Medical Elite Recruitment And Practice S - Accounts to registrar (filleted)

REGISTERED NUMBER: 07345687 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Medical Elite Recruitment And Practice

Sales Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S J Humphrey

Mr L Moore

Mr P Wilkinson

Mr P A Kolodynski

REGISTERED OFFICE:

Suite 4 Bloxam Court

Corporation Street

Rugby

Warwickshire

CV21 2DU

REGISTERED NUMBER:

07345687 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Intangible assets

4

1,360

2,272

Tangible assets

5

28,614

41,199

Investments

6

340

30,314

43,811

CURRENT ASSETS

Debtors

7

3,330,675

3,330,829

CREDITORS

Amounts falling due within one year

8

(355,899

)

(525,604

)

NET CURRENT ASSETS

2,974,776

2,805,225

TOTAL ASSETS LESS CURRENT LIABILITIES

3,005,090

2,849,036

CREDITORS

Amounts falling due after more than one year

9

(29,167

)

(79,189

)

PROVISIONS FOR LIABILITIES

(6,123

)

(6,153

)

NET ASSETS

2,969,800

2,763,694

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,969,700

2,763,594

2,969,800

2,763,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

Mr L Moore - Director

1.	STATUTORY INFORMATION

Medical Elite Recruitment And Practice Sales Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Medical Elite Recruitment And Practice Sales Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

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

Intangible assets

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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.

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 20 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

106,011

AMORTISATION

At 1 April 2024

103,739

Charge for year

912

At 31 March 2025

104,651

NET BOOK VALUE

At 31 March 2025

1,360

At 31 March 2024

2,272

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

188,012

Additions

6,533

At 31 March 2025

194,545

DEPRECIATION

At 1 April 2024

146,813

Charge for year

19,118

At 31 March 2025

165,931

NET BOOK VALUE

At 31 March 2025

28,614

At 31 March 2024

41,199

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

340

NET BOOK VALUE

At 31 March 2025

340

At 31 March 2024

340

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

291,065

78,340

Amounts owed by group undertakings

508,973

346,180

Other debtors

2,530,637

2,906,309

3,330,675

3,330,829

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

105,025

114,122

Trade creditors

77,970

190,005

Amounts owed to group undertakings

-

18,013

Taxation and social security

73,184

69,072

Other creditors

99,720

134,392

355,899

525,604

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

29,167

79,189

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

Within one year

11,917

37,926

Between one and five years

10,805

41,677

22,722

79,603

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

79,167

129,203

The company's bank loan from Barclays Bank UK plc is secured by way of a fixed and floating charge on all the company's property and undertakings.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed money by and owed money to companies under common control. With the exception of Elite Prop Company Ltd & Nursery Elite Ltd, the balances are unsecured, interest free and repayable on demand. Interest on loans to Elite Prop Company Ltd & Nursery Elite Ltd was levied at 12% on the closing balance; the loans are unsecured & repayable on demand. At 31 March 2025 the balances owed by or to companies under common control were as follows:

Name of entity

,

Amount owed to

the company

Accountancy Elite Ltd

51,664

Elite Prop Company Ltd

432,894

Nursery Elite Ltd

1,071,664

Owen Froebel Ltd

457,309

Elite Shared Services Ltd

880,444

2,893,975

13.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.