Company Registration No. 04336790 (England and Wales)
Medserve (South West) Ltd
Unaudited accounts
for the year ended 31 December 2023
Medserve (South West) Ltd
Unaudited accounts
Contents
Medserve (South West) Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr Steven Ackerman
Mrs Amy Ackerman
Company Number
04336790 (England and Wales)
Registered Office
Unit B1, The Old Brewery
Lodway
Pill
Bristol
BS20 0DH
Medserve (South West) Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
12,054
437
Cash at bank and in hand
11,617
6,232
Creditors: amounts falling due within one year
(165,922)
(139,695)
Net current assets
130,599
137,116
Total assets less current liabilities
142,653
137,553
Creditors: amounts falling due after more than one year
(22,240)
(26,980)
Provisions for liabilities
Net assets
118,003
110,569
Called up share capital
282
282
Profit and loss account
117,721
110,287
Shareholders' funds
118,003
110,569
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 30 April 2024 and were signed on its behalf by
Mr Steven Ackerman
Director
Company Registration No. 04336790
Medserve (South West) Ltd
Notes to the Accounts
for the year ended 31 December 2023
Medserve (South West) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04336790. The registered office is Unit B1, The Old Brewery, Lodway, Pill, Bristol, BS20 0DH.
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:
Fixtures & fittings
20% Straight Line
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.
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.
Expenditure on research and development is written off in the year in which it is incurred.
Medserve (South West) Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
-
30,625
30,625
Additions
11,490
528
12,018
At 31 December 2023
11,490
31,153
42,643
At 1 January 2023
-
30,188
30,188
Charge for the year
192
209
401
At 31 December 2023
192
30,397
30,589
At 31 December 2023
11,298
756
12,054
At 31 December 2022
-
437
437
Amounts falling due within one year
Trade debtors
90,460
71,447
Accrued income and prepayments
2,261
2,261
Other debtors
189,072
189,073
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,467
25,000
Obligations under finance leases and hire purchase contracts
3,830
-
Trade creditors
28,483
34,956
Taxes and social security
41,722
42,152
Other creditors
69,601
22,604
Loans from directors
81
79
The factoring account balance of £44,107.67 (£52,904 - 2017) is secured.
Medserve (South West) Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,341
-
The ultimate controlling party is R.P.P. MEDICAL SERVICES LIMITED.
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
