Company Registration No. 03920303 (England and Wales)
F.T. MEDCALF (2000) LIMITED
Unaudited accounts
for the year ended 31 March 2023
F.T. MEDCALF (2000) LIMITED
Unaudited accounts
Contents
F.T. MEDCALF (2000) LIMITED
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
87
10,205
Creditors: amounts falling due within one year
(23,846)
(17,095)
Net current (liabilities)/assets
(10,061)
11,761
Total assets less current liabilities
(10,061)
11,761
Creditors: amounts falling due after more than one year
(22,353)
(21,394)
Net liabilities
(32,414)
(9,633)
Called up share capital
100
100
Profit and loss account
(32,514)
(9,733)
Shareholders' funds
(32,414)
(9,633)
For the year ending 31 March 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 19 December 2023 and were signed on its behalf by
Kevin Robert De'ath
Director
Company Registration No. 03920303
F.T. MEDCALF (2000) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
F.T. MEDCALF (2000) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03920303. The registered office is Unit 9, Radio Lane, Dagenham, Essex, RM8 2GU, 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:
Computer equipment
33.33% straight line basis
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
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.
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.
The company is a going concern. The company is funded and supported by long term shareholders.
F.T. MEDCALF (2000) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
9,198
11,442
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,812
5,259
Trade creditors
5,531
5,653
Taxes and social security
(36)
(583)
Loans from directors
7,345
4,199
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The Company is controlled by the directors by virtue of their shareholdings.
F.T. MEDCALF (2000) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
10
Average number of employees
During the year the average number of employees was 3 (2022: 2).
