Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10894475 Mr Nishaan Amin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10894475 2023-08-31 10894475 2024-08-31 10894475 2023-09-01 2024-08-31 10894475 frs-core:Non-currentFinancialInstruments 2024-08-31 10894475 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10894475 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 10894475 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10894475 frs-core:NetGoodwill 2023-09-01 2024-08-31 10894475 frs-core:MotorVehicles 2023-09-01 2024-08-31 10894475 frs-core:ShareCapital 2024-08-31 10894475 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10894475 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10894475 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 10894475 frs-bus:SmallEntities 2023-09-01 2024-08-31 10894475 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10894475 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10894475 frs-core:AdditionsToInvestments 2024-08-31 10894475 frs-core:CostValuation 2024-08-31 10894475 frs-bus:Director1 2023-09-01 2024-08-31 10894475 frs-countries:EnglandWales 2023-09-01 2024-08-31 10894475 2022-08-31 10894475 2023-08-31 10894475 2022-09-01 2023-08-31 10894475 frs-core:Non-currentFinancialInstruments 2023-08-31 10894475 frs-core:ShareCapital 2023-08-31 10894475 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10894475
Medscheck Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 10894475
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,343,271 2,480,063
Tangible Assets 5 159,714 177,667
Investments 6 1 -
2,502,986 2,657,730
CURRENT ASSETS
Stocks 210,419 189,250
Debtors 917,377 580,600
Cash at bank and in hand 199,203 5,160
1,326,999 775,010
Creditors: Amounts Falling Due Within One Year (1,599,294 ) (1,788,867 )
NET CURRENT ASSETS (LIABILITIES) (272,295 ) (1,013,857 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,230,691 1,643,873
Creditors: Amounts Falling Due After More Than One Year (2,473,595 ) (1,860,752 )
NET LIABILITIES (242,904 ) (216,879 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (242,905 ) (216,880 )
SHAREHOLDERS' FUNDS (242,904) (216,879)
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Nishaan Amin
Director
14/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Medscheck Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10894475 . The registered office is 135 Brockhurst Road, Gosport, PO12 3AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised over its estimated economic life of 20 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Director has decided not to amortise other intangible assets as its value is trivial.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 25% straight line
Director has decided not to provide any depreciation on lease hold property.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
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2.7. 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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Preparation of consolidated financial statements
The financial statements contain information about Medscheck Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2023: 30)
34 30
4. Intangible Assets
Total
£
Cost
As at 1 September 2023 2,735,842
As at 31 August 2024 2,735,842
Amortisation
As at 1 September 2023 255,779
Provided during the period 136,792
As at 31 August 2024 392,571
...CONTINUED
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Net Book Value
As at 31 August 2024 2,343,271
As at 1 September 2023 2,480,063
5. Tangible Assets
Total
£
Cost
As at 1 September 2023 249,636
Additions 47,376
As at 31 August 2024 297,012
Depreciation
As at 1 September 2023 71,969
Provided during the period 65,329
As at 31 August 2024 137,298
Net Book Value
As at 31 August 2024 159,714
As at 1 September 2023 177,667
6. Investments
Total
£
Cost
As at 1 September 2023 -
Additions 1
As at 31 August 2024 1
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 1
As at 1 September 2023 -
Medscheck Ltd holds 100% sharecapital of LP SD ONE HUNDRED SEVEN LIMITED.
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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