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Company Registration No. 02573600 (England and Wales)
Medserve Limited Unaudited accounts for the year ended 30 April 2024
Medserve Limited Unaudited accounts Contents
Page
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Medserve Limited Company Information for the year ended 30 April 2024
Directors
Ruth Milner Sophie Milner
Company Number
02573600 (England and Wales)
Registered Office
Bragborough Hall Business Centre Welton Road Braunston Daventry Northamptonshire NN11 7JG England
Accountants
Master Accounting Limited The Stables, Ashley Court 32 Main Street, Ashley Market Harborough Leicestershire LE16 8HF
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Medserve Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,792 
2,007 
Current assets
Inventories
7,872 
8,270 
Debtors
48,476 
64,814 
Cash at bank and in hand
9,134 
68,031 
65,482 
141,115 
Creditors: amounts falling due within one year
(45,312)
(99,053)
Net current assets
20,170 
42,062 
Net assets
21,962 
44,069 
Capital and reserves
Called up share capital
6,510 
6,510 
Profit and loss account
15,452 
37,559 
Shareholders' funds
21,962 
44,069 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by
Ruth Milner Director Company Registration No. 02573600
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Medserve Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Medserve Limited is a private company, limited by shares, registered in England and Wales, registration number 02573600. The registered office is Bragborough Hall Business Centre, Welton Road, Braunston, Daventry, Northamptonshire, NN11 7JG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Medserve Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
10,342 
9,577 
19,919 
Additions
- 
899 
899 
At 30 April 2024
10,342 
10,476 
20,818 
Depreciation
At 1 May 2023
9,879 
8,033 
17,912 
Charge for the year
149 
965 
1,114 
At 30 April 2024
10,028 
8,998 
19,026 
Net book value
At 30 April 2024
314 
1,478 
1,792 
At 30 April 2023
463 
1,544 
2,007 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,346 
61,489 
Accrued income and prepayments
6,130 
3,325 
48,476 
64,814 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,463 
889 
Trade creditors
38,346 
85,336 
Taxes and social security
190 
2,929 
Other creditors
139 
257 
Loans from directors
3,974 
8,162 
Accruals
1,200 
1,480 
45,312 
99,053 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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