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Company registration number: 06204253







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


MEDI-PLINTH EQUIPMENT LIMITED






































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MEDI-PLINTH EQUIPMENT LIMITED
 


 
COMPANY INFORMATION


Director
R S Singh 




Company secretary
M J Miles



Registered number
06204253



Registered office
Blays Cottage
Blays Lane

Egham

TW20 0PB




Accountants
Menzies LLP
Chartered Accountants

2nd Floor, Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


MEDI-PLINTH EQUIPMENT LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


MEDI-PLINTH EQUIPMENT LIMITED
REGISTERED NUMBER:06204253



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
56,011
76,166

  
56,011
76,166

Current assets
  

Stocks
  
1,094,900
1,055,569

Debtors: amounts falling due within one year
 6 
1,191,721
1,135,978

Cash at bank and in hand
  
42,751
19,542

  
2,329,372
2,211,089

Creditors: amounts falling due within one year
 7 
(1,280,504)
(1,110,003)

Net current assets
  
 
 
1,048,868
 
 
1,101,086

Total assets less current liabilities
  
1,104,879
1,177,252

Creditors: amounts falling due after more than one year
 8 
(20,693)
(54,030)

  

Net assets
  
1,084,186
1,123,222

Page 1

 


MEDI-PLINTH EQUIPMENT LIMITED
REGISTERED NUMBER:06204253


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
1,000
1,000

Capital redemption reserve
  
10
10

Profit and loss account
  
1,083,176
1,122,212

  
1,084,186
1,123,222


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R S Singh
Director

Date: 30 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Medi-Plinth Equipment Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the company information page. The company's principal place of business is 7-11 Holywell Road, Ipswich, IP3 0DL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
Over 6 years
Motor vehicles
-
Over 4 years
Software costs
-
Over 4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2023 - 25).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
60,000



At 31 December 2024

60,000



Amortisation


At 1 January 2024
60,000



At 31 December 2024

60,000



Net book value



At 31 December 2024
-



At 31 December 2023
-



Page 5

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
-
60,192
37,098
97,290


Additions
5,000
-
-
5,000



At 31 December 2024

5,000
60,192
37,098
102,290



Depreciation


At 1 January 2024
-
18,810
2,314
21,124


Charge for the year on owned assets
833
15,048
9,274
25,155



At 31 December 2024

833
33,858
11,588
46,279



Net book value



At 31 December 2024
4,167
26,334
25,510
56,011



At 31 December 2023
-
41,382
34,784
76,166


6.


Debtors

2024
2023
£
£


Trade debtors
407,372
458,852

Other debtors
722,024
623,093

Prepayments and accrued income
62,325
54,033

1,191,721
1,135,978


Page 6

 


MEDI-PLINTH EQUIPMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
20,000
20,000

Trade creditors
289,035
260,527

Amounts owed to group undertakings
836,315
577,517

Corporation tax
16,745
71,479

Other taxation and social security
43,124
45,733

Obligations under finance lease and hire purchase contracts
13,338
12,359

Other creditors
55,147
116,973

Accruals and deferred income
6,800
5,415

1,280,504
1,110,003


The bank loans are secured by way of a fixed and floating charge over the company's assets.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,000
30,000

Net obligations under finance leases and hire purchase contracts
10,693
24,030

20,693
54,030


The bank loans are secured by way of a fixed and floating charge over the company's assets.


9.


Commitments under operating leases

The Company had commitments under non-cancellable operating leases of £27,000 (2023: £45,000) at the reporting date.

 
Page 7