IRIS Accounts Production v24.3.2.46 04451562 Board of Directors 1.6.23 31.5.24 31.5.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044515622023-05-31044515622024-05-31044515622023-06-012024-05-31044515622022-05-31044515622022-06-012023-05-31044515622023-05-3104451562ns15:EnglandWales2023-06-012024-05-3104451562ns14:PoundSterling2023-06-012024-05-3104451562ns10:Director12023-06-012024-05-3104451562ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104451562ns10:SmallEntities2023-06-012024-05-3104451562ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3104451562ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104451562ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104451562ns10:FullAccounts2023-06-012024-05-3104451562ns10:Director22023-06-012024-05-3104451562ns10:Director32023-06-012024-05-3104451562ns10:CompanySecretary12023-06-012024-05-3104451562ns10:RegisteredOffice2023-06-012024-05-3104451562ns5:CurrentFinancialInstruments2024-05-3104451562ns5:CurrentFinancialInstruments2023-05-3104451562ns5:ShareCapital2024-05-3104451562ns5:ShareCapital2023-05-3104451562ns5:RetainedEarningsAccumulatedLosses2024-05-3104451562ns5:RetainedEarningsAccumulatedLosses2023-05-3104451562ns5:LeaseholdImprovements2023-06-012024-05-3104451562ns5:PlantMachinery2023-06-012024-05-3104451562ns5:FurnitureFittings2023-06-012024-05-3104451562ns5:ComputerEquipment2023-06-012024-05-3104451562ns5:LeaseholdImprovements2023-05-3104451562ns5:PlantMachinery2023-05-3104451562ns5:FurnitureFittings2023-05-3104451562ns5:ComputerEquipment2023-05-3104451562ns5:LeaseholdImprovements2024-05-3104451562ns5:PlantMachinery2024-05-3104451562ns5:FurnitureFittings2024-05-3104451562ns5:ComputerEquipment2024-05-3104451562ns5:LeaseholdImprovements2023-05-3104451562ns5:PlantMachinery2023-05-3104451562ns5:FurnitureFittings2023-05-3104451562ns5:ComputerEquipment2023-05-3104451562ns5:CostValuation2023-05-3104451562ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3104451562ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 04451562 (England and Wales)















MEDIZEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






MEDIZEN LIMITED (REGISTERED NUMBER: 04451562)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4 to 5


MEDIZEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A L Eccleston
D B Eccleston
L Eccleston





SECRETARY:





REGISTERED OFFICE: Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG





REGISTERED NUMBER: 04451562 (England and Wales)





ACCOUNTANTS: Four Oaks Taxation & Accounting Services Limited
Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG

MEDIZEN LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
MEDIZEN LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Four Oaks Taxation & Accounting Services Limited
Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG


30 September 2024

MEDIZEN LIMITED (REGISTERED NUMBER: 04451562)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,631 36,494
Investments 5 100 100
28,731 36,594

CURRENT ASSETS
Stocks 30,213 24,490
Debtors 6 248,380 259,089
Cash in hand 300 300
278,893 283,879
CREDITORS
Amounts falling due within one year 7 280,637 322,608
NET CURRENT LIABILITIES (1,744 ) (38,729 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,987

(2,135

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,887 (2,235 )
SHAREHOLDERS' FUNDS 26,987 (2,135 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





A L Eccleston - Director


MEDIZEN LIMITED (REGISTERED NUMBER: 04451562)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Medizen Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover
Turnover represents the fees received from treatments carried out in the accounting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 14 ) .

MEDIZEN LIMITED (REGISTERED NUMBER: 04451562)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 58,307 173,145 36,196 21,996 289,644
Additions - 2,975 - - 2,975
At 31 May 2024 58,307 176,120 36,196 21,996 292,619
DEPRECIATION
At 1 June 2023 58,307 149,176 25,947 19,720 253,150
Charge for year - 6,736 2,880 1,222 10,838
At 31 May 2024 58,307 155,912 28,827 20,942 263,988
NET BOOK VALUE
At 31 May 2024 - 20,208 7,369 1,054 28,631
At 31 May 2023 - 23,969 10,249 2,276 36,494

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,443 47,626
Amounts owed by group undertakings 203,157 185,057
Other debtors 32,780 26,406
248,380 259,089

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,043 42,575
Trade creditors 138,450 206,312
Taxation and social security 6,999 6,852
Other creditors 110,145 66,869
280,637 322,608