Registered number
08219439
MEDICAL EXCHANGE LIMITED
Unaudited Filleted Accounts
31 December 2023
MEDICAL EXCHANGE LIMITED
Registered number: 08219439
Balance Sheet
as at 31 December 2023
Notes 31/12/23 30/9/23
£ £
Current assets
Debtors 3 - 277,770
Cash at bank and in hand 1,038 2,382
1,038 280,152
Creditors: amounts falling due within one year 4 (296,357) (316,081)
Net current liabilities (295,319) (35,929)
Total assets less current liabilities (295,319) (35,929)
Creditors: amounts falling due after more than one year 5 (16,666) (42,166)
Net liabilities (311,985) (78,095)
Capital and reserves
Called up share capital 102 102
Profit and loss account (312,087) (78,197)
Shareholder's funds (311,985) (78,095)
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 his 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.
…................................
MR TUGAY AKMAN
Director
Approved by the board on 11 June 2025
MEDICAL EXCHANGE LIMITED
Notes to the Accounts
for the period from 1 October 2023 to 31 December 2023
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. Turnover includes revenue earned from activities of employment placement agency services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/12/23 30/9/23
Number Number
Average number of persons employed by the company 1 6
3 Debtors 31/12/23 30/9/23
£ £
Other debtors - 277,770
4 Creditors: amounts falling due within one year 31/12/23 30/9/23
£ £
Bank loans and overdrafts 7,359 10,020
Taxation and social security costs 63,161 63,161
Other creditors 225,837 242,900
296,357 316,081
5 Creditors: amounts falling due after one year 31/12/23 30/9/23
£ £
Bank loans 16,666 16,666
Other creditors - 25,500
16,666 42,166
6 Other information
MEDICAL EXCHANGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
STUDIO 6
6 HORNSEY STREET
LONDON
N7 8GR
MEDICAL EXCHANGE LIMITED 08219439 false 2023-10-01 2023-12-31 2023-12-31 VT Final Accounts April 2025 MR TUGAY AKMAN No description of principal activity 08219439 2022-10-01 2023-09-30 08219439 core:WithinOneYear 2023-09-30 08219439 core:AfterOneYear 2023-09-30 08219439 core:ShareCapital 2023-09-30 08219439 core:RetainedEarningsAccumulatedLosses 2023-09-30 08219439 2023-10-01 2023-12-31 08219439 bus:PrivateLimitedCompanyLtd 2023-10-01 2023-12-31 08219439 bus:AuditExemptWithAccountantsReport 2023-10-01 2023-12-31 08219439 bus:Director40 2023-10-01 2023-12-31 08219439 1 2023-10-01 2023-12-31 08219439 2 2023-10-01 2023-12-31 08219439 countries:England 2023-10-01 2023-12-31 08219439 bus:FRS102 2023-10-01 2023-12-31 08219439 bus:FilletedAccounts 2023-10-01 2023-12-31 08219439 2023-12-31 08219439 core:WithinOneYear 2023-12-31 08219439 core:AfterOneYear 2023-12-31 08219439 core:ShareCapital 2023-12-31 08219439 core:RetainedEarningsAccumulatedLosses 2023-12-31 08219439 2023-09-30 iso4217:GBP xbrli:pure