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Company Registration No. 03331414 (England and Wales)
MAX DRAKE MEDICAL HERBALIST LTD Unaudited accounts for the year ended 30 June 2024
MAX DRAKE MEDICAL HERBALIST LTD Unaudited accounts Contents
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MAX DRAKE MEDICAL HERBALIST LTD Company Information for the year ended 30 June 2024
Director
Max Drake
Company Number
03331414 (England and Wales)
Registered Office
36 St. Fagans Street Cardiff South Glamorgan CF11 7LH Wales
Accountants
Belvedere Chartered Accountants The Old Forge 136 Long Ashton Road Bristol BS41 9LS
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MAX DRAKE MEDICAL HERBALIST LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
572 
1,311 
Current assets
Inventories
1,000 
2,400 
Cash at bank and in hand
3,521 
16,362 
4,521 
18,762 
Creditors: amounts falling due within one year
(600)
(1,800)
Net current assets
3,921 
16,962 
Net assets
4,493 
18,273 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
4,492 
18,272 
Shareholders' funds
4,493 
18,273 
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 director acknowledges his 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 and authorised for issue on 18 March 2025 and were signed on its behalf by
Max Drake Director Company Registration No. 03331414
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MAX DRAKE MEDICAL HERBALIST LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MAX DRAKE MEDICAL HERBALIST LTD is a private company, limited by shares, registered in England and Wales, registration number 03331414. The registered office is 36 St. Fagans Street, Cardiff, South Glamorgan, CF11 7LH, Wales.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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% Straight Line
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MAX DRAKE MEDICAL HERBALIST LTD Notes to the Accounts for the year ended 30 June 2024
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Government grant income
Government grants in relation to expenditure are credited to other income when the expenditure is charged to profit and loss
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
13,372 
At 30 June 2024
13,372 
Depreciation
At 1 July 2023
12,061 
Charge for the year
739 
At 30 June 2024
12,800 
Net book value
At 30 June 2024
572 
At 30 June 2023
1,311 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
300 
300 
Proposed dividends
- 
1,000 
Accruals
300 
500 
600 
1,800 
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MAX DRAKE MEDICAL HERBALIST LTD Notes to the Accounts for the year ended 30 June 2024
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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