Registered number
07617611
MED DYNAMICS LTD
Filleted Accounts
30 April 2024
MED DYNAMICS LTD
Registered number: 07617611
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 40,000 62,900
Cash at bank and in hand 475 11,172
40,475 74,072
Creditors: amounts falling due within one year 5 (11,286) (8,365)
Net current assets 29,189 65,707
Total assets less current liabilities 29,189 65,707
Creditors: amounts falling due after more than one year 6 (2,434) (12,383)
Net assets 26,755 53,324
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,655 53,224
Shareholder's funds 26,755 53,324
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MUHAMMAD MIAN
Director
Approved by the board on 16 December 2024
MED DYNAMICS LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
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 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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Debtors
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 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 500
At 30 April 2024 500
Depreciation
At 1 May 2023 500
At 30 April 2024 500
Net book value
At 30 April 2024 -
4 Debtors 2024 2023
£ £
Trade debtors - 2,900
Other debtors (Loan to Everest Pharmacy) 40,000 60,000
40,000 62,900
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 10,287 7,845
Other creditors 999 520
11,286 8,365
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loan 2,434 12,383
7 Other information
MED DYNAMICS LTD is a private company limited by shares and incorporated in England. Its registered office is:
1 BROOKS ROAD
MANCHESTER
M16 9QW
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