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Company Registration No. 06041758 (England and Wales)
House Medics Limited Unaudited accounts for the year ended 31 January 2024
House Medics Limited Unaudited accounts Contents
Page
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House Medics Limited Company Information for the year ended 31 January 2024
Directors
Janine Bootland J R Bootland
Company Number
06041758 (England and Wales)
Registered Office
The Hollies 52 Teall Street Ossett West Yorkshire WF5 0NY England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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House Medics Limited Accountants' report
Accountants' report to the board of directors of House Medics Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of House Medics Limited for the year ended 31 January 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of House Medics Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of House Medics Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than House Medics Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that House Medics Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of House Medics Limited. You consider that House Medics Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of House Medics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 1 July 2024
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House Medics Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
1 
Current assets
Inventories
93,369 
186 
Debtors
140,966 
166,966 
Cash at bank and in hand
24,700 
3,033 
259,035 
170,185 
Creditors: amounts falling due within one year
(177,959)
(65,921)
Net current assets
81,076 
104,264 
Total assets less current liabilities
81,077 
104,265 
Creditors: amounts falling due after more than one year
(36,963)
(41,924)
Net assets
44,114 
62,341 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
43,114 
61,341 
Shareholders' funds
44,114 
62,341 
For the year ending 31 January 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 19 August 2024 and were signed on its behalf by
J R Bootland Director Company Registration No. 06041758
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House Medics Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
House Medics Limited is a private company, limited by shares, registered in England and Wales, registration number 06041758. The registered office is The Hollies, 52 Teall Street, Ossett, West Yorkshire, WF5 0NY, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Computer equipment
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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House Medics Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
2,015 
5,174 
7,189 
At 31 January 2024
2,015 
5,174 
7,189 
Depreciation
At 1 February 2023
2,015 
5,173 
7,188 
At 31 January 2024
2,015 
5,173 
7,188 
Net book value
At 31 January 2024
- 
1 
1 
At 31 January 2023
- 
1 
1 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
23,523 
23,523 
Other debtors
117,443 
143,443 
140,966 
166,966 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
2,009 
Other creditors
93,001 
22,001 
Loans from directors
84,958 
41,911 
177,959 
65,921 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,963 
41,924 
In June 2020, the company received a Bounce Back Loan of £50,000, which is a 100% UK Government backed loan. Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government. After the first 12 months, an interest rate of 2.5% is applicable. The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
8
Transactions with related parties
At the balance sheet date the company was owed a total of £140,966 (2023 - £166,966) by related companies. Included in current liabilities is a related company loan of £3,000 (2023 - nil). These loans are interest-free and repayable on demand.
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House Medics Limited Notes to the Accounts for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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