Company Registration No. 02573600 (England and Wales)
Medserve Limited
Unaudited accounts
for the year ended 30 April 2024
Medserve Limited
Unaudited accounts
Contents
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
Medserve Limited
Statement of financial position
as at 30 April 2024
Tangible assets
1,792
2,007
Cash at bank and in hand
9,134
68,031
Creditors: amounts falling due within one year
(45,312)
(99,053)
Net current assets
20,170
42,062
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
Medserve Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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 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.
Medserve Limited
Notes to the Accounts
for the year ended 30 April 2024
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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
At 30 April 2024
10,342
10,476
20,818
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
At 30 April 2024
314
1,478
1,792
At 30 April 2023
463
1,544
2,007
Amounts falling due within one year
Trade debtors
42,346
61,489
Accrued income and prepayments
6,130
3,325
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
38,346
85,336
Taxes and social security
190
2,929
Loans from directors
3,974
8,162
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Average number of employees
During the year the average number of employees was 2 (2023: 2).