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Company registration number: 06236323
Medico-Legal Services (Wales) Limited
Unaudited filleted financial statements
31 March 2024
Medico-Legal Services (Wales) Limited
Contents
Balance sheet
Notes to the financial statements
Medico-Legal Services (Wales) Limited
Balance sheet
31 March 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 49,891 37,458
Cash at bank and in hand 29,962 15,442
_______ _______
79,853 52,900
Creditors: amounts falling due
within one year 6 ( 35,913) ( 24,094)
_______ _______
Net current assets 43,940 28,806
_______ _______
Total assets less current liabilities 43,940 28,806
_______ _______
Net assets 43,940 28,806
_______ _______
Capital and reserves
Called up share capital 7 102 102
Profit and loss account 43,838 28,704
_______ _______
Shareholders funds 43,940 28,806
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 13 January 2025 , and are signed on behalf of the board by:
...............................................
Kartik Hariharan
Director
Company registration number: 06236323
Medico-Legal Services (Wales) Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in the United Kingdom. The address of the registered office is Clifton House, Four Elms Road, Cardiff, CF24 1LE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.When the outcome of a transaction can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense/(credit) represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. However, no provision has been carried forward in these financial statements, as, in the opinion of the directors, the amounts involved are not material.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. All of the financial instruments applicable to the company are considered to be basic, as defined in the Accounting Standard, and as such are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Debtors
2024 2023
£ £
Trade debtors 46,233 33,800
Other debtors 3,658 3,658
_______ _______
49,891 37,458
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Social security and other taxes 8,635 3,528
Director loan accounts 14,278 10,760
Other creditors 13,000 9,806
_______ _______
35,913 24,094
_______ _______
7. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
"A" Ordinary shares of £ 1.00 each 1 1 1 1
"B" Ordinary shares of £ 1.00 each 1 1 1 1
_______ _______ _______ _______
102 102 102 102
_______ _______ _______ _______