Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07215572 Mrs J Davis Dr M Davis Mrs J Davis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07215572 2023-04-30 07215572 2024-04-30 07215572 2023-05-01 2024-04-30 07215572 frs-core:CurrentFinancialInstruments 2024-04-30 07215572 frs-core:ComputerEquipment 2024-04-30 07215572 frs-core:ComputerEquipment 2023-05-01 2024-04-30 07215572 frs-core:ComputerEquipment 2023-04-30 07215572 frs-core:PlantMachinery 2024-04-30 07215572 frs-core:PlantMachinery 2023-05-01 2024-04-30 07215572 frs-core:PlantMachinery 2023-04-30 07215572 frs-core:ShareCapital 2024-04-30 07215572 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07215572 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07215572 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07215572 frs-bus:SmallEntities 2023-05-01 2024-04-30 07215572 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07215572 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07215572 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 07215572 frs-bus:OrdinaryShareClass1 2024-04-30 07215572 frs-bus:Director1 2023-05-01 2024-04-30 07215572 frs-bus:Director2 2023-05-01 2024-04-30 07215572 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 07215572 frs-countries:EnglandWales 2023-05-01 2024-04-30 07215572 2022-04-30 07215572 2023-04-30 07215572 2022-05-01 2023-04-30 07215572 frs-core:CurrentFinancialInstruments 2023-04-30 07215572 frs-core:ShareCapital 2023-04-30 07215572 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 07215572 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 07215572
Millfield Medical Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07215572
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,000 1,334
1,000 1,334
CURRENT ASSETS
Debtors 5 7,468 1,915
Cash at bank and in hand 143,725 143,244
151,193 145,159
Creditors: Amounts Falling Due Within One Year 6 (7,756 ) (9,976 )
NET CURRENT ASSETS (LIABILITIES) 143,437 135,183
TOTAL ASSETS LESS CURRENT LIABILITIES 144,437 136,517
NET ASSETS 144,437 136,517
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 144,337 136,417
SHAREHOLDERS' FUNDS 144,437 136,517
Page 1
Page 2
For the year ending 30 April 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
Dr M Davis
Director
21 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Millfield Medical Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
When the outcome of a transaction can be estimated reliably, turnover from medical services is recognised by reference to the stage of completion at the balance sheet date.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery - 25% on reducing balance
Computer Equipment - 25% on reducing balance
2.4. Taxation
Taxation for the year comprises current and deferred tax.  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.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.5. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 2,385 1,362 3,747
As at 30 April 2024 2,385 1,362 3,747
Depreciation
As at 1 May 2023 1,413 1,000 2,413
Provided during the period 31 303 334
As at 30 April 2024 1,444 1,303 2,747
Net Book Value
As at 30 April 2024 941 59 1,000
As at 1 May 2023 972 362 1,334
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,263 1,718
Prepayments and accrued income 205 197
7,468 1,915
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,109 3,329
Accruals and deferred income 1,188 1,134
Directors' loan accounts 3,459 5,513
7,756 9,976
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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