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REGISTERED NUMBER: SC624922 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

ACCN Medical LTD

ACCN Medical LTD (Registered number: SC624922)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACCN Medical LTD

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Andy Chin
Ms Cheryl-Lyn Ng
Naomi Chin





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC624922 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

ACCN Medical LTD (Registered number: SC624922)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 29,757 33,304

CURRENT ASSETS
Debtors 5 8,330 11,726
Cash at bank 229,957 140,315
238,287 152,041
CREDITORS
Amounts falling due within one year 6 87,924 59,453
NET CURRENT ASSETS 150,363 92,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,120

125,892

PROVISIONS FOR LIABILITIES 7 7,439 6,328
NET ASSETS 172,681 119,564

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 172,581 119,464
SHAREHOLDERS' FUNDS 172,681 119,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

ACCN Medical LTD (Registered number: SC624922)

Balance Sheet - continued
31 March 2025


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 5 June 2025 and were signed on its behalf by:





Andy Chin - Director


ACCN Medical LTD (Registered number: SC624922)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

ACCN Medical LTD is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 15% on reducing balance
Computer equipment - 33.33% on cost

Financial instruments
Basic financial instruments, including 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 administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ACCN Medical LTD (Registered number: SC624922)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 37,975 4,715 42,690
Additions - 3,060 3,060
At 31 March 2025 37,975 7,775 45,750
DEPRECIATION
At 1 April 2024 5,696 3,690 9,386
Charge for year 4,842 1,765 6,607
At 31 March 2025 10,538 5,455 15,993
NET BOOK VALUE
At 31 March 2025 27,437 2,320 29,757
At 31 March 2024 32,279 1,025 33,304

ACCN Medical LTD (Registered number: SC624922)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 8,330 10,726
Other debtors - 1,000
8,330 11,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 26,905 15,263
Other creditors 61,019 44,190
87,924 59,453

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 7,439 6,328

Deferred
tax
£   
Balance at 1 April 2024 6,328
Provided during year 1,111
Balance at 31 March 2025 7,439

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is Cheryl-Lyn Ng.