Company Registration No. 04336790 (England and Wales)
Medserve (South West) Ltd
Unaudited accounts
for the year ended 31 December 2021
Medserve (South West) Ltd
Unaudited accounts
Contents
Medserve (South West) Ltd
Company Information
for the year ended 31 December 2021
Directors
Mr Steven Ackerman
Mrs Amy Ackerman
Company Number
04336790 (England and Wales)
Registered Office
Unit B1, The Old Brewery
Lodway
Pill
Bristol
BS20 0DH
Medserve (South West) Ltd
Statement of financial position
as at 31 December 2021
Cash at bank and in hand
6,330
2,411
Creditors: amounts falling due within one year
(197,851)
(164,543)
Net current assets
101,767
113,526
Total assets less current liabilities
101,791
114,625
Creditors: amounts falling due after more than one year
(61,980)
(82,581)
Provisions for liabilities
Called up share capital
282
282
Profit and loss account
39,525
31,251
Shareholders' funds
39,807
31,533
For the year ending 31 December 2021 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 30 June 2022 and were signed on its behalf by
Mrs Amy Ackerman
Director
Company Registration No. 04336790
Medserve (South West) Ltd
Notes to the Accounts
for the year ended 31 December 2021
Medserve (South West) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04336790. The registered office is Unit B1, The Old Brewery, Lodway, Pill, Bristol, BS20 0DH.
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.
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.
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:
Fixtures & fittings
20% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Expenditure on research and development is written off in the year in which it is incurred.
Medserve (South West) Ltd
Notes to the Accounts
for the year ended 31 December 2021
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.
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2021
30,109
At 31 December 2021
30,085
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
95,103
79,760
Accrued income and prepayments
2,261
-
Other debtors
189,073
189,073
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Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
15,000
55,018
Trade creditors
42,889
35,985
Taxes and social security
45,629
52,039
Other creditors
63,934
18,241
Loans from directors
259
860
The factoring account balance of £44,107.67 (£52,904 - 2017) is secured.
7
Creditors: amounts falling due after more than one year
2021
2020
Medserve (South West) Ltd
Notes to the Accounts
for the year ended 31 December 2021
The ultimate controlling party is R.P.P. MEDICAL SERVICES LIMITED.
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Average number of employees
During the year the average number of employees was 6 (2020: 5).
