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Company Registration No. 12539650 (England and Wales)
Xmedical Ltd Unaudited accounts for the year ended 30 April 2024
Xmedical Ltd Unaudited accounts Contents
Page
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Xmedical Ltd Company Information for the year ended 30 April 2024
Director
Edward J M D Heywood
Company Number
12539650 (England and Wales)
Registered Office
Flat 2, 31-32 Hans Place London SW1X 0JY GBR
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Xmedical Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(81,254)
54,716 
Current assets
Inventories
- 
59,208 
Debtors
12,825 
12,823 
Cash at bank and in hand
6,351 
330,533 
19,176 
402,564 
Creditors: amounts falling due within one year
(5,291)
(174,822)
Net current assets
13,885 
227,742 
Total assets less current liabilities
(67,369)
282,458 
Creditors: amounts falling due after more than one year
(500,000)
(800,000)
Provisions for liabilities
Other provisions
- 
(28,629)
Net liabilities
(567,369)
(546,171)
Capital and reserves
Called up share capital
1,000 
1,000 
Capital contribution reserve
93,574 
93,574 
Profit and loss account
(661,943)
(640,745)
Shareholders' funds
(567,369)
(546,171)
For the year ending 30 April 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 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 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 and authorised for issue on 30 August 2024 and were signed on its behalf by
Edward J M D Heywood Director Company Registration No. 12539650
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Xmedical Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Xmedical Ltd is a private company, limited by shares, registered in England and Wales, registration number 12539650. The registered office is Flat 2, 31-32 Hans Place, London, SW1X 0JY, GBR. The company is in the process of being wound up.
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:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Computer equipment
20% Straight Line
Going concern
The accounts have been prepared on a Break-up basis as the business will cease trading post the year end of these accounts for the foreseeable future.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Xmedical Ltd Notes to the Accounts for the year ended 30 April 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
4,918 
154,633 
9,824 
169,375 
Disposals
(4,918)
(154,633)
(9,824)
(169,375)
At 30 April 2024
- 
- 
- 
- 
Depreciation
At 1 May 2023
546 
99,543 
14,570 
114,659 
On disposals
(546)
(30,927)
(1,932)
(33,405)
At 30 April 2024
- 
68,616 
12,638 
81,254 
Net book value
At 30 April 2024
- 
(68,616)
(12,638)
(81,254)
At 30 April 2023
4,372 
55,090 
(4,746)
54,716 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
390 
2,704 
Amounts due from group undertakings etc.
11,095 
- 
Accrued income and prepayments
- 
5,340 
Other debtors
1,340 
4,779 
12,825 
12,823 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
102,353 
Trade creditors
- 
13,906 
Taxes and social security
291 
2,213 
Other creditors
5,000 
17,451 
Loans from directors
- 
38,899 
5,291 
174,822 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
500,000 
800,000 
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Xmedical Ltd Notes to the Accounts for the year ended 30 April 2024
8
Transactions with related parties
Additionally, Xmedical Ltd received a loan facility from Scania Investment Ltd (2024: £500,000). Father of Director Edward Heywood is in a position of significant influence at Scania Investment Ltd.
9
Controlling party
The ultimate controlling party is XMedical Group Limited who own 100% of XMedical Limited's issued share capital.
10
Post balance sheet events
Loan from Scania Investment Ltd of £500,000 and remaining Other creditor balances were paid post the balance sheet date to clear the last creditors before closure.
11
Average number of employees
During the year the average number of employees was 3 (2023: 10).
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