Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09146731 2023-08-01 2024-07-31 09146731 2022-08-01 2023-07-31 09146731 2024-07-31 09146731 2023-07-31 09146731 c:Director1 2023-08-01 2024-07-31 09146731 c:Director2 2023-08-01 2024-07-31 09146731 d:OfficeEquipment 2023-08-01 2024-07-31 09146731 d:OfficeEquipment 2024-07-31 09146731 d:OfficeEquipment 2023-07-31 09146731 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09146731 d:CurrentFinancialInstruments 2024-07-31 09146731 d:CurrentFinancialInstruments 2023-07-31 09146731 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 09146731 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09146731 d:ShareCapital 2024-07-31 09146731 d:ShareCapital 2023-07-31 09146731 d:RetainedEarningsAccumulatedLosses 2024-07-31 09146731 d:RetainedEarningsAccumulatedLosses 2023-07-31 09146731 c:FRS102 2023-08-01 2024-07-31 09146731 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09146731 c:FullAccounts 2023-08-01 2024-07-31 09146731 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09146731 2 2023-08-01 2024-07-31 09146731 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 09146731











BMG MEDICAL LIMITED
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 31 July 2024

















Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD


Statement of Financial Position
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
1,155

  
-
1,155

Current assets
  

Debtors: amounts falling due within one year
 5 
757
-

Cash at bank and in hand
  
22,075
65,516

  
22,832
65,516

Creditors: amounts falling due within one year
 6 
(1,698)
(4,156)

Net current assets
  
 
 
21,134
 
 
61,360

Total assets less current liabilities
  
21,134
62,515

  

Net assets
  
21,134
62,515


Capital and reserves
  

Called up share capital 
  
20
20

Profit and loss account
  
21,114
62,495

  
21,134
62,515


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 income and retained earnings 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 on 2 October 2024.




___________________________
Brian Michael Goss
___________________________
Pamela Joan Goss
Director
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

    
Statement of Financial Position (continued)
As at 31 July 2024


Page 2


1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of
the registered office is The Old Wheel House, 31-37 Church Street, Reigate, Surrey, RH2 0AD.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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:

Office equipment
-
25%
Straight-line

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.

Page 3

 
2.5

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.

 
2.6

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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2023
4,785



At 31 July 2024

4,785



Depreciation


At 1 August 2023
3,630


Charge for the year on owned assets
1,155



At 31 July 2024

4,785



Net book value



At 31 July 2024
-



At 31 July 2023
1,155


5.


Debtors

2024
2023
£
£


Other debtors
757
-

757
-


Page 4


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
25

Corporation tax
-
2,369

Other taxation and social security
-
95

Other creditors
215
215

Accruals and deferred income
1,483
1,452

1,698
4,156


Page 5


7.

Director's advances, credits and guarantees


2024

Balance brought forward 
Advances/(credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

Dr Brian Goss
(215)
-
-
(215)

2023

Balance brought forward 
Advances/(credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

Dr Brian Goss
(215)
-
-
(215)

 
Page 6