2023-10-012024-09-302024-09-30false10942132MEDINO ONLINE 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MEDINO ONLINE LTD

Registered Number
10942132
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

MEDINO ONLINE LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

BLOMKVIST, Henrik
ELFVERSSON, Lars
JAKOBSSON, Christian

Registered Address

Unit 5 Union Park Ouzel Industrial Estate
Grovebury Road
Leighton Buzzard
LU7 4ER

Registered Number

10942132 (England and Wales)
MEDINO ONLINE LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3277,391321,119
277,391321,119
Current assets
Stocks4240,464219,038
Debtors5259,706388,455
Cash at bank and on hand212,355901,180
712,5251,508,673
Creditors amounts falling due within one year6(540,783)(568,498)
Net current assets (liabilities)171,742940,175
Total assets less current liabilities449,1331,261,294
Net assets449,1331,261,294
Capital and reserves
Called up share capital2,7782,778
Share premium7,534,4787,534,478
Other reserves26,03826,038
Profit and loss account(7,114,161)(6,302,000)
Shareholders' funds449,1331,261,294
The financial statements were approved and authorised for issue by the Board of Directors on 16 June 2025, and are signed on its behalf by:
JAKOBSSON, Christian
Director
Registered Company No. 10942132
MEDINO ONLINE LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentation currency of the financial statements is Pound Sterling (£) and is rounded to the nearest £.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings10
Office Equipment5
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year1113
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 October 23321,93063,809385,739
At 30 September 24321,93063,809385,739
Depreciation and impairment
At 01 October 2340,24124,37964,620
Charge for year32,19311,53543,728
At 30 September 2472,43435,914108,348
Net book value
At 30 September 24249,49627,895277,391
At 30 September 23281,68939,430321,119
4.Stocks

2024

2023

££
Finished goods190,717215,705
Other stocks49,7473,333
Total240,464219,038
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables6,2673,434
Other debtors6,82788,620
Prepayments and accrued income72,934122,723
Total86,028214,777
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables506,402470,163
Bank borrowings and overdrafts5,22570,160
Taxation and social security12,50314,954
Other creditors1,6281,785
Accrued liabilities and deferred income15,02511,436
Total540,783568,498
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.
7.Off-balance sheet arrangements
Medino Online Ltd entered into a lease for a warehouse in the 2022 financial year. The lease is a non-cancellable operating lease for warehouse premises and expires in April 2027. Details of the arrangement can be found below: Rental Lease Within 1 year: £282,029 2-4 years: £446,545
8.Events after reporting date
In December 2024, Medino Online Ltd raised additional capital by way of issuance of shares, for a total subscription price of £499,955.