Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Dr I Hamilton 02/08/2017 Mrs C Hamilton 02/08/2017 01 April 2025 The principal activity of the Company during the financial year is that of the provision of medical services. 10896521 2024-08-31 10896521 bus:Director1 2024-08-31 10896521 bus:Director2 2024-08-31 10896521 2023-08-31 10896521 core:CurrentFinancialInstruments 2024-08-31 10896521 core:CurrentFinancialInstruments 2023-08-31 10896521 core:ShareCapital 2024-08-31 10896521 core:ShareCapital 2023-08-31 10896521 core:RetainedEarningsAccumulatedLosses 2024-08-31 10896521 core:RetainedEarningsAccumulatedLosses 2023-08-31 10896521 core:OtherPropertyPlantEquipment 2023-08-31 10896521 core:OtherPropertyPlantEquipment 2024-08-31 10896521 bus:OrdinaryShareClass1 2024-08-31 10896521 bus:OrdinaryShareClass2 2024-08-31 10896521 bus:OrdinaryShareClass3 2024-08-31 10896521 bus:OrdinaryShareClass4 2024-08-31 10896521 2023-09-01 2024-08-31 10896521 bus:FilletedAccounts 2023-09-01 2024-08-31 10896521 bus:SmallEntities 2023-09-01 2024-08-31 10896521 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10896521 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10896521 bus:Director1 2023-09-01 2024-08-31 10896521 bus:Director2 2023-09-01 2024-08-31 10896521 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 10896521 2022-09-01 2023-08-31 10896521 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10896521 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 10896521 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 10896521 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 10896521 bus:OrdinaryShareClass3 2023-09-01 2024-08-31 10896521 bus:OrdinaryShareClass3 2022-09-01 2023-08-31 10896521 bus:OrdinaryShareClass4 2023-09-01 2024-08-31 10896521 bus:OrdinaryShareClass4 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10896521 (England and Wales)

HAMILTON MEDICAL SERVICES LTD

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

HAMILTON MEDICAL SERVICES LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

HAMILTON MEDICAL SERVICES LTD

BALANCE SHEET

As at 31 August 2024
HAMILTON MEDICAL SERVICES LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 142 213
142 213
Current assets
Debtors 4 9,837 1,667
Cash at bank and in hand 3,641 13,014
13,478 14,681
Creditors: amounts falling due within one year 5 ( 4,598) ( 7,759)
Net current assets 8,880 6,922
Total assets less current liabilities 9,022 7,135
Net assets 9,022 7,135
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 9,020 7,133
Total shareholders' funds 9,022 7,135

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Hamilton Medical Services Ltd (registered number: 10896521) were approved and authorised for issue by the Board of Directors on 01 April 2025. They were signed on its behalf by:

Dr I Hamilton
Director
HAMILTON MEDICAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
HAMILTON MEDICAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hamilton Medical Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Douglas Road, Harpenden, AL5 2EN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as and when they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 September 2023 1,469 1,469
At 31 August 2024 1,469 1,469
Accumulated depreciation
At 01 September 2023 1,256 1,256
Charge for the financial year 71 71
At 31 August 2024 1,327 1,327
Net book value
At 31 August 2024 142 142
At 31 August 2023 213 213

4. Debtors

2024 2023
£ £
Trade debtors 405 1,667
Other debtors 9,432 0
9,837 1,667

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 2,798 3,189
Other creditors 1,800 4,570
4,598 7,759

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
20 Ordinary A shares of £ 0.01 each 0.20 0.20
60 Ordinary B shares of £ 0.01 each 0.60 0.60
60 Ordinary C shares of £ 0.01 each 0.60 0.60
60 Ordinary D shares of £ 0.01 each 0.60 0.60
2.00 2.00

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Directors Loan Account 9,432 0

During the year the Company advanced £23,000 to the directors (2023 - £8,000), of which £10,559 was repaid (2023 - £10,174). Interest was charged on this amount at the official HMRC rate and the balance is repayable on demand. The balance owed to the company at 31 August 2024 is £9,432 (2023- £3,010).