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REGISTERED NUMBER: 06806395 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MEDALCHEMY LIMITED

MEDALCHEMY LIMITED (REGISTERED NUMBER: 06806395)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEDALCHEMY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr N J M Bradshaw
Dr I W Rock
M S Sidhu





REGISTERED OFFICE: 72 Victoria Road
Mortimer
Reading
Berkshire
RG7 3SQ





REGISTERED NUMBER: 06806395 (England and Wales)





ACCOUNTANTS: Cooper Parry Advisory Limited
Chartered Accountants
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

MEDALCHEMY LIMITED (REGISTERED NUMBER: 06806395)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 13,775 16,257

CURRENT ASSETS
Stocks 49,211 69,366
Debtors 5 297,332 318,440
Cash at bank 211,318 165,255
557,861 553,061
CREDITORS
Amounts falling due within one year 6 315,162 293,407
NET CURRENT ASSETS 242,699 259,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,474

275,911

PROVISIONS FOR LIABILITIES 3,444 4,065
NET ASSETS 253,030 271,846

CAPITAL AND RESERVES
Called up share capital 895 1,075
Capital redemption reserve 455 275
Retained earnings 251,680 270,496
253,030 271,846

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MEDALCHEMY LIMITED (REGISTERED NUMBER: 06806395)

BALANCE SHEET - continued
31 MARCH 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 and authorised for issue by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:




Dr I W Rock - Director



M S Sidhu - Director


MEDALCHEMY LIMITED (REGISTERED NUMBER: 06806395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Medalchemy 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment25% Reducing balance
Fixtures and fittings15% Reducing balance
IT equipment33% Reducing balance
Improvements to property15% Reducing balance

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.

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.

MEDALCHEMY LIMITED (REGISTERED NUMBER: 06806395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023
and 31 March 2024 93,331
DEPRECIATION
At 1 April 2023 77,074
Charge for year 2,482
At 31 March 2024 79,556
NET BOOK VALUE
At 31 March 2024 13,775
At 31 March 2023 16,257

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 276,925 252,548
Other debtors 20,407 65,892
297,332 318,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 276,876 255,583
Taxation and social security 19,406 30,298
Other creditors 18,880 7,526
315,162 293,407

MEDALCHEMY LIMITED (REGISTERED NUMBER: 06806395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CALLED UP SHARE CAPITAL

2024 2023 2024 2023
Ordinary share capital - issued and fully paid Number Number £    £   
A Ordinary 196 196 196 196
B Ordinary 440 584 440 584
C Ordinary 100 100 100 100
D Ordinary 159 195 159 195
895 1075 895 1075

8. CAPITAL REDEMPTION RESERVE

Purchase of own shares:

During the year 144 B Ordinary £1 shares and 36 D Ordinary £1 shares were purchased by the company for a total consideration of £20,000.

9. PURCHASE OF OWN SHARES

During the year the following amounts were paid by the company to buy back shares from participators:

Date No of Shares Consideration
31 July 2023 144 B Ordinary and 36 D Ordinary £20,000