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Registered Number: 09492331
England and Wales

 

 

 

MEDASCEND LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 4,601    7,580 
4,601    7,580 
Current assets      
Debtors 4 97   
Cash at bank and in hand 8,154    3,781 
8,251    3,781 
Creditors: amount falling due within one year 5 (10,592)   (6,259)
Net current assets (2,341)   (2,478)
 
Total assets less current liabilities 2,260    5,102 
Net assets 2,260    5,102 
 

Capital and reserves
     
Called up share capital 15    15 
Profit and loss account 2,245    5,087 
Shareholders' funds 2,260    5,102 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 26 December 2024 and were signed by:


-------------------------------
U Nazir
Director
1
General Information
MEDASCEND LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09492331, registration address 7 Standlake Avenue, Birmingham, B36 8JR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 3 years Straight Line
Computer Equipment 3 years Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 April 2023 749      749 
Additions 6,604    5,796    12,400 
Disposals    
At 31 March 2024 7,353    5,796    13,149 
Depreciation
At 01 April 2023 250      250 
Charge for year 4,434    3,864    8,298 
On disposals    
At 31 March 2024 4,684    3,864    8,548 
Net book values
Closing balance as at 31 March 2024 2,669    1,932    4,601 
Opening balance as at 01 April 2023 3,716    3,864    7,580 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
PAYE & Social Security 97   
97   

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 9,912    4,790 
PAYE & Social Security   142 
Accrued Expenses 663    1,326 
Other Creditors (1)  
Directors' Current Accounts 18   
10,592    6,259 

2