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Company Registration No. 09942175 (England and Wales)
MEDICAL ARTIST LIMITED Unaudited accounts for the period from 1 February 2024 to 31 December 2024
MEDICAL ARTIST LIMITED Unaudited accounts Contents
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MEDICAL ARTIST LIMITED Company Information for the period from 1 February 2024 to 31 December 2024
Directors
Timothy Richard Butler Joanna Julia Anne Butler
Company Number
09942175 (England and Wales)
Registered Office
30 Sunvale Avenue Haslemere Surrey GU27 1PJ England
Accountants
SM Accounts Ltd Unit 47H Passfield Business Centre Lynchborough Road Passfield GU30 7SB
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MEDICAL ARTIST LIMITED Statement of financial position as at 31 December 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
18 
Tangible assets
833 
851 
Current assets
Debtors
1,921 
Cash at bank and in hand
18,845 
20,766 
Creditors: amounts falling due within one year
(9,044)
Net current assets
11,722 
Net assets
12,573 
Capital and reserves
Called up share capital
2 
Profit and loss account
12,571 
Shareholders' funds
12,573 
For the period ending 31 December 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 26 May 2025 and were signed on its behalf by
Timothy Richard Butler Director Company Registration No. 09942175
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MEDICAL ARTIST LIMITED Notes to the Accounts for the period from 1 February 2024 to 31 December 2024
1
Statutory information
MEDICAL ARTIST LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09942175. The registered office is 30 Sunvale Avenue, Haslemere, Surrey, GU27 1PJ, 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 remained unchanged from the previous period, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on Cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 10% on Cost
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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MEDICAL ARTIST LIMITED Notes to the Accounts for the period from 1 February 2024 to 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2024
170 
At 31 December 2024
170 
Amortisation
At 1 February 2024
136 
Charge for the period
16 
At 31 December 2024
152 
Net book value
At 31 December 2024
18 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2024
2,700 
4,238 
6,938 
At 31 December 2024
2,700 
4,238 
6,938 
Depreciation
At 1 February 2024
1,620 
4,238 
5,858 
Charge for the period
247 
- 
247 
At 31 December 2024
1,867 
4,238 
6,105 
Net book value
At 31 December 2024
833 
- 
833 
6
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
1,733 
Accrued income and prepayments
188 
1,921 
7
Creditors: amounts falling due within one year
2024 
£ 
VAT
248 
Taxes and social security
4,170 
Loans from directors
4,326 
Accruals
300 
9,044 
8
Average number of employees
During the period the average number of employees was 0.
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