2022-04-01 2023-03-31 false Capium Accounts Production 1.1 10813445 bus:AbridgedAccounts 2022-04-01 2023-03-31 10813445 bus:FRS102 2022-04-01 2023-03-31 10813445 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10813445 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10813445 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10813445 2022-04-01 2023-03-31 10813445 2023-03-31 10813445 bus:RegisteredOffice 2022-04-01 2023-03-31 10813445 core:WithinOneYear 2023-03-31 10813445 core:AfterOneYear 2023-03-31 10813445 bus:Director1 2022-04-01 2023-03-31 10813445 bus:Director1 2023-03-31 10813445 bus:Director1 2021-04-01 2022-03-31 10813445 bus:Director2 2022-04-01 2023-03-31 10813445 bus:Director2 2023-03-31 10813445 bus:Director2 2021-04-01 2022-03-31 10813445 bus:Director3 2022-04-01 2023-03-31 10813445 bus:Director3 2023-03-31 10813445 bus:Director3 2021-04-01 2022-03-31 10813445 bus:Director4 2022-04-01 2023-03-31 10813445 bus:Director4 2023-03-31 10813445 bus:Director4 2021-04-01 2022-03-31 10813445 bus:Director5 2022-04-01 2023-03-31 10813445 bus:Director5 2023-03-31 10813445 bus:Director5 2021-04-01 2022-03-31 10813445 2021-04-01 10813445 bus:CompanySecretary1 2022-04-01 2023-03-31 10813445 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 10813445 2021-04-01 2022-03-31 10813445 2022-03-31 10813445 core:WithinOneYear 2022-03-31 10813445 core:AfterOneYear 2022-03-31 10813445 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 10813445 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10813445 bus:OrdinaryShareClass1 2023-03-31 10813445 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 10813445 bus:OrdinaryShareClass1 2022-03-31 10813445 core:MotorCars 2022-04-01 2023-03-31 10813445 core:MotorCars 2023-03-31 10813445 core:MotorCars 2022-03-31 10813445 core:FurnitureFittings 2022-04-01 2023-03-31 10813445 core:FurnitureFittings 2023-03-31 10813445 core:FurnitureFittings 2022-03-31 10813445 core:ComputerEquipment 2022-04-01 2023-03-31 10813445 core:ComputerEquipment 2023-03-31 10813445 core:ComputerEquipment 2022-03-31 10813445 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 10813445 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 10813445 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 10813445 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 10813445 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 10813445 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 10813445 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 10813445 core:Non-currentFinancialInstruments 2023-03-31 10813445 core:Non-currentFinancialInstruments 2022-03-31 10813445 core:ShareCapital 2023-03-31 10813445 core:ShareCapital 2022-03-31 10813445 core:RetainedEarningsAccumulatedLosses 2023-03-31 10813445 core:RetainedEarningsAccumulatedLosses 2022-03-31 10813445 dpl:Item1 2022-04-01 10813445 dpl:Item1 2023-03-31 10813445 dpl:Item1 2021-04-01 10813445 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10813445
England and Wales

 

 

 

MEDINA CONNECT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Accountants report

You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 



....................................................
Akhter's Limited Accountants and Business Advisors
64 Castle Boulevard
Nottingham
NG7 1FN
29 March 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 115,271    140,627 
115,271    140,627 
Current assets      
Stocks 1,005    1,205 
Debtors: amounts falling due after one year 2,397,071    849,362 
Cash at bank and in hand 396,837    812,497 
2,794,913    1,663,064 
Creditors: amount falling due within one year (448,737)   (313,989)
Net current assets 2,346,176    1,349,075 
 
Total assets less current liabilities 2,461,447    1,489,702 
Creditors: amount falling due after more than one year (1,346,020)   (702,582)
Net assets 1,115,427    787,120 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 1,115,327    787,020 
Shareholder's funds 1,115,427    787,120 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 March 2024 and were signed on its behalf by:


-------------------------------
Mr Sagheer Akhter
Director
2
General Information
MEDINA CONNECT LTD is a private company, limited by shares, registered in England and Wales, registration number 10813445, registration address 64 Castle Boulevard, Nottingham, Nottinghamshire, NG7 1FN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 18% Reducing Balance
Fixtures and Fittings 18% Reducing Balance
Computer Equipment 18% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 91 (2022 : 104).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2022 4,355    296,500    2,500    303,355 
Additions      
Disposals      
At 31 March 2023 4,355    296,500    2,500    303,355 
Depreciation
At 01 April 2022 2,701    159,387    640    162,728 
Charge for year 341    24,680    335    25,356 
On disposals      
At 31 March 2023 3,042    184,067    975    188,084 
Net book values
Closing balance as at 31 March 2023 1,313    112,433    1,525    115,271 
Opening balance as at 01 April 2022 1,654    137,113    1,860    140,627 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Medina Trust136,800 136,800 (522,395)(396,101)
Medina Connect Property Ltd38,000 38,000 (47,046)(9,046)
Medina Connect Property 2 Ltd15,200 15,200 (81,626)(66,426)
Clifton View Ltd23,538 23,538 
Wilford View Ltd247,709 (13,945)
Wollaton View Limited(169,408)(184,408)
Medina Green Limited98,296 85,296 
Medina Long Eaton Ltd921,190 921,190 
Medina Ltd219,338 219,338 
Long Eaton View Ltd(400,000)(400,000)

The directors and shareholders are also trustees and beneficiaries in Medina Trust (Pension Fund). Medina Connect Ltd operates as a residential care home from the property 'Connect House', of which 72% is owned by Medina Trust. During the year, rent was charged by Medina Trust at full market value and on normal commerical terms. The year end balance is included within creditors due after more than one year.
The director Jamil is also a director of Medina Connect Property Ltd. Medina Connect Ltd operates as a residential care home from the property 'Connect House', of which 20% is owned by Medina Connect Property Ltd. During the period, rent was charged by Medina Connect Property Ltd at full market value and on normal commercial terms. The year end balance is included within creditors due after more than one year.
The directors Sagheer, Shabana, Sajaid and Samina are also directors of Medina Connect Property 2 Ltd. Medina Connect Ltd operates as a residential care home from the property 'Connect House', of which 8% is owned by Medina Connect Property 2 Ltd. During the year, rent was charged by Medina Connect Property 2 Ltd at full market value and on normal commercial tems. The year end balance is included within creditors due after more than one year.
The company has directors in common with Clifton View Ltd. At the balance sheet date, the company was owed an interest free loan from Clifton View Ltd, included within debtors due after more than one year.
The company has directors in common with Wilford View Ltd. At the balance sheet date, the company owes an interest free loan to Wilford View Ltd, included within debtors due after more than one year.
The company has directors in common with Wollaton View Limited. At the balance sheet date, the company owed an interest free loan to Wollaton View Limited, included within creditors due after more than one year.
The directors are close family members with the directors of Medina Green Limited. At the balance sheet date, the company was owed an interest free loan from Medina Green Limited, included within debtors due after more than one year.
The company has directors in common with Medina Long Eaton Ltd. At the balance sheet date, the company was owed an interest free loan from Medina Long Eaton Ltd, included within debtors due after more than one year.
The company has directors in common with Medina Ltd. At the balance sheet date, the company was owed an interest free loan from Medina Ltd, included within debtors due after more than one year.
The company has directors in common with Long Eaton View Ltd. At the balance sheet date, the company owed an interest free loan to Long Eaton View Ltd, included within creditors due after more than one year.
3