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South West Medical Limited
Registered Number:04086162
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
South West Medical Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04086162
As at 31 October 2024
South West Medical Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
5,676
14,208
2
5,676
14,208
Current assets
Inventories
150,070
186,912
3
Trade and other receivables
86,534
43,931
4
182,303
Cash and cash equivalents
43,277
274,120
418,907
Trade and other payables: amounts falling due within one
year
(249,403)
(91,432)
5
169,504
182,688
Net current assets
Total assets less current liabilities
188,364
183,712
Trade and other payables: amounts falling due after more
than one year
(2,244)
(429)
6
187,935
Net assets
181,468
Capital and reserves
Called up share capital
20
20
Retained earnings
187,915
181,448
187,935
181,468
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Edmund Lawson Bennett Director
These financial statements were approved and authorised for issue by the Board on 18 July 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2024
South West Medical Limited
Notes to the Financial Statements
Statutory Information
South West Medical Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04086162.
Registered address:
Channel Court
8 Hill Road
Clevedon
England
BS21 7NE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01 November
2023
97,397
30,222
18,016
25,789
20,339
3,031
At 31 October
2024
3,031
25,789
18,016
30,222
97,397
20,339
Provision for depreciation and impairment
At 01 November
2023
83,189
29,038
14,388
20,967
17,583
1,213
Charge for year
8,532
537
1,649
4,822
918
606
At 31 October
2024
91,721
29,575
16,037
25,789
18,501
1,819
At 31 October
2024
Net book value
1,212
1,838
-
1,979
647
5,676
1,818
2,756
4,822
3,628
1,184
14,208
At 31 October
2023
3. Inventories
2023
2024
£
£
Stocks
186,912
150,070
Stock is valued at the lower of cost and net realisable value.
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5
For the year ended 31 October 2024
South West Medical Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
32,279
66,898
Other debtors
11,652
19,636
86,534
43,931
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
40,448
157,462
Taxation and social security
47,134
81,786
Other creditors
3,850
10,155
91,432
249,403
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
429
2,244
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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