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Company Registration No. 06897016 (England and Wales)
Medway Capital Limited Unaudited accounts for the year ended 31 May 2024
Medway Capital Limited Unaudited accounts Contents
Page
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Medway Capital Limited Company Information for the year ended 31 May 2024
Directors
Emal Ellepola Melville Strelley
Company Number
06897016 (England and Wales)
Registered Office
43 New Road Gravesend Kent DA11 0AB
Accountants
Elite Accountants (London) Limited 717 Green Lanes Winchmore Hill London N21 3RX
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Medway Capital Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
14,764 
15,440 
14,765 
15,441 
Current assets
Inventories
180,063 
163,142 
Debtors
14,063 
28,262 
Cash at bank and in hand
88,360 
22,372 
282,486 
213,776 
Creditors: amounts falling due within one year
(150,625)
(144,076)
Net current assets
131,861 
69,700 
Total assets less current liabilities
146,626 
85,141 
Creditors: amounts falling due after more than one year
(14,996)
(35,000)
Net assets
131,630 
50,141 
Capital and reserves
Called up share capital
60 
60 
Capital redemption reserve
30 
30 
Profit and loss account
131,540 
50,051 
Shareholders' funds
131,630 
50,141 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 3 February 2025 and were signed on its behalf by
Emal Ellepola Director Company Registration No. 06897016
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Medway Capital Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Medway Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 06897016. The registered office is 43 New Road, Gravesend, Kent, DA11 0AB.
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.
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:
Plant & machinery
25% reducing balance.
Fixtures & fittings
25% reducing balance.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 June 2023
19,950 
At 31 May 2024
19,950 
Amortisation
At 1 June 2023
19,949 
At 31 May 2024
19,949 
Net book value
At 31 May 2024
1 
At 31 May 2023
1 
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Medway Capital Limited Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2023
89,336 
Additions
4,245 
At 31 May 2024
93,581 
Depreciation
At 1 June 2023
73,896 
Charge for the year
4,921 
At 31 May 2024
78,817 
Net book value
At 31 May 2024
14,764 
At 31 May 2023
15,440 
6
Average number of employees
During the year the average number of employees was 10 (2023: 6).
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