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31/03/2024
2024-03-31
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No description of principal activities is disclosed
2023-04-01
Sage Accounts Production 23.0 - FRS102_2023
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Company registration number:
04278573
Medical Advisory and Support Services Limited
Unaudited filleted financial statements
31 March 2024
Medical Advisory and Support Services Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Medical Advisory and Support Services Limited
Directors and other information
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Directors |
Mr A Thurgood |
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Dr F J Hall |
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Sir K M Porter |
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Secretary |
Mr A Thurgood |
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Company number |
04278573 |
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Registered office |
38 Newick Avenue |
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Sutton Coldfield |
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West Midlands |
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B74 3DA |
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Accountants |
J Pedley-Smith FCCA |
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38 Newick Avenue |
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Sutton Coldfield |
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West Midlands |
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B74 3DA |
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Medical Advisory and Support Services Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Medical Advisory and Support Services Limited
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Medical Advisory and Support Services Limited for the year ended 31 March 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Medical Advisory and Support Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Medical Advisory and Support Services Limited and state those matters that we have agreed to state to the board of directors of Medical Advisory and Support Services Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Medical Advisory and Support Services Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Medical Advisory and Support Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Medical Advisory and Support Services Limited. You consider that Medical Advisory and Support Services 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 financial statements of Medical Advisory and Support Services 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 financial statements.
J Pedley-Smith FCCA
Chartered Certified Accountant
38 Newick Avenue
Sutton Coldfield
West Midlands
B74 3DA
1 August 2024
Medical Advisory and Support Services Limited
Statement of financial position
31 March 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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5 |
4,712 |
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2,184 |
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Cash at bank and in hand |
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8,693 |
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18,173 |
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_______ |
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_______ |
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13,405 |
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20,357 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
9,505) |
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(
8,991) |
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_______ |
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_______ |
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Net current assets |
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3,900 |
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11,366 |
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_______ |
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_______ |
Total assets less current liabilities |
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3,900 |
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11,366 |
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_______ |
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_______ |
Net assets |
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3,900 |
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11,366 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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3,800 |
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11,266 |
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_______ |
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_______ |
Shareholders funds |
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3,900 |
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11,366 |
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_______ |
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_______ |
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
01 August 2024
, and are signed on behalf of the board by:
Mr A Thurgood
Director
Company registration number:
04278573
Medical Advisory and Support Services Limited
Statement of changes in equity
Year ended 31 March 2024
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 April 2022 |
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100 |
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3,018 |
3,118 |
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Profit for the year |
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16,248 |
16,248 |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
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16,248 |
16,248 |
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Dividends paid and payable |
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(
8,000) |
(
8,000) |
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_______ |
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_______ |
_______ |
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Total investments by and distributions to owners |
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- |
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(
8,000) |
(
8,000) |
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_______ |
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_______ |
_______ |
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At 31 March 2023 and 1 April 2023 |
|
100 |
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11,266 |
11,366 |
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Profit for the year |
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8,149 |
8,149 |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
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8,149 |
8,149 |
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Dividends paid and payable |
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(
15,615) |
(
15,615) |
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_______ |
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_______ |
_______ |
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Total investments by and distributions to owners |
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- |
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(
15,615) |
(
15,615) |
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_______ |
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_______ |
_______ |
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At 31 March 2024 |
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100 |
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3,800 |
3,900 |
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_______ |
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_______ |
_______ |
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Medical Advisory and Support Services Limited
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 38 Newick Avenue, Sutton Coldfield, West Midlands, B74 3DA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment |
- |
25 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2023:
3
).
5.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
4,712 |
2,184 |
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|
_______ |
_______ |
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6.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
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|
£ |
£ |
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Trade creditors |
|
250 |
263 |
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Corporation tax |
|
1,911 |
3,811 |
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Social security and other taxes |
|
1,701 |
3,113 |
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Other creditors |
|
5,643 |
1,804 |
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|
|
_______ |
_______ |
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9,505 |
8,991 |
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_______ |
_______ |
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7.
Related party transactions
Included in other creditors are amounts due to the Directors amounting to £168. These amounts are interest free and repayable on demand.