29 August 2023 false No description of principal activity Taxfiler 2024.6 15101844business:PrivateLimitedCompanyLtd2023-08-292024-08-31 151018442023-08-28 151018442023-08-292024-08-31 15101844business:AuditExempt-NoAccountantsReport2023-08-292024-08-31 15101844business:FilletedAccounts2023-08-292024-08-31 151018442024-08-31 15101844business:Director22023-08-292024-08-31 15101844business:Director32023-08-292024-08-31 15101844business:Director42023-08-292024-08-31 15101844business:Director52023-08-292024-08-31 15101844business:Director62023-08-292024-08-31 15101844business:Director72023-08-292024-08-31 15101844business:RegisteredOffice2023-08-292024-08-31 15101844core:WithinOneYear2024-08-31 15101844core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 15101844core:SharePremiumcore:PreviouslyStatedAmount2024-08-31 15101844core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 15101844core:PreviouslyStatedAmount2024-08-31 15101844business:SmallEntities2023-08-292024-08-31 15101844countries:EnglandWales2023-08-292024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 15101844 (England and Wales)
PNDS Medical Ltd Unaudited accounts for the period from 29 August 2023 to 31 August 2024
PNDS Medical Ltd Unaudited accounts Contents
Page
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PNDS Medical Ltd Company Information for the period from 29 August 2023 to 31 August 2024
Directors
E Bernabei E T W Hutley I Jurewicz J A Lee J Marshall H K Tayton-Martin
Company Number
15101844 (England and Wales)
Registered Office
2a Connaught Avenue London E4 7AA England
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PNDS Medical Ltd Statement of financial position as at 31 August 2024
2024 
Notes
£ 
Current assets
Debtors
131,496 
Cash at bank and in hand
66,727 
198,223 
Creditors: amounts falling due within one year
(10,903)
Net current assets
187,320 
Net assets
187,320 
Capital and reserves
Called up share capital
1,785 
Share premium
514,260 
Profit and loss account
(328,725)
Shareholders' funds
187,320 
For the period 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by
E T W Hutley Director Company Registration No. 15101844
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PNDS Medical Ltd Notes to the Accounts for the period from 29 August 2023 to 31 August 2024
1
Statutory information
PNDS Medical Ltd is a private company, limited by shares, registered in England and Wales, registration number 15101844. The registered office is 2a Connaught Avenue, London, E4 7AA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have not had to make any judgements or key estimations.
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PNDS Medical Ltd Notes to the Accounts for the period from 29 August 2023 to 31 August 2024
4
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
3,919 
Deferred tax asset
107,310 
Accrued income and prepayments
267 
Other debtors
20,000 
131,496 
5
Creditors: amounts falling due within one year
2024 
£ 
VAT
581 
Trade creditors
3,243 
Loans from directors
279 
Accruals
6,800 
10,903 
6
Average number of employees
During the period the average number of employees was 2.
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