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REGISTERED NUMBER: 08198092 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

EUROPEAN MEDICAL GROUP LIMITED

EUROPEAN MEDICAL GROUP LIMITED (REGISTERED NUMBER: 08198092)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EUROPEAN MEDICAL GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr S J Gore
Ms C A S Gore


REGISTERED OFFICE: 88 Wood Street
London
EC2V 7RS


REGISTERED NUMBER: 08198092 (England and Wales)


SENIOR STATUTORY
AUDITOR:
Nicholas Hume FCA


AUDITORS: Xeinadin Audit Ltd
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH


ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
WATFORD
Hertfordshire
WD18 9SB

EUROPEAN MEDICAL GROUP LIMITED (REGISTERED NUMBER: 08198092)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,110 15,450

CURRENT ASSETS
Debtors 5 4,626,641 3,907,984
Cash at bank 2,016,471 1,259,206
6,643,112 5,167,190
CREDITORS
Amounts falling due within one
year

6

5,927,141

4,849,674
NET CURRENT ASSETS 715,971 317,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

730,081

332,966

CREDITORS
Amounts falling due after more
than one year

7

(110,929

)

(300,989

)

PROVISIONS FOR LIABILITIES (3,528 ) (3,863 )
NET ASSETS 615,624 28,114

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 615,524 28,014
SHAREHOLDERS' FUNDS 615,624 28,114

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 27th June 2025 and were signed on its behalf by:





Mr S J Gore - Director


EUROPEAN MEDICAL GROUP LIMITED (REGISTERED NUMBER: 08198092)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

European Medical Group 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
The directors recognise revenue over the course of service delivery, allocating revenue based on milestones achieved.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.3% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 86 (2023 - 72 ) .

EUROPEAN MEDICAL GROUP LIMITED (REGISTERED NUMBER: 08198092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2024 24,826 65,341 90,167
Additions 604 8,662 9,266
At 31st December 2024 25,430 74,003 99,433
DEPRECIATION
At 1st January 2024 16,308 58,409 74,717
Charge for year 2,241 8,365 10,606
At 31st December 2024 18,549 66,774 85,323
NET BOOK VALUE
At 31st December 2024 6,881 7,229 14,110
At 31st December 2023 8,518 6,932 15,450

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 1,362,406 1,036,729
Other debtors 218,949 473,927
Gorely Group Limited 247,748 -
Prepayments and accrued income 2,797,538 2,397,328
4,626,641 3,907,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 190,000 190,000
Trade creditors 240,049 379,626
Corporation tax 529,781 64,892
Social security and other taxes 128,151 140,966
VAT 146,338 7,885
Credit card balances 25,381 71,480
Pension contributions payable 23,139 22,808
Accruals and deferred income 4,644,302 3,972,017
5,927,141 4,849,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans for more than one year 110,929 300,989

EUROPEAN MEDICAL GROUP LIMITED (REGISTERED NUMBER: 08198092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

8. LEASING AGREEMENTS
The company had total commitments under operating leases not provided for in the financial statements totalling £178,554 (2023 - £421,309).

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 300,929 490,989

The bank loan is secured by way of fixed and floating charge over the assets of the company.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nicholas Hume FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Ltd