Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity2516falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06204253 2022-12-31 06204253 2023-01-01 2023-12-31 06204253 2023-12-31 06204253 2021-07-01 2022-06-30 06204253 2022-06-30 06204253 2021-07-01 06204253 c:CompanySecretary1 2023-01-01 2023-12-31 06204253 c:Director1 2023-01-01 2023-12-31 06204253 c:RegisteredOffice 2023-01-01 2023-12-31 06204253 d:MotorVehicles 2023-01-01 2023-12-31 06204253 d:OfficeEquipment 2023-01-01 2023-12-31 06204253 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 06204253 d:OtherPropertyPlantEquipment 2023-12-31 06204253 d:OtherPropertyPlantEquipment 2022-06-30 06204253 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06204253 d:Goodwill 2023-12-31 06204253 d:Goodwill 2022-06-30 06204253 d:CurrentFinancialInstruments 2023-12-31 06204253 d:CurrentFinancialInstruments 2022-06-30 06204253 d:Non-currentFinancialInstruments 2023-12-31 06204253 d:Non-currentFinancialInstruments 2022-06-30 06204253 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06204253 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 06204253 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06204253 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 06204253 d:ShareCapital 2023-01-01 2023-12-31 06204253 d:ShareCapital 2023-12-31 06204253 d:ShareCapital 2021-07-01 2022-06-30 06204253 d:ShareCapital 2022-06-30 06204253 d:ShareCapital 2021-07-01 06204253 d:CapitalRedemptionReserve 2023-01-01 2023-12-31 06204253 d:CapitalRedemptionReserve 2023-12-31 06204253 d:CapitalRedemptionReserve 2021-07-01 2022-06-30 06204253 d:CapitalRedemptionReserve 2022-06-30 06204253 d:CapitalRedemptionReserve 2021-07-01 06204253 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 06204253 d:RetainedEarningsAccumulatedLosses 2023-12-31 06204253 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 06204253 d:RetainedEarningsAccumulatedLosses 2022-06-30 06204253 d:RetainedEarningsAccumulatedLosses 2021-07-01 06204253 c:FRS102 2023-01-01 2023-12-31 06204253 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06204253 c:FullAccounts 2023-01-01 2023-12-31 06204253 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06204253 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 06204253







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


MEDI-PLINTH EQUIPMENT LIMITED






































img5ea2.png                        

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
COMPANY INFORMATION


Director
R S Singh 




Company secretary
M J Miles



Registered number
06204253



Registered office
Blays Cottage
Blays Lane

Egham

TW20 0PB




Accountants
Menzies LLP
Chartered Accountants

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


MEDI-PLINTH EQUIPMENT LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3
Notes to the Financial Statements
4 - 8


 


MEDI-PLINTH EQUIPMENT LIMITED
REGISTERED NUMBER:06204253



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
76,166
12,013

  
76,166
12,013

Current assets
  

Stocks
  
1,055,569
302,329

Debtors: amounts falling due within one year
 6 
1,135,978
1,199,859

Cash at bank and in hand
  
19,542
341,761

  
2,211,089
1,843,949

Creditors: amounts falling due within one year
 7 
(1,110,003)
(653,446)

Net current assets
  
 
 
1,101,086
 
 
1,190,503

Total assets less current liabilities
  
1,177,252
1,202,516

Creditors: amounts falling due after more than one year
 8 
(54,030)
(60,000)

  

Net assets
  
1,123,222
1,142,516

Page 1

 


MEDI-PLINTH EQUIPMENT LIMITED
REGISTERED NUMBER:06204253


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
1,000
1,010

Capital redemption reserve
  
10
-

Profit and loss account
  
1,122,212
1,141,506

  
1,123,222
1,142,516


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R S Singh
Director

Date: 23 August 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 


MEDI-PLINTH EQUIPMENT LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 July 2021
1,010
-
713,499
714,509


Comprehensive income for the year

Profit for the year
-
-
432,340
432,340
Total comprehensive income for the year
-
-
432,340
432,340


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(4,333)
(4,333)


Total transactions with owners
-
-
(4,333)
(4,333)



At 1 January 2023
1,010
-
1,141,506
1,142,516


Comprehensive income for the year

Profit for the year
-
-
480,706
480,706
Total comprehensive income for the year
-
-
480,706
480,706


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(500,000)
(500,000)

Purchase of own shares
-
10
-
10

Shares cancelled during the year
(10)
-
-
(10)


Total transactions with owners
(10)
10
(500,000)
(500,000)


At 31 December 2023
1,000
10
1,122,212
1,123,222


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Medi-Plinth Equipment Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the company information page. The company's principal place of business is 7-11 Holywell Road, Ipswich, IP3 0DL.
The Company extended its year end from 30 June 2023 to 31 December 2023 as part of the company restructuring plans. These financial statements present the activity of the company for the 18 month period ended 31 December 2023 which are not entirely comparable to the previous 12 months ended 30 June 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
33% straight line
Software costs
-
Over 4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans
to related parties and investments in ordinary shares.

Page 5

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2022 - 16).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
60,000



At 31 December 2023

60,000



Amortisation


At 1 January 2023
60,000



At 31 December 2023

60,000



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 6

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 January 2023
63,201


Additions
97,289


Disposals
(63,200)



At 31 December 2023

97,290



Depreciation


At 1 January 2023
51,188


Charge for the year on owned assets
33,136


Disposals
(63,200)



At 31 December 2023

21,124



Net book value



At 31 December 2023
76,166



At 31 December 2022
12,013


6.


Debtors

2023
2022
£
£


Trade debtors
458,852
670,294

Amounts owed by group undertakings
-
484,630

Other debtors
623,093
-

Prepayments and accrued income
54,033
44,935

1,135,978
1,199,859


Page 7

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
20,000
20,000

Trade creditors
260,527
334,653

Amounts owed to group undertakings
577,517
-

Corporation tax
71,479
91,378

Other taxation and social security
45,733
73,901

Obligations under finance lease and hire purchase contracts
12,359
-

Other creditors
116,973
130,314

Accruals and deferred income
5,415
3,200

1,110,003
653,446


The bank loans are secured by way of a fixed and floating charge over the company's assets.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
30,000
60,000

Net obligations under finance leases and hire purchase contracts
24,030
-

54,030
60,000


The bank loans are secured by way of a fixed and floating charge over the company's assets.


9.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.

 
Page 8