Company Registration No. 09377104 (England and Wales)
Enferm Medical Ltd.
Unaudited accounts
for the year ended 31 December 2021
Enferm Medical Ltd.
Unaudited accounts
Contents
Enferm Medical Ltd.
Company Information
for the year ended 31 December 2021
Company Number
09377104 (England and Wales)
Registered Office
UNIT 19 WALKER AVENUE
WOLVERTON MILL
MILTON KEYNES
BUCKINGHAMSHIRE
MK12 5TW
ENGLAND
Accountants
Youtopia Solutions Ltd
Unit 4 Manor Farm Business Park
Cranfield Road
Newport Pagnell
Buckinghamshire
MK16 9JS
Enferm Medical Ltd.
Statement of financial position
as at 31 December 2021
Tangible assets
20,114
13,073
Debtors
1,646,552
1,086,237
Cash at bank and in hand
115,187
(679,667)
Creditors: amounts falling due within one year
(2,014,385)
(1,236,061)
Net current liabilities
(252,646)
(829,491)
Total assets less current liabilities
(232,532)
(816,418)
Creditors: amounts falling due after more than one year
(653,297)
(39,291)
Net liabilities
(885,829)
(855,709)
Called up share capital
100
100
Profit and loss account
(885,929)
(855,809)
Shareholders' funds
(885,829)
(855,709)
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 director acknowledges his 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 and authorised for issue on 16 March 2022 and were signed on its behalf by
J A Sprigg
Director
Company Registration No. 09377104
Enferm Medical Ltd.
Notes to the Accounts
for the year ended 31 December 2021
Enferm Medical Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09377104. The registered office is UNIT 19 WALKER AVENUE, WOLVERTON MILL, MILTON KEYNES, BUCKINGHAMSHIRE, MK12 5TW, ENGLAND.
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:
Plant & machinery
@20% Reducing Balance
Fixtures & fittings
@25% on Cost
Computer equipment
@33% on Cost
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable 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 or loss.
Enferm Medical 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.
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.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
5,460
584
16,106
22,150
Additions
-
167
10,227
10,394
At 31 December 2021
5,460
751
26,333
32,544
At 1 January 2021
3,101
560
5,416
9,077
Charge for the year
471
49
2,833
3,353
At 31 December 2021
3,572
609
8,249
12,430
At 31 December 2021
1,888
142
18,084
20,114
At 31 December 2020
2,359
24
10,690
13,073
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
1,613,863
1,062,166
Accrued income and prepayments
32,689
-
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
15,711
525,450
Trade creditors
417,282
433,545
Taxes and social security
36,224
(15,077)
Other creditors
1,256,622
32,097
Loans from directors
-
171,758
To finance its activity, the company operates a factoring facility. in 2021, as part of this agreement, the Company started to recognise the proceeds received from the factor (£1,239,380) as a liability within the Creditors: amounts falling due within one year. In 2020, the proceeds (£766,277) were recognised as a negative cash balance.
Enferm Medical Ltd.
Notes to the Accounts
for the year ended 31 December 2021
7
Creditors: amounts falling due after more than one year
2021
2020
Amounts owed to group undertakings and other participating interests
365,000
-
Loans from directors
141,146
-
The company is controlled by Enferm Medical Holdings Ltd by virtue of their beneficial shareholdings.
9
Average number of employees
During the year the average number of employees was 31 (2020: 15).
