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REGISTERED NUMBER: 12436550 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

COMPLIANT MEDICAL DEVICES LTD

COMPLIANT MEDICAL DEVICES LTD (REGISTERED NUMBER: 12436550)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMPLIANT MEDICAL DEVICES LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: R J J Tully





REGISTERED OFFICE: 58 London Street
Whitchurch
RG28 7LN





REGISTERED NUMBER: 12436550 (England and Wales)





ACCOUNTANT: Richard Kyte Associates
Chartered Certified Accountant
126 Weyhill Road
Andover
Hampshire
SP10 3BE

COMPLIANT MEDICAL DEVICES LTD (REGISTERED NUMBER: 12436550)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,741 4,846

CURRENT ASSETS
Debtors 5 242,744 77,924
Cash at bank 192,842 163,783
435,586 241,707
CREDITORS
Amounts falling due within one year 6 177,522 74,107
NET CURRENT ASSETS 258,064 167,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,805

172,446

PROVISIONS FOR LIABILITIES 7 1,620 921
NET ASSETS 263,185 171,525

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 263,085 171,425
SHAREHOLDERS' FUNDS 263,185 171,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





R J J Tully - Director


COMPLIANT MEDICAL DEVICES LTD (REGISTERED NUMBER: 12436550)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Compliant Medical Devices Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture and Fittings - 15% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

COMPLIANT MEDICAL DEVICES LTD (REGISTERED NUMBER: 12436550)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixture
and Computer
Fittings equipment Totals
£    £    £   
COST
At 1 February 2023 685 6,899 7,584
Additions - 4,978 4,978
At 31 January 2024 685 11,877 12,562
DEPRECIATION
At 1 February 2023 113 2,625 2,738
Charge for year 75 3,008 3,083
At 31 January 2024 188 5,633 5,821
NET BOOK VALUE
At 31 January 2024 497 6,244 6,741
At 31 January 2023 572 4,274 4,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 147,020 77,924
Directors' current accounts 93,950 -
Prepayments 1,774 -
242,744 77,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 20,535 22,584
Tax 95,811 34,138
Social security and other taxes 17,980 8,853
VAT 33,231 6,591
Other creditors 8,815 -
Accrued expenses 1,150 1,941
177,522 74,107

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 1,620 921

Deferred
tax
£   
Balance at 1 February 2023 921
Provided during year 699
Balance at 31 January 2024 1,620

COMPLIANT MEDICAL DEVICES LTD (REGISTERED NUMBER: 12436550)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2023 171,425
Profit for the year 308,425
Dividends (216,765 )
At 31 January 2024 263,085

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
R J J Tully
Balance outstanding at start of year - -
Amounts advanced 93,950 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,950 -

Interest is charged on the loans at the official rate as advised by HMRC.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £216,765 were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is R J J Tully.

Mr R J J Tully as the sole director of the company owned 100% of the share capital at the year end. At the balance sheet date there were no outstanding amounts due to him.