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Company Registration No. 05687569 (England and Wales)
MDB Medical Services Limited Unaudited accounts for the year ended 30 June 2024
MDB Medical Services Limited Unaudited accounts Contents
Page
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MDB Medical Services Limited Company Information for the year ended 30 June 2024
Directors
Mrs Hannah Ruth Boyden Dr Miles David Boyden
Company Number
05687569 (England and Wales)
Registered Office
Building 6 30 Friern Park 30 Friern Park London N12 9DA United Kingdom
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MDB Medical Services Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
72,000 
96,000 
Tangible assets
1,879 
3,757 
73,879 
99,757 
Current assets
Debtors
134,238 
76,083 
Cash at bank and in hand
24,996 
34,692 
159,234 
110,775 
Creditors: amounts falling due within one year
(64,491)
(59,026)
Net current assets
94,743 
51,749 
Total assets less current liabilities
168,622 
151,506 
Provisions for liabilities
Deferred tax
(470)
(939)
Net assets
168,152 
150,567 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
168,052 
150,467 
Shareholders' funds
168,152 
150,567 
For the year ending 30 June 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 10 February 2025 and were signed on its behalf by
Dr Miles David Boyden Director Company Registration No. 05687569
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MDB Medical Services Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MDB Medical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05687569. The registered office is Building 6 30 Friern Park, 30 Friern Park, London, N12 9DA, United Kingdom.
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
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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MDB Medical Services Limited Notes to the Accounts for the year ended 30 June 2024
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible assets are amortised over their expected useful life.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
120,000 
At 30 June 2024
120,000 
Amortisation
At 1 July 2023
24,000 
Charge for the year
24,000 
At 30 June 2024
48,000 
Net book value
At 30 June 2024
72,000 
At 30 June 2023
96,000 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
10,785 
At 30 June 2024
10,785 
Depreciation
At 1 July 2023
7,028 
Charge for the year
1,878 
At 30 June 2024
8,906 
Net book value
At 30 June 2024
1,879 
At 30 June 2023
3,757 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,355 
21,474 
Accrued income and prepayments
1,868 
- 
Other debtors
121,015 
54,609 
134,238 
76,083 
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MDB Medical Services Limited Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
60,177 
56,164 
Accruals
4,314 
2,862 
64,491 
59,026 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dr Miles David Boyden
Directors loan
49,812 
116,406 
50,000 
116,218 
49,812 
116,406 
50,000 
116,218 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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