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REGISTERED NUMBER: 10779968 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Med Stop Limited

Med Stop Limited (Registered number: 10779968)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Med Stop Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: S S Rakhra
A S Rakhra
Mrs P K Rakhra





REGISTERED OFFICE: 43 Camp Road
Gerrards Cross
Buckinghamshire
SL9 7PG





REGISTERED NUMBER: 10779968 (England and Wales)





ACCOUNTANTS: Business Ledger Limited
Chartered Certified Accountants
3 Waterside Drive
Langley
Berkshire
SL3 6EZ

Med Stop Limited (Registered number: 10779968)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,719,494 1,795,978
Tangible assets 5 181,159 232,565
1,900,653 2,028,543

CURRENT ASSETS
Stocks 154,526 143,352
Debtors 6 219,450 228,715
Cash at bank and in hand 125,927 172,408
499,903 544,475
CREDITORS
Amounts falling due within one year 7 323,467 397,670
NET CURRENT ASSETS 176,436 146,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,077,089

2,175,348

CREDITORS
Amounts falling due after more than one
year

8

(1,120,314

)

(1,242,937

)

PROVISIONS FOR LIABILITIES (51,800 ) (25,037 )
NET ASSETS 904,975 907,374

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 904,875 907,274
904,975 907,374

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.

Med Stop Limited (Registered number: 10779968)

Balance Sheet - continued
31 May 2024


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 24 February 2025 and were signed on its behalf by:





A S Rakhra - Director


Med Stop Limited (Registered number: 10779968)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Med Stop 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill comprises of goodwill on acquisition in 2017 and on a new acquisition during the year. All goodwill is being amortised evenly over 25 years from date of acquisition.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Med Stop Limited (Registered number: 10779968)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 17 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 1,912,091
AMORTISATION
At 1 June 2023 116,113
Charge for year 76,484
At 31 May 2024 192,597
NET BOOK VALUE
At 31 May 2024 1,719,494
At 31 May 2023 1,795,978

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 307,719
Additions 7,509
At 31 May 2024 315,228
DEPRECIATION
At 1 June 2023 75,154
Charge for year 58,915
At 31 May 2024 134,069
NET BOOK VALUE
At 31 May 2024 181,159
At 31 May 2023 232,565

Med Stop Limited (Registered number: 10779968)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 141,767 137,911
Other debtors 77,683 90,804
219,450 228,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 44,695 39,118
Hire purchase contracts 25,000 25,200
Trade creditors 220,481 283,949
Taxation and social security 4,356 34,334
Other creditors 28,935 15,069
323,467 397,670

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 901,572 946,275
Hire purchase contracts 77,592 100,000
Other creditors 141,150 196,662
1,120,314 1,242,937

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 721,572 785,715

9. RELATED PARTY DISCLOSURES

At the year end, the company owed £141,150 (2023 - £196,662) to companies under the common control of two of the directors. The loans are interest free and do not have fixed dates for repayments.

The directors have provided personal guarantees in aggregate of £1,015,000 (2023 - £1,015,000) to the bank on behalf of the company.