Registered number
10846680
Medixus Limited
Unaudited Filleted Accounts
31 December 2023
Medixus Limited
Registered number: 10846680
Balance Sheet
as at 31 December 2023
Restated
Notes 2023 2022
£ £
Fixed assets
Investments 3 6,639 6,639
Current assets
Debtors 4 - 29,542
Cash at bank and in hand 3,625 56,102
3,625 85,644
Creditors: amounts falling due within one year 5 (33,103) (36,299)
Net current (liabilities)/assets (29,478) 49,345
Total assets less current liabilities (22,839) 55,984
Creditors: amounts falling due after more than one year 6 (233,018) (233,018)
Net liabilities (255,857) (177,034)
Capital and reserves
Called up share capital 1,111 1,111
Share premium 77,241 77,241
Profit and loss account (334,209) (255,386)
Shareholders' funds (255,857) (177,034)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nicole Kayode
Director
Approved by the board on 30 October 2024
Medixus Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Going concern
The company has net liabilities and is therefore dependent upon the continuing support of its creditors and director. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments Restated
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 6,639
At 31 December 2023 6,639
4 Debtors 2023 2022
£ £
Trade debtors - 2,706
Other debtors - 26,836
- 29,542
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 17,775
Other creditors 33,103 18,524
33,103 36,299
Restated
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 233,018 233,018
7 Other information
Medixus Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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