DIRECT MEDICARE UK LIMITED - Filleted accounts

Registered number

09465194

DIRECT MEDICARE UK LIMITED

Filleted Accounts

31 May 2024

DIRECT MEDICARE UK LIMITED
Registered number:		09465194
Balance Sheet
as at 31 May 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		62,420			75,743

Current assets
Debtors	4	79,102			84,264
Cash at bank and in hand		13,384			83,418
		92,486			167,682

Creditors: amounts falling due within one year	5	(59,686)			(106,713)

Net current assets			32,800			60,969

Total assets less current liabilities			95,220			136,712

Creditors: amounts falling due after more than one year	6		(10,600)			(51,868)



Net assets			84,620			84,844

Capital and reserves
Called up share capital			100			100
Revaluation reserve	7		(986)			(986)
Profit and loss account			85,506			85,730

Shareholders' funds			84,620			84,844

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Akhtar Asim Rana
Director
Approved by the board on 26 May 2025

DIRECT MEDICARE UK LIMITED
Notes to the Accounts
for the year ended 31 May 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 15% reducing balance
	Office Equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			15		15


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2023	116,409		15,500		131,909
	At 31 May 2024	116,409		15,500		131,909

	Depreciation
	At 1 June 2023	48,254		7,912		56,166
	Charge for the year	10,223		3,100		13,323
	At 31 May 2024	58,477		11,012		69,489

	Net book value
	At 31 May 2024	57,932		4,488		62,420
	At 31 May 2023	68,155		7,588		75,743


4	Debtors			2024		2023
£					£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest			-		20,000
	Other debtors			79,102		64,264
				79,102		84,264


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			-		40,864
	Taxation and social security costs			58,486		64,409
	Other creditors			1,200		1,440
				59,686		106,713


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Other creditors			10,600		51,868


7	Revaluation reserve			2024		2023
£					£

	At 1 June 2023			(986)		(986)

	At 31 May 2024			(986)		(986)


8	Controlling party

	The directors control the company.


9	Other information

	DIRECT MEDICARE UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Office 15 Building 12,
	Tameside Business Park Windmill Lane,
	Denton,
	Manchester,
	M34 3QS