Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10168235 Ms Edit Vasarhelyi Ms Irma Vasarhelyi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10168235 2023-02-28 10168235 2024-02-28 10168235 2023-03-01 2024-02-28 10168235 frs-core:CurrentFinancialInstruments 2024-02-28 10168235 frs-core:ComputerEquipment 2024-02-28 10168235 frs-core:ComputerEquipment 2023-03-01 2024-02-28 10168235 frs-core:ComputerEquipment 2023-02-28 10168235 frs-core:ShareCapital 2024-02-28 10168235 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10168235 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10168235 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10168235 frs-bus:SmallEntities 2023-03-01 2024-02-28 10168235 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10168235 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10168235 frs-bus:Director1 2023-03-01 2024-02-28 10168235 frs-bus:Director2 2023-03-01 2024-02-28 10168235 frs-countries:EnglandWales 2023-03-01 2024-02-28 10168235 2022-02-28 10168235 2023-02-28 10168235 2022-03-01 2023-02-28 10168235 frs-core:CurrentFinancialInstruments 2023-02-28 10168235 frs-core:ShareCapital 2023-02-28 10168235 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10168235
HMD MEDICAL LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
Griff Consulting Ltd
Hova House
1 Hova Villas
Brighton & Hove
BN3 3DH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10168235
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 11
- 11
CURRENT ASSETS
Debtors 5 1,937 4,297
Cash at bank and in hand 1,924 2,007
3,861 6,304
Creditors: Amounts Falling Due Within One Year 6 (118,998 ) (110,347 )
NET CURRENT ASSETS (LIABILITIES) (115,137 ) (104,043 )
TOTAL ASSETS LESS CURRENT LIABILITIES (115,137 ) (104,032 )
NET LIABILITIES (115,137 ) (104,032 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (115,237 ) (104,132 )
SHAREHOLDERS' FUNDS (115,137) (104,032)
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Edit Vasarhelyi
Director
Ms Irma Vasarhelyi
Director
30/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
HMD MEDICAL LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10168235 . The registered office is 35 Shaw Drive, Walton-On-Thames, Surrey, KT12 2LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 years, straight line basis
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 1,583
As at 28 February 2024 1,583
Depreciation
As at 1 March 2023 1,572
Provided during the period 11
As at 28 February 2024 1,583
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 11
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,937 4,297
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,460 2,156
Bank loans and overdrafts 4,729 3,329
VAT 6,880 6,877
Net wages 7,942 -
Directors' loan accounts 97,987 97,985
118,998 110,347
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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