Company registration number 13137818 (England and Wales)
PHC MEDICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
PHC MEDICS LIMITED
CONTENTS
Page
Balance sheet and notes to the financial statements
2 - 3
PHC MEDICS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PHC MEDICS LIMITED FOR THE YEAR ENDED 31 JANUARY 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PHC Medics Limited for the year ended 31 January 2024 set out on pages 2 to 3 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of PHC Medics Limited, as a body, in accordance with the terms of our engagement letter dated 9 February 2021. Our work has been undertaken solely to prepare for your approval the financial statements of PHC Medics Limited and state those matters that we have agreed to state to the board of directors of PHC Medics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PHC Medics Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that PHC Medics Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that PHC Medics Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of PHC Medics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MHA
Chartered Accountants
Richard House
9 Winckley Square
Preston
PR1 3HP
31 October 2024
PHC MEDICS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 2 -
2024
2023
£
£
£
£
Fixed assets
649
865
Current assets
64,645
62,020
Creditors: amounts falling due within one year
(9,803)
(17,625)
Net current assets
54,842
44,395
Total assets less current liabilities
55,491
45,260
Net assets
55,491
45,260
Capital and reserves
55,491
45,260
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
A director's loan account was overdrawn at 31 January 2024 by £48,735 (31 January 2023: £0) . The maximum amount owed during the year was £48,735. Beneficial loan interest has been charged on the cumulative balance at a rate of 2.25% per annum totalling £662 which is included in the loan balance.
All advances are unsecured. The loan was fully repaid by 13 July 2024.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
PHC Medics Limited is a private company limited by shares incorporated in England and Wales. The registered office is Richard House, 9 Winckley Square, Preston, PR1 3HP.
For the period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
PHC MEDICS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2024
31 January 2024
- 3 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 31 October 2024
Dr M M Megahed
Director
Company registration number 13137818 (England and Wales)