
Debtors
53,620 
34,052 
Cash at bank and in hand
33,094 
40,110 
89,611 
78,059 
Creditors: amounts falling due within one year
(55,389)
(55,811)
Net current assets
34,222 
22,248 
Net assets
34,222 
22,845 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
34,221 
22,844 
Shareholders' funds
34,222 
22,845 
For the year ending 31 March 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 his 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 19 December 2023 and were signed on its behalf by
Ricky Singh Director Company Registration No. 08961610
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MEDUZA DESIGN LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
MEDUZA DESIGN LTD is a private company, limited by shares, registered in England and Wales, registration number 08961610. The registered office is 466 MELTON ROAD, LEICESTER, LE4 7SN.
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:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,432 
At 31 March 2023
5,432 
Depreciation
At 1 April 2022
4,835 
Charge for the year
597 
At 31 March 2023
5,432 
Net book value
At 31 March 2023
- 
At 31 March 2022
597 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
12,090 
Other debtors
53,620 
21,962 
53,620 
34,052 
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MEDUZA DESIGN LTD Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
20,964 
27,886 
VAT
2,597 
4,072 
Taxes and social security
(772)
15,488 
Other creditors
- 
3,438 
Accruals
32,600 
4,927 
55,389 
55,811 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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