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
MAX DRAKE MEDICAL HERBALIST LTD
Company Information
for the year ended 30 June 2024
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
MAX DRAKE MEDICAL HERBALIST LTD
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
3,521
16,362
Creditors: amounts falling due within one year
(600)
(1,800)
Net current assets
3,921
16,962
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
MAX DRAKE MEDICAL HERBALIST LTD
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
MAX DRAKE MEDICAL HERBALIST LTD
Notes to the Accounts
for the year ended 30 June 2024
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 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
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
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).