Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01false5Specialists medical practice activities5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13198356 2023-01-01 2023-12-31 13198356 2022-01-01 2022-12-31 13198356 2023-12-31 13198356 2022-12-31 13198356 c:Director1 2023-01-01 2023-12-31 13198356 c:Director2 2023-01-01 2023-12-31 13198356 c:RegisteredOffice 2023-01-01 2023-12-31 13198356 d:PlantMachinery 2023-01-01 2023-12-31 13198356 d:PlantMachinery 2023-12-31 13198356 d:PlantMachinery 2022-12-31 13198356 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13198356 d:FurnitureFittings 2023-01-01 2023-12-31 13198356 d:FurnitureFittings 2023-12-31 13198356 d:FurnitureFittings 2022-12-31 13198356 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13198356 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13198356 d:CurrentFinancialInstruments 2023-12-31 13198356 d:CurrentFinancialInstruments 2022-12-31 13198356 d:Non-currentFinancialInstruments 2023-12-31 13198356 d:Non-currentFinancialInstruments 2022-12-31 13198356 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13198356 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13198356 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13198356 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13198356 d:ShareCapital 2023-12-31 13198356 d:ShareCapital 2022-12-31 13198356 d:RetainedEarningsAccumulatedLosses 2023-12-31 13198356 d:RetainedEarningsAccumulatedLosses 2022-12-31 13198356 c:FRS102 2023-01-01 2023-12-31 13198356 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13198356 c:FullAccounts 2023-01-01 2023-12-31 13198356 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13198356 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 13198356 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 13198356 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 13198356 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 13198356 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 13198356














MZ CL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  31 DECEMBER 2023

 
MZ CL LIMITED
 
 
COMPANY INFORMATION


Directors
M R Akhavan 
M Zamani 




Registered number
13198356



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
MZ CL LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
MZ CL LIMITED
REGISTERED NUMBER:13198356

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
395,709
401,535

Current assets
  

Stocks
  
33,127
14,550

Debtors: amounts falling due within one year
 5 
57,035
29,861

Cash at bank and in hand
  
39,748
46,414

  
129,910
90,825

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(375,769)
(454,873)

Net current liabilities
  
 
 
(245,859)
 
 
(364,048)

Creditors: amounts falling due after more than one year
 7 
(9,213)
(66,973)

Net assets/(liabilities)
  
140,637
(29,486)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
140,537
(29,586)

  
140,637
(29,486)


Page 1

 
MZ CL LIMITED
REGISTERED NUMBER:13198356
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 directors acknowledge their 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 comprehensive income 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: 




M Zamani
Director

Date: 1 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MZ CL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

MZ CL Limited is a private limited company incorporated in England and Wales, with its registered office  at 5 Elstree Gate, Borehamwood, Hertfordshire, WD6 1JD.The principal place of business address is at 125 Old Church Street, London, SW3 6EB.            

The principal activity of the company during the year was the provision of specialist medical procedures.
The company's functional and presentation currency is £ sterling.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents provision of medical services excluding value added tax. Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
Revenue from medical services is recognised in the period the service is performed.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MZ CL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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:

Plant and machinery
-
20%
Fixtures and fittings
-
25%

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.

 
2.7

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 first in, first out 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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
MZ CL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 5

 
MZ CL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost


At 1 January 2023
474,258
37,326
511,584


Additions
105,790
5,584
111,374



At 31 December 2023

580,048
42,910
622,958



Depreciation


At 1 January 2023
96,959
13,092
110,051


Charge for the year on owned assets
107,194
10,004
117,198



At 31 December 2023

204,153
23,096
227,249



Net book value



At 31 December 2023
375,895
19,814
395,709



At 31 December 2022
377,299
24,235
401,534

Page 6

 
MZ CL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£

Other debtors
100
100

Prepayments and accrued income
56,935
29,761

57,035
29,861



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to related parties
191,578
299,468

Trade creditors
73,239
55,459

Other taxation and social security
14,638
6,797

Obligations under finance lease and hire purchase contracts
56,237
72,348

Other creditors
30,127
10,625

Accruals and deferred income
9,950
10,176

375,769
454,873


The loan for finance leased assets is secured over the assets under the finance lease.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
9,213
66,973


The loan for finance leased assets is secured over the assets under the finance lease.


8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
56,237
72,348

Between 1-5 years
9,213
66,973

65,450
139,321

Page 7

 
MZ CL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

Amounts owed to related parties are interest free loans, repayable on demand, to companies with common ownership and control.

 
Page 8