Folux Medical Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 13078057

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	-		1,667
Cash at bank and in hand		20,043		8,634

		20,043		10,301
Creditors: Amounts Falling Due Within One Year	5	(31,037 )		(28,203 )

NET CURRENT ASSETS (LIABILITIES)			(10,994 )		(17,902 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(10,994 )		(17,902 )

NET LIABILITIES			(10,994 )		(17,902 )

CAPITAL AND RESERVES
Called up share capital	6		200		200
Profit and Loss Account			(11,194 )		(18,102 )

SHAREHOLDERS' FUNDS			(10,994)		(17,902)

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr K Foley

Director

29/07/2025

The notes on page 2 form part of these financial statements.

1. General Information

Folux Medical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13078057 . The registered office is Gothic House, Barker Gate, Nottingham, NG1 1JU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	1,667

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	25,646	20,298
Accruals and deferred income	1,162	1,128
Directors' loan accounts	4,229	6,777

	31,037	28,203

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

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