Ntcmed Ltd |
Notes to the Accounts |
for the year ended 5 April 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts. |
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Debtors |
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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, other than loans to the directors, 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. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
- |
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500 |
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Other debtors |
6,378 |
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8,720 |
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6,378 |
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9,220 |
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4 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Taxation and social security costs |
8,074 |
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9,494 |
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5 |
Loans to directors |
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Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
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Mr and Mrs G and N Chirimuuta |
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Overdrawn director's loan account, interest free and repayable on demand |
8,720 |
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8,074 |
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(8,720) |
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8,074 |
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8,720 |
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8,074 |
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(8,720) |
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8,074 |
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6 |
Other information |
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Ntcmed Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Clearways Accountants |
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Clearways |
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Colley Way |
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Reigate |
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RH2 9JH |