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REGISTERED NUMBER: 04173299 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

MEDI-CARE (WEST MIDLANDS) LIMITED

MEDI-CARE (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 04173299)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEDI-CARE (WEST MIDLANDS) LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Jaffer Anver Merali Alibhai
Shaheed Fazal
Nassir Gulamabbas Fazal





SECRETARY: Jaffer Anver Merali Alibhai





REGISTERED OFFICE: Unit 1 Century Park
Garrison Lane
Birmingham
West Midlands
B9 4NZ





REGISTERED NUMBER: 04173299 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

MEDI-CARE (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 04173299)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,339 31,806
Investments 6 5,086,813 5,086,813
5,114,152 5,118,619

CURRENT ASSETS
Stocks 26,000 30,000
Debtors 7 118,050 113,374
Cash at bank and in hand 138,763 153,910
282,813 297,284
CREDITORS
Amounts falling due within one year 8 4,446,141 4,454,450
NET CURRENT LIABILITIES (4,163,328 ) (4,157,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

950,824

961,453

CREDITORS
Amounts falling due after more than one year 9 (327,410 ) (364,134 )

PROVISIONS FOR LIABILITIES (6,834 ) (6,762 )
NET ASSETS 616,580 590,557

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 615,580 589,557
SHAREHOLDERS' FUNDS 616,580 590,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MEDI-CARE (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 04173299)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Jaffer Anver Merali Alibhai - Director


MEDI-CARE (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 04173299)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Medi-Care (West Midlands) Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

After initial recognition goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


MEDI-CARE (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 04173299)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 757,291
AMORTISATION
At 1 July 2023
and 30 June 2024 757,291
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

MEDI-CARE (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 04173299)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1 119,178 119,179
Additions - 3,356 3,356
At 30 June 2024 1 122,534 122,535
DEPRECIATION
At 1 July 2023 - 87,373 87,373
Charge for year - 7,823 7,823
At 30 June 2024 - 95,196 95,196
NET BOOK VALUE
At 30 June 2024 1 27,338 27,339
At 30 June 2023 1 31,805 31,806

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 July 2023
and 30 June 2024 5,086,813
NET BOOK VALUE
At 30 June 2024 5,086,813
At 30 June 2023 5,086,813

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,849 94,599
Other debtors 16,060 -
VAT 10,423 11,994
Prepayments 7,718 6,781
118,050 113,374

MEDI-CARE (WEST MIDLANDS) LIMITED (REGISTERED NUMBER: 04173299)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,322 34,222
Hire purchase contracts 4,069 4,069
Trade creditors 136,054 147,185
Amounts owed to group undertakings 2,487,319 2,487,319
Tax 10,569 5,621
Social security and other taxes 1,018 1,064
Other creditors 1,611,333 1,612,795
Directors' current accounts 142,927 140,431
Accrued expenses 18,530 21,744
4,446,141 4,454,450

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 34,322 34,222
Bank loans - 2-5 years 102,666 102,666
Bank loans more 5 yr by instal 169,805 202,560
Hire purchase contracts 20,617 24,686
327,410 364,134

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 169,805 202,560

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 July 2023 589,557
Profit for the year 28,023
Dividends (2,000 )
At 30 June 2024 615,580