MEDI HEALTH & CARE LTD

Company Registration Number:
12935829 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

MEDI HEALTH & CARE LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MEDI HEALTH & CARE LTD

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 2,748,361 2,149,362
Cost of sales: ( 678,327 ) ( 443,562 )
Gross profit(or loss): 2,070,034 1,705,800
Distribution costs: ( 104,572 ) ( 58,443 )
Administrative expenses: ( 165,793 ) ( 113,568 )
Operating profit(or loss): 1,799,669 1,533,789
Profit(or loss) before tax: 1,799,669 1,533,789
Tax: ( 843,916 ) ( 332,845 )
Profit(or loss) for the financial year: 955,753 1,200,944

MEDI HEALTH & CARE LTD

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 31,678 14,832
Tangible assets: 4 356,282 210,384
Investments: 5 1,762,353 1,221,894
Total fixed assets: 2,150,313 1,447,110
Current assets
Stocks: 6 91,638 66,091
Debtors: 7 44,283 34,990
Cash at bank and in hand: 122,013 92,013
Investments: 8 1,200,000 917,328
Total current assets: 1,457,934 1,110,422
Prepayments and accrued income: 22,873 0
Creditors: amounts falling due within one year: 9 ( 68,783 ) ( 37,289 )
Net current assets (liabilities): 1,412,024 1,073,133
Total assets less current liabilities: 3,562,337 2,520,243
Creditors: amounts falling due after more than one year: 10 ( 22,873 ) ( 12,894 )
Provision for liabilities: ( 300,000 ) ( 185,000 )
Total net assets (liabilities): 3,239,464 2,322,349
Capital and reserves
Called up share capital: 100 100
Share premium account: 1,600,000 800,000
Other reserves: 892,000 438,630
Profit and loss account: 747,364 1,083,619
Total Shareholders' funds: 3,239,464 2,322,349

The notes form part of these financial statements

MEDI HEALTH & CARE LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 11 July 2024
and signed on behalf of the board by:

Name: Dr Agris Grisins
Status: Director

The notes form part of these financial statements

MEDI HEALTH & CARE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

MEDI HEALTH & CARE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 28 31

MEDI HEALTH & CARE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 November 2022 14,832 14,832
Additions 17,000 17,000
Disposals
Revaluations
Transfers
At 31 October 2023 31,832 31,832
Amortisation
At 1 November 2022 0 0
Charge for year 154 154
On disposals
Other adjustments
At 31 October 2023 154 154
Net book value
At 31 October 2023 31,678 31,678
At 31 October 2022 14,832 14,832

MEDI HEALTH & CARE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 120,000 0 12,967 36,920 40,497 210,384
Additions 45,000 18,369 12,583 69,946 145,898
Disposals
Revaluations
Transfers
At 31 October 2023 120,000 45,000 31,336 49,503 110,443 356,282
Depreciation
At 1 November 2022
Charge for year
On disposals
Other adjustments
At 31 October 2023
Net book value
At 31 October 2023 120,000 45,000 31,336 49,503 110,443 356,282
At 31 October 2022 120,000 0 12,967 36,920 40,497 210,384

MEDI HEALTH & CARE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Fixed assets investments note

Total fixed assets are currently standing at £2,150,313

MEDI HEALTH & CARE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Stocks

2023 2022
£ £
Stocks 86,802 66,091
Payments on account 4,836
Total 91,638 66,091

MEDI HEALTH & CARE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Debtors

2023 2022
£ £
Trade debtors 44,283 34,990
Total 44,283 34,990

MEDI HEALTH & CARE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

8. Current assets investments note

Total current assets standing at £1,457,934

MEDI HEALTH & CARE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

9. Creditors: amounts falling due within one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 68,783 37,289
Total 68,783 37,289

MEDI HEALTH & CARE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

10. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 22,873 12,894
Total 22,873 12,894