Acorah Software Products - Accounts Production 15.0.400 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09840920 Miss Francesca Woolmer Mr Andrew Card iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09840920 2022-10-31 09840920 2023-10-31 09840920 2022-11-01 2023-10-31 09840920 frs-core:CurrentFinancialInstruments 2023-10-31 09840920 frs-core:Non-currentFinancialInstruments 2023-10-31 09840920 frs-core:ComputerEquipment 2023-10-31 09840920 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09840920 frs-core:ComputerEquipment 2022-10-31 09840920 frs-core:FurnitureFittings 2023-10-31 09840920 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09840920 frs-core:FurnitureFittings 2022-10-31 09840920 frs-core:MotorVehicles 2023-10-31 09840920 frs-core:MotorVehicles 2022-11-01 2023-10-31 09840920 frs-core:MotorVehicles 2022-10-31 09840920 frs-core:PlantMachinery 2023-10-31 09840920 frs-core:PlantMachinery 2022-11-01 2023-10-31 09840920 frs-core:PlantMachinery 2022-10-31 09840920 frs-core:ShareCapital 2023-10-31 09840920 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09840920 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09840920 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09840920 frs-bus:SmallEntities 2022-11-01 2023-10-31 09840920 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09840920 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09840920 frs-bus:Director1 2022-11-01 2023-10-31 09840920 frs-bus:Director2 2022-11-01 2023-10-31 09840920 frs-countries:EnglandWales 2022-11-01 2023-10-31 09840920 2021-10-31 09840920 2022-10-31 09840920 2021-11-01 2022-10-31 09840920 frs-core:CurrentFinancialInstruments 2022-10-31 09840920 frs-core:Non-currentFinancialInstruments 2022-10-31 09840920 frs-core:ShareCapital 2022-10-31 09840920 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09840920
Medical Solutions (GB) Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09840920
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 322,120 55,417
322,120 55,417
CURRENT ASSETS
Debtors 5 194,715 44,659
Cash at bank and in hand 5,000 -
199,715 44,659
Creditors: Amounts Falling Due Within One Year 6 (501,004 ) (173,629 )
NET CURRENT ASSETS (LIABILITIES) (301,289 ) (128,970 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,831 (73,553 )
Creditors: Amounts Falling Due After More Than One Year 7 (18,128 ) (20,819 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (80,530 ) (10,529 )
NET LIABILITIES (77,827 ) (104,901 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (77,927 ) (105,001 )
SHAREHOLDERS' FUNDS (77,827) (104,901)
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For the year ending 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Francesca Woolmer
Director
31st July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Medical Solutions (GB) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09840920 . The registered office is 36 Lichfield Street, Walsall, West Midlands, WS1 1TJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Due to the impact of COVID-19, the directors have identified material uncertainties that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate as the directors have agreed to support the business for the following 12 months.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 10% Straight Line
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 - 82,425 375 350 83,150
Additions 113,339 230,204 - - 343,543
Disposals - (60,425 ) (375 ) (350 ) (61,150 )
As at 31 October 2023 113,339 252,204 - - 365,543
Depreciation
As at 1 November 2022 - 27,008 375 350 27,733
Provided during the period 17,002 25,221 - - 42,223
Disposals - (25,808 ) (375 ) (350 ) (26,533 )
As at 31 October 2023 17,002 26,421 - - 43,423
Net Book Value
As at 31 October 2023 96,337 225,783 - - 322,120
As at 1 November 2022 - 55,417 - - 55,417
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 4,025
Prepayments and accrued income 90,686 -
Other debtors - 4,997
Deferred tax current asset 104,029 33,416
VAT - 822
Other taxes and social security - 1,399
194,715 44,659
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 18,394 -
Bank loans and overdrafts 29,171 25,276
Other taxes and social security 4,908 -
VAT 331 -
Net wages 3,054 -
Accruals and deferred income 2,500 9,500
Directors' loan accounts 442,646 138,853
501,004 173,629
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,128 20,819
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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