Registration number:
Medport London Limited
for the Period from 30 January 2020 to 31 January 2021
Medport London Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Medport London Limited
Company Information
Directors |
Mr M A Rutherford Mr MA Hedley Mr R E Haworth |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Medport London Limited
for the Period Ended 31 January 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Medport London Limited for the period ended 31 January 2021 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance
This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Medport London Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.
It is your duty to ensure that Medport London Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Medport London Limited. You consider that Medport London Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Medport London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
Kirkcaldy
Fife
KY1 1HB
Medport London Limited
(Registration number: 12432954)
Balance Sheet as at 31 January 2021
Note |
2021 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
1 |
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Profit and loss account |
(42,770) |
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Shareholders' deficit |
(42,769) |
For the financial period ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
Medport London Limited
Notes to the Unaudited Financial Statements for the Period from 30 January 2020 to 31 January 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared under the historical cost convention.
The presentation currency is sterling.
Going concern
In its first period of trading the company made a loss of £42,770 and had net liabilities of £42,769. The financial statements have been prepared on the going concern basis. The directors considers this appropriate as the company expects to meet its day to day commitments from working capital and existing financial arrangements as they fall due, with the their, and related companies' financial support.
Revenue recognition
Turnover represents the total value, excluding VAT, of revenue earned during the period from management consultancy.
Foreign currency transactions and balances
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Medport London Limited
Notes to the Unaudited Financial Statements for the Period from 30 January 2020 to 31 January 2021
Debtors |
2021 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
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Due within one year |
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Loans and borrowings from related parties |
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Trade creditors |
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Social security and other taxes |
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Accruals |
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Director's loan |
13,481 |
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Director's loan and loans from related companies are interest free and have no repayment dates.
Share capital |
Allotted, called up and fully paid shares
2021 |
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No. |
£ |
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1 |