Registered number
08663296
MEDICALPORT LIMITED
Filleted Accounts
29 August 2024
MEDICALPORT LIMITED
Registered number: 08663296
Balance Sheet
as at 29 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 24,625 27,940
Current assets
Stocks 547,723 570,923
Debtors 4 62,263 34,736
Cash at bank and in hand 12,488 18,960
622,474 624,619
Creditors: amounts falling due within one year 5 (292,908) (327,533)
Net current assets 329,566 297,086
Total assets less current liabilities 354,191 325,026
Creditors: amounts falling due after more than one year 6 (39,135) (35,285)
Provisions for liabilities (700) (800)
Net assets 314,356 288,941
Capital and reserves
Called up share capital 90,791 90,791
Profit and loss account 223,565 198,150
Shareholder's funds 314,356 288,941
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
C Rose
Director
Approved by the board on 28 May 2025
MEDICALPORT LIMITED
Notes to the Accounts
for the year ended 29 August 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 from sales of cars is recognised when delivery to the customer has been completed, and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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:
Portakabin 10% straight line basis
Improvements to leasehold premises 10% straight line basis
Plant and machinery 25% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are ecognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.
Leased assets
Tangible fixed assets acquired under finance lease or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 30 August 2023 27,300 4,005 31,305
Additions - 299 299
At 29 August 2024 27,300 4,304 31,604
Depreciation
At 30 August 2023 2,594 771 3,365
Charge for the year 2,730 884 3,614
At 29 August 2024 5,324 1,655 6,979
Net book value
At 29 August 2024 21,976 2,649 24,625
At 29 August 2023 24,706 3,234 27,940
4 Debtors 2024 2023
£ £
Trade debtors 33,295 23,295
Director's loan account 26,635 9,108
Other debtors 2,333 2,333
62,263 34,736
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 5,316 5,260
Stock funding 65,340 136,717
Other loans 33,100 13,700
Trade creditors 100,980 101,134
Taxation and social security costs 85,765 67,927
Other creditors 2,407 2,795
292,908 327,533
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,468 35,285
Other loan 6,667 -
39,135 35,285
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 10,344 12,885
8 Transactions with director 2024 2023
£ £
The following transactions were undertaken with a director of the
company during the year:
Advances to the director during the year 76,138 63,108
Repayment of advances during the year (58,611) (54,000)
The loan is unsecured and repayable on demand. Interest is charged at the Revenue's rate for beneficial loan arrangements.
9 Other information
MEDICALPORT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
23/25 Bastock Road
Sheffield
S6 2AE
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