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South West Medical Limited
Registered Number:04086162
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
South West Medical Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04086162
As at 31 October 2023
South West Medical Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
14,208
18,185
2
14,208
18,185
Current assets
Inventories
137,455
150,070
3
Trade and other receivables
76,164
86,534
4
39
Cash and cash equivalents
182,303
418,907
213,658
Trade and other payables: amounts falling due within one
year
(88,677)
(249,403)
5
124,981
169,504
Net current assets
Total assets less current liabilities
183,712
143,166
Trade and other payables: amounts falling due after more
than one year
(7,355)
(2,244)
6
181,468
Net assets
135,811
Capital and reserves
Called up share capital
20
10
Retained earnings
181,448
135,801
181,468
135,811
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Edmund Lawson Bennett Director
These financial statements were approved and authorised for issue by the Board on 29 July 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 October 2023
South West Medical Limited
Notes to the Financial Statements
Statutory Information
South West Medical Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04086162.
Principal place of business:
Comonin
Mitchel Troy
Monmouth
NP25 4BL
Registered address:
Basement, Weavers House
1 Gardens Road
Clevedon
United Kingdom
BS21 7QQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
2. Property, plant and equipment
Total
Office
Equipment
Fixtures and
Fittings
Motor
Vehicles
Plant and
Machinery
Leasehold
Improvements
£
£
£
£
£
£
Cost or
valuation
At 01 November
2022
92,643
29,143
18,016
25,789
16,664
3,031
4,754
1,079
-
-
3,675
-
Additions
At 31 October
2023
3,031
25,789
18,016
30,222
97,397
20,339
Provision for depreciation and impairment
At 01 November
2022
74,458
28,502
12,718
16,144
16,488
606
Charge for year
8,731
536
1,670
4,823
1,095
607
At 31 October
2023
83,189
29,038
14,388
20,967
17,583
1,213
At 31 October
2023
Net book value
1,818
2,756
4,822
3,628
1,184
14,208
2,425
176
9,645
5,298
641
18,185
At 31 October
2022
2 of 3
5
For the year ended 31 October 2023
South West Medical Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
150,070
137,455
4. Trade and other receivables
2022
2023
£
£
Trade debtors
66,898
56,480
Prepayments and accrued income
13,742
10,957
Taxation and social security
-
71
Other debtors
5,894
8,656
76,164
86,534
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
18,187
Trade creditors
157,462
30,794
Taxation and social security
81,786
17,186
Accruals and deferred income
3,850
15,560
Obligations under HP/Financial leases
6,305
6,878
Other creditors
-
72
249,403
88,677
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
1,050
2,244
Directors' loan accounts
6,305
-
Obligations under HP/Financial leases
2,244
7,355
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
3 of 3