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REGISTERED NUMBER: 02794576 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

MEDEX DIRECT LIMITED

MEDEX DIRECT LIMITED (REGISTERED NUMBER: 02794576)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MEDEX DIRECT LIMITED

Company Information
for the Year Ended 28 February 2025







DIRECTOR: Mr S P Katz





REGISTERED OFFICE: 159 High Street
Barnet
Hertfordshire
EN5 5SU





REGISTERED NUMBER: 02794576 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

MEDEX DIRECT LIMITED (REGISTERED NUMBER: 02794576)

Abridged Balance Sheet
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 26,057 38,622

CURRENT ASSETS
Debtors 4,318 2,658
Cash at bank 15,641 26,944
19,959 29,602
CREDITORS
Amounts falling due within one year (226,186 ) (272,061 )
NET CURRENT LIABILITIES (206,227 ) (242,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(180,170

)

(203,837

)

CREDITORS
Amounts falling due after more than one
year

5

(38,134

)

(52,629

)
NET LIABILITIES (218,304 ) (256,466 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (218,404 ) (256,566 )
SHAREHOLDERS' FUNDS (218,304 ) (256,466 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





Mr S P Katz - Director


MEDEX DIRECT LIMITED (REGISTERED NUMBER: 02794576)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Medex Direct Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024
and 28 February 2025 90,366
DEPRECIATION
At 1 March 2024 51,744
Charge for year 12,565
At 28 February 2025 64,309
NET BOOK VALUE
At 28 February 2025 26,057
At 29 February 2024 38,622

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2025 2024
£    £   
Repayable by instalments
Bank loans >5 years 8,785 13,280