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REGISTERED NUMBER: 03593373 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

IMEDCO LIMITED

IMEDCO LIMITED (REGISTERED NUMBER: 03593373)






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


IMEDCO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J Selzer



SECRETARY: G Mackenzie



REGISTERED OFFICE: 5 Beaumont Gate
Shenley Hill
Radlett
Hertfordshire
WD7 7AR



REGISTERED NUMBER: 03593373 (England and Wales)



AUDITORS: Nagler Simmons
Chartered Accountants
And Statutory Auditors
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR



BANKERS: Lloyds TSB Bank plc
Central & West London
5th Floor
4/6 Copthall Avenue
London
EC2R 7DA

IMEDCO LIMITED (REGISTERED NUMBER: 03593373)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,520 10,003

CURRENT ASSETS
Debtors 5 1,845,520 1,151,619
Cash at bank 353,736 171,908
2,199,256 1,323,527
CREDITORS
Amounts falling due within one year 6 2,047,636 1,071,831
NET CURRENT ASSETS 151,620 251,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,140

261,699

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 180,140 260,699
SHAREHOLDERS' FUNDS 181,140 261,699

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 director and authorised for issue on 4 April 2024 and were signed by:





J Selzer - Director


IMEDCO LIMITED (REGISTERED NUMBER: 03593373)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Imedco 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

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 - 40% on reducing balance
Fixtures, fittings & office equipment - 20% on reducing balance
Motor vehicles - 40% on reducing balance
Computer equipment - Straight line over 3 years

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.

IMEDCO LIMITED (REGISTERED NUMBER: 03593373)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 124,983
Additions 39,084
Disposals (21,615 )
At 31 December 2023 142,452
DEPRECIATION
At 1 January 2023 114,980
Charge for year 19,361
Eliminated on disposal (21,409 )
At 31 December 2023 112,932
NET BOOK VALUE
At 31 December 2023 29,520
At 31 December 2022 10,003

IMEDCO LIMITED (REGISTERED NUMBER: 03593373)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 367,988 353,978
Other debtors 2,500 2,500
Prepayments and accrued income 1,475,032 795,141
1,845,520 1,151,619

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,602,512 830,672
Social security and other taxes 4,241 3,050
Other creditors 26,162 2,432
Accruals and deferred income 414,721 235,677
2,047,636 1,071,831

7. LEASING AGREEMENTS
As at the year end, the company had total commitments under operating leases of £32,500 (2022: £55,500)

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

The Report of the Auditors was unqualified.

Paul Simmons (Senior Statutory Auditor)
for and on behalf of Nagler Simmons

9. RELATED PARTY DISCLOSURES

The company is a 100% subsidiary of Imedco AG. Its registered office address is Industriestrasse West 14, 4614 Haegendorf, Switzerland.