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REGISTERED NUMBER: 08199790 (England and Wales)










VARMA MEDICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






VARMA MEDICAL LIMITED (REGISTERED NUMBER: 08199790)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VARMA MEDICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Dr K Varma
Dr M C Varma





REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 08199790 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

VARMA MEDICAL LIMITED (REGISTERED NUMBER: 08199790)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,886 5,182

CURRENT ASSETS
Debtors 5 21,871 21,952
Cash at bank and in hand 2,426 393
24,297 22,345
CREDITORS
Amounts falling due within one year 6 (30,214 ) (27,569 )
NET CURRENT LIABILITIES (5,917 ) (5,224 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,031

)

(42

)

CREDITORS
Amounts falling due after more than one
year

7

(12,891

)

(11,014

)

PROVISIONS FOR LIABILITIES (738 ) (985 )
NET LIABILITIES (15,660 ) (12,041 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (15,662 ) (12,043 )
SHAREHOLDERS' FUNDS (15,660 ) (12,041 )

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

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

VARMA MEDICAL LIMITED (REGISTERED NUMBER: 08199790)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by:




Dr K Varma - Director



Dr M C Varma - Director


VARMA MEDICAL LIMITED (REGISTERED NUMBER: 08199790)

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

1. STATUTORY INFORMATION

Varma 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.

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.

Turnover represents amounts invoiced in respect of services provided, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office furniture - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

VARMA MEDICAL LIMITED (REGISTERED NUMBER: 08199790)

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

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery furniture Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 19,977 4,972 24,949
DEPRECIATION
At 1 January 2024 16,147 3,620 19,767
Charge for year 958 338 1,296
At 31 December 2024 17,105 3,958 21,063
NET BOOK VALUE
At 31 December 2024 2,872 1,014 3,886
At 31 December 2023 3,830 1,352 5,182

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 21,871 21,952

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 8) 3,174 8,203
Taxation and social security - (595 )
Other creditors 27,040 19,961
30,214 27,569

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 8) 12,891 11,014

8. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,174 8,203

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,174 8,203

VARMA MEDICAL LIMITED (REGISTERED NUMBER: 08199790)

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

8. LOANS - continued
31.12.24 31.12.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 9,717 2,811

Bank loan represents Bounce Back Loan and is unsecured.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 'A' Ordinary share £1 1 1
1 'B' Ordinary share £1 1 1
2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Dr K Varma
Balance outstanding at start of year 21,952 33,856
Amounts advanced 650 1,980
Amounts repaid (731 ) (13,884 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,871 21,952

Interest was charged at HMRC official rate on the above loan and it was repaid in full after the balance sheet date.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Dr K & Dr M Varma.