Registered number
10292903
M H MEDICS LTD
Filleted Accounts
31 July 2024
M H MEDICS LTD
Registered number: 10292903
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,158 1,900
Current assets
Debtors 4 54,476 40,235
Cash at bank and in hand 525,416 575,433
579,892 615,668
Creditors: amounts falling due within one year 5 (48,771) (44,838)
Net current assets 531,121 570,830
Total assets less current liabilities 533,279 572,730
Creditors: amounts falling due after more than one year 6 114,682 (7,569)
Net assets 647,961 565,161
Capital and reserves
Called up share capital 10 10
Profit and loss account 647,951 565,151
Shareholder's funds 647,961 565,161
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 her 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.
DR MARIA HUSAIN
Director
Approved by the board on 17 January 2025
M H MEDICS LTD
Notes to the Accounts
for the year ended 31 July 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 August 2023 3,712
Additions 699
At 31 July 2024 4,411
Depreciation
At 1 August 2023 1,812
Charge for the year 441
At 31 July 2024 2,253
Net book value
At 31 July 2024 2,158
At 31 July 2023 1,900
4 Debtors 2024 2023
£ £
Trade debtors 54,476 20,235
Other debtors - 20,000
54,476 40,235
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 48,063 44,130
Other creditors 708 708
48,771 44,838
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loan (114,682) 7,569
7 Pension commitments
The company contributed £40000 to a Pension Scheme.
8 Controlling party
The director is in full control of the company by virtue of them owning the majority of the issued share capital.
9 Other information
M H MEDICS LTD is a private company limited by shares and incorporated in England. Its registered office is:
12 CLARKE HALL COURT
WAKEFIELD
WEST YORKSHIRE
WF1 4FH
M H MEDICS LTD 10292903 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 DR MARIA HUSAIN No description of principal activity 10292903 2022-08-01 2023-07-31 10292903 core:WithinOneYear 2023-07-31 10292903 core:AfterOneYear 2023-07-31 10292903 core:ShareCapital 2023-07-31 10292903 core:RetainedEarningsAccumulatedLosses 2023-07-31 10292903 2023-08-01 2024-07-31 10292903 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10292903 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10292903 bus:Director40 2023-08-01 2024-07-31 10292903 1 2023-08-01 2024-07-31 10292903 2 2023-08-01 2024-07-31 10292903 core:PlantMachinery 2023-08-01 2024-07-31 10292903 countries:England 2023-08-01 2024-07-31 10292903 bus:FRS102 2023-08-01 2024-07-31 10292903 bus:FilletedAccounts 2023-08-01 2024-07-31 10292903 2024-07-31 10292903 core:WithinOneYear 2024-07-31 10292903 core:AfterOneYear 2024-07-31 10292903 core:ShareCapital 2024-07-31 10292903 core:RetainedEarningsAccumulatedLosses 2024-07-31 10292903 core:PlantMachinery 2024-07-31 10292903 2023-07-31 10292903 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure