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REGISTERED NUMBER: 06498390 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Promedicus Ltd

Promedicus Ltd (Registered number: 06498390)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Promedicus Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S W Burton





REGISTERED OFFICE: 1a Amberside House
Wood Lane
Paradise Industrial Estate
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 06498390 (England and Wales)





ACCOUNTANT: G Jakeman
1a Amberside House
Wood Lane
Paradise Industrial Estate
Hemel Hempstead
Hertfordshire
HP2 4TP

Promedicus Ltd (Registered number: 06498390)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,236 143,817

CURRENT ASSETS
Stocks - 21,840
Debtors 5 102,250 71,681
Cash at bank 118,890 117,614
221,140 211,135
CREDITORS
Amounts falling due within one year 6 97,300 115,120
NET CURRENT ASSETS 123,840 96,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,076

239,832

CREDITORS
Amounts falling due after more than one
year

7

(9,951

)

(20,379

)

PROVISIONS FOR LIABILITIES (21,872 ) (25,572 )
NET ASSETS 216,253 193,881

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 216,252 193,880
SHAREHOLDERS' FUNDS 216,253 193,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Promedicus Ltd (Registered number: 06498390)

Balance Sheet - continued
29 February 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 director and authorised for issue on 18 November 2024 and were signed by:





S W Burton - Director


Promedicus Ltd (Registered number: 06498390)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Promedicus Ltd 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Promedicus Ltd (Registered number: 06498390)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 12 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 490,195
Additions 11,479
At 29 February 2024 501,674
DEPRECIATION
At 1 March 2023 346,378
Charge for year 31,060
At 29 February 2024 377,438
NET BOOK VALUE
At 29 February 2024 124,236
At 28 February 2023 143,817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 100,125 69,556
Other debtors 2,125 2,125
102,250 71,681

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 20,717 31,365
Hire purchase contracts 10,821 10,821
Trade creditors 3,041 19,980
Amounts owed to participating interests 24,574 18,977
Taxation and social security 1,071 -
Other creditors 37,076 33,977
97,300 115,120

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 9,951 20,379