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REGISTERED NUMBER: 13912894 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MEDINA ELECTRONICS DESIGN CONSULTANCY
LTD

MEDINA ELECTRONICS DESIGN CONSULTANCY
LTD (REGISTERED NUMBER: 13912894)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEDINA ELECTRONICS DESIGN CONSULTANCY
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: N V Peers





SECRETARY: Mrs J Peers





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
PO30 1LA





REGISTERED NUMBER: 13912894 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

MEDINA ELECTRONICS DESIGN CONSULTANCY
LTD (REGISTERED NUMBER: 13912894)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,117 6,766

CURRENT ASSETS
Debtors 5 4,509 2,747
Cash at bank 12,673 11,163
17,182 13,910
CREDITORS
Amounts falling due within one year 6 25,986 20,580
NET CURRENT LIABILITIES (8,804 ) (6,670 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

313

96

RESERVES
Retained earnings 313 96
313 96

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 26 March 2024 and were signed by:





N V Peers - Director


MEDINA ELECTRONICS DESIGN CONSULTANCY
LTD (REGISTERED NUMBER: 13912894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Medina Electronics Design Consultancy 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.

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.

Plant & Machinery, Fixtures & Fittings and Computer Equipment - 25% reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MEDINA ELECTRONICS DESIGN CONSULTANCY
LTD (REGISTERED NUMBER: 13912894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 March 2023 4,372 731 3,919 9,022
Additions 3,151 - 2,294 5,445
Disposals - - (75 ) (75 )
At 29 February 2024 7,523 731 6,138 14,392
DEPRECIATION
At 1 March 2023 1,093 183 980 2,256
Charge for year 1,607 137 1,294 3,038
Eliminated on disposal - - (19 ) (19 )
At 29 February 2024 2,700 320 2,255 5,275
NET BOOK VALUE
At 29 February 2024 4,823 411 3,883 9,117
At 28 February 2023 3,279 548 2,939 6,766

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 4,509 2,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 14 -
Tax 8,027 3,993
Social security and other taxes 80 80
VAT 2,045 1,698
Directors' current accounts 14,520 13,559
Accrued expenses 1,300 1,250
25,986 20,580