Company Registration No. SC689000 (Scotland)
MEDCLINE LTD
Unaudited accounts
for the year ended 28 February 2023
MEDCLINE LTD
Unaudited accounts
Contents
MEDCLINE LTD
Company Information
for the year ended 28 February 2023
Company Number
SC689000 (Scotland)
Registered Office
23 NORTH GYLE LOAN
EDINBURGH
EH12 8JJ
SCOTLAND
Accountants
CM Accountants
142A FERRY ROAD
EDINBURGH
EH6 4NX
MEDCLINE LTD
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
4,599
2,162
Creditors: amounts falling due within one year
(6,525)
(5,373)
Net current liabilities
(1,926)
(3,211)
Total assets less current liabilities
13,790
(3,211)
Creditors: amounts falling due after more than one year
(16,122)
-
Net liabilities
(2,332)
(3,211)
Called up share capital
100
100
Profit and loss account
(2,432)
(3,311)
Shareholders' funds
(2,332)
(3,211)
For the year ending 28 February 2023 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 24 April 2023 and were signed on its behalf by
Yasir Abbas
Director
Company Registration No. SC689000
MEDCLINE LTD
Notes to the Accounts
for the year ended 28 February 2023
MEDCLINE LTD is a private company, limited by shares, registered in Scotland, registration number SC689000. The registered office is 23 NORTH GYLE LOAN, EDINBURGH, EH12 8JJ, SCOTLAND.
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
18% Straight Line Basis
4
Tangible fixed assets
Motor vehicles
At 28 February 2023
19,166
At 28 February 2023
15,716
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,796
-
Loans from directors
896
5,629
MEDCLINE LTD
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
16,122
-
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
