Adventure Medical Limited 07196076 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of consultancy services, training and provision of cover to the medical profession. Digita Accounts Production Advanced 6.30.9574.0 true true 07196076 2023-09-01 2024-08-31 07196076 2024-08-31 07196076 bus:OrdinaryShareClass1 2024-08-31 07196076 core:RetainedEarningsAccumulatedLosses 2024-08-31 07196076 core:ShareCapital 2024-08-31 07196076 core:CurrentFinancialInstruments 2024-08-31 07196076 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07196076 core:Non-currentFinancialInstruments 2024-08-31 07196076 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 07196076 core:FurnitureFittingsToolsEquipment 2024-08-31 07196076 bus:SmallEntities 2023-09-01 2024-08-31 07196076 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07196076 bus:FilletedAccounts 2023-09-01 2024-08-31 07196076 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07196076 bus:RegisteredOffice 2023-09-01 2024-08-31 07196076 bus:Director1 2023-09-01 2024-08-31 07196076 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 07196076 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07196076 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 07196076 countries:EnglandWales 2023-09-01 2024-08-31 07196076 2023-08-31 07196076 core:FurnitureFittingsToolsEquipment 2023-08-31 07196076 2022-09-01 2023-08-31 07196076 2023-08-31 07196076 bus:OrdinaryShareClass1 2023-08-31 07196076 core:RetainedEarningsAccumulatedLosses 2023-08-31 07196076 core:ShareCapital 2023-08-31 07196076 core:CurrentFinancialInstruments 2023-08-31 07196076 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 07196076 core:Non-currentFinancialInstruments 2023-08-31 07196076 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 07196076 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07196076

Adventure Medical Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Adventure Medical Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Adventure Medical Limited

Registration number: 07196076

Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,559

2,022

Current assets

 

Debtors

6

2,262

5,884

Cash at bank and in hand

 

935

2,187

 

3,197

8,071

Creditors: Amounts falling due within one year

7

(4,107)

(4,469)

Net current (liabilities)/assets

 

(910)

3,602

Total assets less current liabilities

 

649

5,624

Creditors: Amounts falling due after more than one year

7

(2,024)

(3,911)

Provisions for liabilities

(296)

(506)

Net (liabilities)/assets

 

(1,671)

1,207

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(1,771)

1,107

Shareholders' (deficit)/funds

 

(1,671)

1,207



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

Adventure Medical Limited

Registration number: 07196076

Balance Sheet as at 31 August 2024 (continued)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 May 2025
 

K A Turner
Director

   
     

 

Adventure Medical Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Church Cottage
Middleton-by-Youlgrave
Bakewell
Derbyshire
DE45 1LS
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

At the end of the year the company had net liabilities. The continuation of the company's activities is dependent on the support of the director and company bankers. The financial statements have been prepared on the going concern basis on the understanding that the director and company bankers will continue to support the company.

 

Adventure Medical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% straight line

 

Adventure Medical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,487

1,277

 

Adventure Medical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

11,393

11,393

Additions

1,024

1,024

At 31 August 2024

12,417

12,417

Depreciation

At 1 September 2023

9,371

9,371

Charge for the year

1,487

1,487

At 31 August 2024

10,858

10,858

Carrying amount

At 31 August 2024

1,559

1,559

At 31 August 2023

2,022

2,022

6

Debtors

Current

2024
£

2023
£

Other debtors

2,262

5,884

 

2,262

5,884

The amounts owed to the company at the year-end in respect of the directors’ loans was £1,729 (2023 - £3,983) and was included in other debtors. The loan was interest free and it is company policy to charge interest on all overdrawn loan accounts at HM Revenue & Customs official rate of interest if greater than £10,000.

 

Adventure Medical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9

2,000

2,000

Trade creditors

 

13

-

Taxation and social security

 

398

852

Other creditors

 

1,696

1,617

 

4,107

4,469

Due after one year

 

Loans and borrowings

9

2,024

3,911

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

2,024

3,911

 

Adventure Medical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

2,024

3,911

2024
£

2023
£

Current loans and borrowings

Bank borrowings

2,000

2,000