QLF Medical Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11256980 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

QLF MEDICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R A E Clayton

Mrs G S Clayton

REGISTERED OFFICE:

28a The Hundred

Romsey

Hampshire

SO51 8BW

REGISTERED NUMBER:

11256980 (England and Wales)

ACCOUNTANTS:

Kumar Associates

Chartered Certified Accountants

28a The Hundred

Romsey

Hampshire

SO51 8BW

FIXED ASSETS

Investments

4

5,000

5,000

CURRENT ASSETS

Debtors

5

59,795

13,523

Cash at bank

885,131

740,691

944,926

754,214

CREDITORS

Amounts falling due within one year

6

97,518

96,724

NET CURRENT ASSETS

847,408

657,490

TOTAL ASSETS LESS CURRENT LIABILITIES

852,408

662,490

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

852,258

662,340

SHAREHOLDERS' FUNDS

852,408

662,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2024 and were signed on its behalf by:

Mr R A E Clayton - Director

1.	STATUTORY INFORMATION

QLF Medical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2023

and 31 March 2024

5,000

NET BOOK VALUE

At 31 March 2024

5,000

At 31 March 2023

5,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

29,795

13,523

Other debtors

30,000

-

59,795

13,523

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

69,157

59,549

Other creditors

28,361

37,175

97,518

96,724