Registered number
10606469
First Choice Medical Solutions Ltd
Filleted Accounts
29 February 2024
First Choice Medical Solutions Ltd
Registered number: 10606469
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,794 6,041
5,794 6,041
Current assets
Debtors 4 324,544 113,328
Cash at bank and in hand 107,930 165,909
432,474 279,237
Creditors: amounts falling due within one year 5 (198,272) (178,769)
Net current assets 234,202 100,468
Total assets less current liabilities 239,996 106,509
Creditors: amounts falling due after more than one year 6 (23,282) (33,705)
Net assets 216,714 72,804
Capital and reserves
Called up share capital 1 1
Profit and loss account 216,713 72,803
Shareholders' funds 216,714 72,804
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Bondai
Director
Approved by the board on 15 August 2024
First Choice Medical Solutions Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 5 years
Computer equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 64 71
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 - 5,800 25,095 30,895
Additions - 5,523 - 5,523
Surplus on revaluation - - - -
Disposals - - - -
At 29 February 2024 - 11,323 25,095 36,418
Depreciation
At 1 March 2023 - 2,304 22,550 24,854
Charge for the year - 3,225 2,545 5,770
Surplus on revaluation - - - -
On disposals - - - -
At 29 February 2024 - 5,529 25,095 30,624
Net book value
At 29 February 2024 - 5,794 - 5,794
At 28 February 2023 - 3,496 2,545 6,041
4 Debtors 2024 2023
£ £
Trade debtors 233,544 113,328
Other debtors 91,000 -
324,544 113,328
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 46,228 63,987
Taxation and social security costs 104,044 69,554
Other creditors 48,000 45,228
198,272 178,769
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,282 33,705
23,282 33,705
7 Other information
First Choice Medical Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
First Floor Hatton House
Church Lane
Cheshunt
Herts
EN8 0DW
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