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REGISTERED NUMBER: 09151817 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Mediservices Healthcare Ltd

Mediservices Healthcare Ltd (Registered number: 09151817)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mediservices Healthcare Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R M Pinnell
A Siziba
A J Fowle





REGISTERED OFFICE: Unit 2
Greenlands Business Centre
Studley Road
Redditch
B98 7HD





REGISTERED NUMBER: 09151817 (England and Wales)





ACCOUNTANTS: TAG Accountants Group Limited
Unit 8, Pendeford Place
Pendeford Business Park
Wobaston Road
Wolverhampton
WV9 5HD

Mediservices Healthcare Ltd (Registered number: 09151817)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439,191 302,632

CURRENT ASSETS
Stocks 33,759 28,320
Debtors 5 959,621 817,003
Cash at bank 379,556 459,848
1,372,936 1,305,171
CREDITORS
Amounts falling due within one year 6 499,970 684,267
NET CURRENT ASSETS 872,966 620,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,312,157

923,536

CREDITORS
Amounts falling due after more than one
year

7

(162,692

)

(129,943

)

PROVISIONS FOR LIABILITIES (109,798 ) (75,658 )
NET ASSETS 1,039,667 717,935

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 1,039,566 717,834
SHAREHOLDERS' FUNDS 1,039,667 717,935

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





A Siziba - Director


Mediservices Healthcare Ltd (Registered number: 09151817)

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

1. STATUTORY INFORMATION

Mediservices Healthcare Ltd 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.
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.

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 25 (2023 - 22 ) .

Mediservices Healthcare Ltd (Registered number: 09151817)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2024 428,769 67,693 496,462
Additions 235,276 9,562 244,838
At 31 December 2024 664,045 77,255 741,300
DEPRECIATION
At 1 January 2024 154,307 39,523 193,830
Charge for year 100,757 7,522 108,279
At 31 December 2024 255,064 47,045 302,109
NET BOOK VALUE
At 31 December 2024 408,981 30,210 439,191
At 31 December 2023 274,462 28,170 302,632

Included within the net book value of £439,191 is £115,710 (2023: £98,670) relating to assets held
under hire purchase agreements.

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 762,229 738,532
Amounts owed by group undertakings - 31,000
Other debtors 196,892 46,671
959,121 816,203

Amounts falling due after more than one year:
Other debtors 500 800

Aggregate amounts 959,621 817,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 262,487 408,491
Taxation and social security 119,394 141,318
Other creditors 118,089 134,458
499,970 684,267

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 162,692 129,943

Mediservices Healthcare Ltd (Registered number: 09151817)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 39,199 39,199
Between one and five years 28,325 67,524
67,524 106,723

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100
1 A Ordinary 1 1 1
101 101

10. RELATED PARTY DISCLOSURES



Entities with joint
control or significant
influence
2024 £
At start of period 30,000
Advanced 20,000
Repaid -
At end of period 50,000


Entities with joint
control or significant
influence
2023 £
At start of period -
Advanced 30,000
Repaid -
At end of period 30,000


Terms of loans to related parties

These amounts have been advanced on an interest free basis, there are no fixed repayment terms for the loan facility provided to these related parties.