Curian Medical Limited

Curian Medical Limited

CURIAN MEDICAL LTD - Company Information

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1 January 2023 false No description of principal activity Taxfiler 2024.1 07721150business:PrivateLimitedCompanyLtd2023-01-012023-12-31 077211502022-12-31 077211502023-01-012023-12-31 07721150business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 07721150business:FilletedAccounts2023-01-012023-12-31 077211502023-12-31 07721150business:Director12023-01-012023-12-31 07721150business:Director22023-01-012023-12-31 07721150business:RegisteredOffice2023-01-012023-12-31 077211502022-12-31 07721150core:WithinOneYear2023-12-31 07721150core:WithinOneYear2022-12-31 07721150core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 07721150core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 07721150core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 07721150core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07721150core:PreviouslyStatedAmount2023-12-31 07721150core:PreviouslyStatedAmount2022-12-31 07721150business:SmallEntities2023-01-012023-12-31 07721150countries:EnglandWales2023-01-012023-12-31 07721150core:PlantMachinery2023-01-012023-12-31 07721150core:OtherPropertyPlantEquipment2023-01-012023-12-31 07721150core:PlantMachinery2022-12-31 07721150core:PlantMachinery2023-12-31 077211502022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07721150 (England and Wales)
Curian Medical Limited Unaudited accounts for the year ended 31 December 2023
Curian Medical Limited Unaudited accounts Contents
Page
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Curian Medical Limited Company Information for the year ended 31 December 2023
Directors
I Curbishley R L Haynes
Company Number
07721150 (England and Wales)
Registered Office
6-11 RILEY STREET WILLENHALL WEST MIDLANDS WV13 1RH ENGLAND
Accountants
Reconcile Accountants 59 Nicholas Road Streetly Sutton Coldfield West Midlands B74 3QR
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Curian Medical Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
49,619 
35,822 
Current assets
Debtors
5
607,430 
603,326 
Cash at bank and in hand
207,721 
420,097 
815,151 
1,023,423 
Creditors: amounts falling due within one year
6
(235,111)
(300,868)
Net current assets
580,040 
722,555 
Total assets less current liabilities
629,659 
758,377 
Provisions for liabilities
Deferred tax
(9,428)
(6,806)
Net assets
620,231 
751,571 
Capital and reserves
Called up share capital
2,500 
2,500 
Profit and loss account
617,731 
749,071 
Shareholders' funds
620,231 
751,571 
For the year ending 31 December 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 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 19 March 2024 and were signed on its behalf by
I Curbishley Director Company Registration No. 07721150
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Curian Medical Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Curian Medical Limited is a private company, limited by shares, registered in England and Wales, registration number 07721150. The registered office is 6-11 RILEY STREET, WILLENHALL, WEST MIDLANDS, WV13 1RH, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
10-50% on cost
Other tangible fixed assets
20% on cost
Deferred taxation
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.
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Curian Medical Limited Notes to the Accounts for the year ended 31 December 2023
Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is revaluation decrease. Provisions Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. Employee Benefits The company provides a range of benefits to employees, including annual bonus arrangements and defined contribution pension plans. i. Short term benefits Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received. ii. Defined contribution pension plans The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Debtors and creditors receivable/payable within one year. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Cash and Cash Equivalents Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with an insignificant risk of change in value.
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Curian Medical Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
84,567 
Additions
31,107 
At 31 December 2023
115,674 
Depreciation
At 1 January 2023
48,745 
Charge for the year
17,310 
At 31 December 2023
66,055 
Net book value
At 31 December 2023
49,619 
At 31 December 2022
35,822 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
587,800 
587,864 
Amounts due from group undertakings etc.
14,830 
10,662 
Other debtors
4,800 
4,800 
607,430 
603,326 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
152,026 
210,817 
Taxes and social security
36,515 
44,531 
Other creditors
46,570 
45,520 
235,111 
300,868 
7
Average number of employees
During the year the average number of employees was 17 (2022: 19).
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