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Registered number: 10896957
3Medsoftware Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10896957
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,957 57,446
45,957 57,446
CURRENT ASSETS
Debtors 5 273,399 255,399
273,399 255,399
Creditors: Amounts Falling Due Within One Year 6 (306,267 ) (303,267 )
NET CURRENT ASSETS (LIABILITIES) (32,868 ) (47,868 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,089 9,578
NET ASSETS 13,089 9,578
CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Share premium account 1,285,270 1,285,270
Profit and Loss Account (1,372,181 ) (1,375,692 )
SHAREHOLDERS' FUNDS 13,089 9,578
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr EDOARDO NARDUZZI
Director
22/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
3Medsoftware Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10896957 . The registered office is 19 The Circle , Queen Elizabeth Street, London, SE1 2JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 20% RB
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Office Equipment
£
Cost
As at 1 January 2023 1,385,170
As at 31 December 2023 1,385,170
Depreciation
As at 1 January 2023 1,327,724
Provided during the period 11,489
As at 31 December 2023 1,339,213
Net Book Value
As at 31 December 2023 45,957
As at 1 January 2023 57,446
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 273,399 255,399
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 260,720 260,720
VAT 3,000 -
Director's loan account 36,795 36,795
Amounts owed to group undertakings 5,752 5,752
306,267 303,267
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100,000 100,000
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr EDOARDO NARDUZZI 36,795 - - - 36,795
The above loan is unsecured, interest free and repayable on demand.
9. Controlling Party
The company's controlling party is Masada Ltd by virtue of his ownership of more than 50% but less than 75% of the issued share capital in the company.
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