MSE Medical UK Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12417776 (England and Wales)

Unaudited Financial Statements

for the Period 21 January 2020 to 31 January 2021

for

MSE Medical UK Ltd

Previously known as

Medvision Group UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Rahman

REGISTERED OFFICE:

Unit C Anchor House

School Lane

Chandlers Ford

Eastleigh

SO53 4DY

REGISTERED NUMBER:

12417776 (England and Wales)

ACCOUNTANTS:

Arlington Accountants Limited

Unit C Anchor House

School Lane

Chandlers ford

Eastleigh

Hampshire

SO53 4DY

FIXED ASSETS

Tangible assets

4

5,592

CURRENT ASSETS

Debtors

5

18,860

Cash at bank

25,763

44,623

CREDITORS

Amounts falling due within one year

6

281,489

NET CURRENT LIABILITIES

(236,866

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(231,274

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(231,374

)

SHAREHOLDERS' FUNDS

(231,274

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 September 2021 and were signed by:

J Rahman - Director

1.	STATUTORY INFORMATION

MSE Medical UK 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.

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.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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.

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 period was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

7,183

At 31 January 2021

7,183

DEPRECIATION

Charge for period

1,591

At 31 January 2021

1,591

NET BOOK VALUE

At 31 January 2021

5,592

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

4,450

Other debtors

14,410

18,860

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

9,646

Amounts owed to group undertakings

270,826

Other creditors

1,017

281,489

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary

10p

100

1,000 Ordinary shares of 10p each were allotted and fully paid for cash at par during the period.

8.	ULTIMATE CONTROLLING PARTY

MSE Masterpiece of Simulation Engineering GMBH is considered the ultimate controlling party by virtue of its 100% holding in the issued shares of the reporting entity.