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REGISTERED NUMBER: 13551262 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Medical Protection Specialists Limited

Medical Protection Specialists Limited (Registered number: 13551262)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Medical Protection Specialists Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr P G M Smith
Mrs A E Joynes





REGISTERED OFFICE: 3B Lockheed Court
Stockton on Tees
TS18 3SH





REGISTERED NUMBER: 13551262 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Medical Protection Specialists Limited (Registered number: 13551262)

Balance Sheet
31 August 2024

31/8/24 31/8/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 540 281

CURRENT ASSETS
Debtors 5 19,044 -
Cash at bank 123,641 95,430
142,685 95,430
CREDITORS
Amounts falling due within one year 6 21,637 19,116
NET CURRENT ASSETS 121,048 76,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,588

76,595

PROVISIONS FOR LIABILITIES 103 53
NET ASSETS 121,485 76,542

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 121,475 76,532
121,485 76,542

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:



Mr P G M Smith - Director


Medical Protection Specialists Limited (Registered number: 13551262)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 2 (2023 - 2 ) .

Medical Protection Specialists Limited (Registered number: 13551262)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 September 2023 500
Additions 439
At 31 August 2024 939
DEPRECIATION
At 1 September 2023 219
Charge for year 180
At 31 August 2024 399
NET BOOK VALUE
At 31 August 2024 540
At 31 August 2023 281

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£ £
Other debtors 19,044 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£ £
Trade creditors 329 1,929
Taxation and social security 20,254 16,134
Other creditors 1,054 1,053
21,637 19,116

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31/8/24 31/8/23
£ £
Mr P G M Smith
Balance outstanding at start of year - -
Amounts advanced 19,045 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,045 -

Interest of 2.5% charged on loan