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Company Registration No. SC591054 (Scotland)
M & G HEALTHCARE SERVICES LIMITED Unaudited accounts for the year ended 31 March 2024
M & G HEALTHCARE SERVICES LIMITED Unaudited accounts Contents
Page
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M & G HEALTHCARE SERVICES LIMITED Company Information for the year ended 31 March 2024
Directors
Emeka Offor Susan Ezenwobodo
Company Number
SC591054 (Scotland)
Registered Office
4 Shore Place Edinburgh EH6 6SW Scotland
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M & G HEALTHCARE SERVICES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
151,758 
46,133 
Current assets
Debtors
16,702 
16,702 
Cash at bank and in hand
1,849,401 
1,383,429 
1,866,103 
1,400,131 
Creditors: amounts falling due within one year
(738,719)
(551,074)
Net current assets
1,127,384 
849,057 
Total assets less current liabilities
1,279,142 
895,190 
Creditors: amounts falling due after more than one year
(154,318)
(48,682)
Net assets
1,124,824 
846,508 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
1,124,524 
846,208 
Shareholders' funds
1,124,824 
846,508 
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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Emeka Offor Director Company Registration No. SC591054
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M & G HEALTHCARE SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
M & G HEALTHCARE SERVICES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC591054. The registered office is 4 Shore Place, Edinburgh, EH6 6SW, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
89,909 
39,323 
18,332 
147,564 
Additions
171,759 
1,701 
5,155 
178,615 
Disposals
(34,220)
- 
- 
(34,220)
At 31 March 2024
227,448 
41,024 
23,487 
291,959 
Depreciation
At 1 April 2023
72,909 
17,395 
11,127 
101,431 
Charge for the year
56,862 
10,256 
5,872 
72,990 
On disposals
(34,220)
- 
- 
(34,220)
At 31 March 2024
95,551 
27,651 
16,999 
140,201 
Net book value
At 31 March 2024
131,897 
13,373 
6,488 
151,758 
At 31 March 2023
17,000 
21,928 
7,205 
46,133 
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M & G HEALTHCARE SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,000 
3,000 
Other debtors
13,702 
13,702 
16,702 
16,702 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,175 
9,984 
Obligations under finance leases and hire purchase contracts
23,429 
15,918 
Trade creditors
277,045 
207,000 
Taxes and social security
81,106 
131,953 
Other creditors
136,920 
10,000 
Loans from directors
210,044 
176,219 
738,719 
551,074 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,327 
22,517 
Obligations under finance leases and hire purchase contracts
141,991 
26,165 
154,318 
48,682 
8
Average number of employees
During the year the average number of employees was 135 (2023: 78).
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