Company Registration No. 08791461 (England and Wales)
Medlams Surveys Limited
Unaudited accounts
for the year ended 31 March 2024
Medlams Surveys Limited
Unaudited accounts
Contents
Medlams Surveys Limited
Company Information
for the year ended 31 March 2024
Directors
Mrs R Golds
Mr R Golds
Company Number
08791461 (England and Wales)
Registered Office
RIDGE FARM SCANT ROAD EAST
HAMBROOK
CHICHESTER
WEST SUSSEX
PO18 8UB
Medlams Surveys Limited
Statement of financial position
as at 31 March 2024
Tangible assets
20,794
26,262
Cash at bank and in hand
22,951
41,593
Creditors: amounts falling due within one year
(14,211)
(12,006)
Net current assets
21,459
45,219
Total assets less current liabilities
42,253
71,481
Provisions for liabilities
Deferred tax
(3,951)
(4,990)
Called up share capital
100
100
Profit and loss account
38,202
66,391
Shareholders' funds
38,302
66,491
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by
Mrs R Golds
Director
Company Registration No. 08791461
Medlams Surveys Limited
Notes to the Accounts
for the year ended 31 March 2024
Medlams Surveys Limited is a private company, limited by shares, registered in England and Wales, registration number 08791461. The registered office is RIDGE FARM SCANT ROAD EAST, HAMBROOK, CHICHESTER, WEST SUSSEX, PO18 8UB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No Depreciation charged
Plant & machinery
20% per annum straight line
Rentals applicable to operating leases where substantially all of the benefits of risk of ownership remain with the lessor are charged to the profit and loss account as incurred.
Deferred tax has been provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income, on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
Medlams Surveys Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
11,968
14,352
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
12,384
10,465
Other creditors
1,715
1,518
Loans from directors
112
23
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).