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Registered number: 06651130
Medical Education Solutions Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06651130
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,510 7,550
Investment Properties 6 351,010 351,010
356,520 358,560
CURRENT ASSETS
Debtors 7 - 818
Cash at bank and in hand 236,360 290,260
236,360 291,078
Creditors: Amounts Falling Due Within One Year 8 (10,263 ) (18,042 )
NET CURRENT ASSETS (LIABILITIES) 226,097 273,036
TOTAL ASSETS LESS CURRENT LIABILITIES 582,617 631,596
NET ASSETS 582,617 631,596
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 582,517 631,496
SHAREHOLDERS' FUNDS 582,617 631,596
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr I Heslop
Director
22nd August 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Medical Education Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06651130 . The registered office is Monks Ridge, Burrows Lane, Gomshall, Surrey, GU5 9QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been fully amortised over its estimated useful life of three years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Computer Equipment 33% on cost
2.6. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
2.8. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 4)
1 4
Page 2
Page 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 14,063
As at 31 December 2024 14,063
Amortisation
As at 1 January 2024 14,063
As at 31 December 2024 14,063
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 32,665 612 33,277
As at 31 December 2024 32,665 612 33,277
Depreciation
As at 1 January 2024 25,318 409 25,727
Provided during the period 1,837 203 2,040
As at 31 December 2024 27,155 612 27,767
Net Book Value
As at 31 December 2024 5,510 - 5,510
As at 1 January 2024 7,347 203 7,550
6. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 351,010
7. Debtors
2024 2023
£ £
Due within one year
Other debtors - 818
Page 3
Page 4
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 17
Other creditors 9,652 10,539
Taxation and social security 611 7,486
10,263 18,042
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4