Medsontrack Limited - Filleted accounts

Registered number

07472475

Medsontrack Limited

Filleted Accounts

31 December 2024

Medsontrack Limited
Registered number:		07472475
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		1,297			-

Current assets
Debtors	5	36,324			32,109
Cash at bank and in hand		35,814			14,600
		72,138			46,709

Creditors: amounts falling due within one year	6	(50,615)			(8,334)

Net current assets			21,523			38,375

Net assets			22,820			38,375

Capital and reserves
Called up share capital			106			106
Profit and loss account			22,714			38,269

Shareholders' funds			22,820			38,375

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Simbler
Director
Approved by the board on 25 September 2025

Medsontrack Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		2		2


3	Intangible fixed assets				£
	Computer software:

	Cost
	At 1 January 2024				76,693
	At 31 December 2024				76,693

	Amortisation
	At 1 January 2024				76,693
	At 31 December 2024				76,693

	Net book value
	At 31 December 2024				-

	The intangible asset relates to computer software that has been amotised over 4 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				5,749
	Additions				1,730
	At 31 December 2024				7,479

	Depreciation
	At 1 January 2024				5,749
	Charge for the year				433
	At 31 December 2024				6,182

	Net book value
	At 31 December 2024				1,297


5	Debtors		2024		2023
£				£

	Trade debtors		36,324		30,309
	Other debtors		-		1,800
			36,324		32,109


6	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		1,550		4,137
	Taxation and social security costs		3,668		2,197
	Accruals		36,465		2,000
	Other creditors		8,932		-
			50,615		8,334

	Other creditors include £8,743 (2024: £Nil) due to Medsontrack Services Ltd, a company
	under common control.

7	Related party transactions

	Consultancy fees of £2,000 (2023:£24,000) were paid to Medsontrack Services Ltd a company under common control.


8	Other information

	Medsontrack Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Devonshire House
	582 Honeypot Lane
	Stanmore
	Middlesex
	HA7 1JS