Company Registration No. 10632486 (England and Wales)
MyMedic Limited
Unaudited accounts
for the year ended 28 February 2025
MyMedic Limited
Unaudited accounts
Contents
MyMedic Limited
Company Information
for the year ended 28 February 2025
Directors
Mr G Bennett
Mr R Gorringe
Mr D Jessop
Company Number
10632486 (England and Wales)
Registered Office
GRESLEY HOUSE
TEN POUND WALK
DONCASTER
DN4 5HX
UNITED KINGDOM
Accountants
Westlands Chartered Accountants
McMillan House
6 Wolfreton Drive
Anlaby
East Riding of Yorkshire
HU10 7BY
MyMedic Limited
Statement of financial position
as at 28 February 2025
Intangible assets
131,623
148,689
Tangible assets
798
18,966
Cash at bank and in hand
10,999
38,844
Creditors: amounts falling due within one year
(147,134)
(129,634)
Net current assets
42,542
39,281
Total assets less current liabilities
174,963
206,936
Creditors: amounts falling due after more than one year
(50,174)
(89,355)
Net assets
124,789
117,581
Called up share capital
200
200
Share premium
11,802
11,802
Profit and loss account
112,787
105,579
Shareholders' funds
124,789
117,581
For the year ending 28 February 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by
Mr R Gorringe
Director
Company Registration No. 10632486
MyMedic Limited
Notes to the Accounts
for the year ended 28 February 2025
MyMedic Limited is a private company, limited by shares, registered in England and Wales, registration number 10632486. The registered office is GRESLEY HOUSE, TEN POUND WALK, DONCASTER, DN4 5HX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on cost
Fixtures & fittings
15% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost, the asset is currently being built and therefore, not amortised.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
MyMedic Limited
Notes to the Accounts
for the year ended 28 February 2025
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Intangible fixed assets
Other
At 28 February 2025
268,568
Charge for the year
34,162
At 28 February 2025
136,945
At 28 February 2025
131,623
At 29 February 2024
148,689
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2024
38,649
3,010
41,659
Additions
(38,649)
592
(38,057)
At 28 February 2025
-
3,602
3,602
At 1 March 2024
20,890
1,803
22,693
Charge for the year
3,293
1,001
4,294
Surplus on revaluation
(24,183)
-
(24,183)
At 28 February 2025
-
2,804
2,804
At 28 February 2025
-
798
798
At 29 February 2024
17,759
1,207
18,966
Amounts falling due within one year
Trade debtors
166,170
124,702
MyMedic Limited
Notes to the Accounts
for the year ended 28 February 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
20,856
67,928
Other creditors
126,278
61,706
8
Creditors: amounts falling due after more than one year
2025
2024
The company is under the control of Mr G Bennett and Mr R Gorringe, the directors and shareholders of the company, with no party having overall control.
10
Average number of employees
During the year the average number of employees was 11 (2024: 11).