Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11982806 Mr Danilo Miskovic Dr Alice Miskovic iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11982806 2023-05-31 11982806 2024-05-31 11982806 2023-06-01 2024-05-31 11982806 frs-core:CurrentFinancialInstruments 2024-05-31 11982806 frs-core:ComputerEquipment 2024-05-31 11982806 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11982806 frs-core:ComputerEquipment 2023-05-31 11982806 frs-core:FurnitureFittings 2024-05-31 11982806 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11982806 frs-core:FurnitureFittings 2023-05-31 11982806 frs-core:MotorVehicles 2024-05-31 11982806 frs-core:MotorVehicles 2023-06-01 2024-05-31 11982806 frs-core:MotorVehicles 2023-05-31 11982806 frs-core:ShareCapital 2024-05-31 11982806 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11982806 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11982806 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11982806 frs-bus:SmallEntities 2023-06-01 2024-05-31 11982806 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11982806 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11982806 frs-core:UnlistedNon-exchangeTraded 2024-05-31 11982806 frs-core:UnlistedNon-exchangeTraded 2023-05-31 11982806 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 11982806 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 11982806 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 11982806 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 11982806 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 11982806 frs-bus:Director1 2023-06-01 2024-05-31 11982806 frs-bus:Director1 2023-05-31 11982806 frs-bus:Director1 2024-05-31 11982806 frs-bus:Director2 2023-06-01 2024-05-31 11982806 frs-countries:EnglandWales 2023-06-01 2024-05-31 11982806 2022-05-31 11982806 2023-05-31 11982806 2022-06-01 2023-05-31 11982806 frs-core:CurrentFinancialInstruments 2023-05-31 11982806 frs-core:ShareCapital 2023-05-31 11982806 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11982806
Miskovic Medical Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Sharpe Medical Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11982806
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,084 40,170
Investments 5 135,078 120,000
178,162 160,170
CURRENT ASSETS
Debtors 6 31,650 18,344
Cash at bank and in hand 108,802 127,633
140,452 145,977
Creditors: Amounts Falling Due Within One Year 7 (52,573 ) (31,783 )
NET CURRENT ASSETS (LIABILITIES) 87,879 114,194
TOTAL ASSETS LESS CURRENT LIABILITIES 266,041 274,364
NET ASSETS 266,041 274,364
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 265,841 274,164
SHAREHOLDERS' FUNDS 266,041 274,364
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For the year ending 31 May 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
Mr Danilo Miskovic
Director
Dr Alice Miskovic
Director
14/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Miskovic Medical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11982806 . The registered office is Normanby Gateway, Lysaghts Way, Scunthorpe, North Lincolnshire, DN15 9YG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised when a company gains entitlement to receive income from a third party.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 10% Straight Line
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 20% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 49,569 - 4,704 54,273
Additions - 6,658 3,202 9,860
As at 31 May 2024 49,569 6,658 7,906 64,133
Depreciation
As at 1 June 2023 11,979 - 2,124 14,103
Provided during the period 4,957 560 1,429 6,946
As at 31 May 2024 16,936 560 3,553 21,049
Net Book Value
As at 31 May 2024 32,633 6,098 4,353 43,084
As at 1 June 2023 37,590 - 2,580 40,170
5. Investments
Unlisted
£
Cost
As at 1 June 2023 120,000
Revaluations 15,078
As at 31 May 2024 135,078
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 135,078
As at 1 June 2023 120,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,384 15,762
Other debtors 266 2,582
31,650 18,344
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,419 1,339
Taxation and social security 51,154 30,444
52,573 31,783
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Danilo Miskovic 2,322 - 2,322 - -
The above loan is unsecured, interest free and repayable on demand.
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