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REGISTERED NUMBER: 06225395 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Medical Graphics UK Ltd

Medical Graphics UK Ltd (Registered number: 06225395)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Medical Graphics UK Ltd

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | Mrs A J Chapman

| REGISTERED OFFICE: | Unit B, 6400 Severn Drive

| Tewkesbury Business Park

| Tewkesbury

| Gloucestershire

| GL20 8SF

| REGISTERED NUMBER: | 06225395 (England and Wales)

| ACCOUNTANTS: | HATS Gloucester Ltd

| 48 Hucclecote Road

| Gloucester

| Gloucestershire

| GL3 3RS

| BANKERS: | Santander UK Plc

| Bridle Road

| Bootle

| Merseyside

| L30 4GB

Medical Graphics UK Ltd (Registered number: 06225395)

Statement of Financial Position

31 March 2025

| 31/3/25 | 31/3/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 50,202 |  | 56,351 |  |

CURRENT ASSETS

Stocks | 409,283 |  | 402,314 |  |

Debtors | 5 | 948,071 |  | 1,304,078 |  |

Cash at bank | 1,059,118 |  | 829,850 |  |

2,416,472 |  | 2,536,242 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,376,924 |  | 1,596,335 |  |

NET CURRENT ASSETS | 1,039,548 |  | 939,907 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,089,750 |  | 996,258 |  |

PROVISIONS FOR LIABILITIES | 12,551 |  | 14,088 |  |

NET ASSETS | 1,077,199 |  | 982,170 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 1,077,198 |  | 982,169 |  |

SHAREHOLDERS' FUNDS | 1,077,199 |  | 982,170 |  |

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 director acknowledges her 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.

Medical Graphics UK Ltd (Registered number: 06225395)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2025 and were signed by:

Mrs A J Chapman - Director

Medical Graphics UK Ltd (Registered number: 06225395)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Medical Graphics UK Ltd 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

| 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.

| Plant and machinery | - | 33% on reducing balance

| Fixtures and fittings | - | 33% on reducing balance

| Motor vehicles | - | 25% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| 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.

Medical Graphics UK Ltd (Registered number: 06225395)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| Cost

| At 1 April 2024 | 43,806 |  | 15,289 |  | 59,227 |  | 118,322 |  |

| Additions | 20,452 |  | 619 |  | - |  | 21,071 |  |

| At 31 March 2025 | 64,258 |  | 15,908 |  | 59,227 |  | 139,393 |  |

| Depreciation

| At 1 April 2024 | 30,629 |  | 11,344 |  | 19,998 |  | 61,971 |  |

| Charge for year | 11,098 |  | 1,506 |  | 14,616 |  | 27,220 |  |

| At 31 March 2025 | 41,727 |  | 12,850 |  | 34,614 |  | 89,191 |  |

| Net book value

| At 31 March 2025 | 22,531 |  | 3,058 |  | 24,613 |  | 50,202 |  |

| At 31 March 2024 | 13,177 |  | 3,945 |  | 39,229 |  | 56,351 |  |

5. | DEBTORS

| 31/3/25 |  | 31/3/24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 841,208 |  | 660,180 |  |

| Amounts owed by group undertakings | 343 |  | 343 |  |

| Other debtors | 48,434 |  | 585,469 |  |

889,985 |  | 1,245,992 |  |

| Amounts falling due after more than one year:

| Other debtors | 58,086 |  | 58,086 |  |

| Aggregate amounts | 948,071 |  | 1,304,078 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/3/25 |  | 31/3/24

£ | £ |

| Trade creditors | 487,517 |  | 288,774 |  |

| Taxation and social security | 168,947 |  | 220,032 |  |

| Other creditors | 720,460 |  | 1,087,529 |  |

1,376,924 |  | 1,596,335 |  |

Medical Graphics UK Ltd (Registered number: 06225395)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31/3/25 |  | 31/3/24

£ | £ |

| Within one year | 109,095 |  | 99,625 |  |

| Between one and five years | 91,107 |  | 162,551 |  |

200,202 |  | 262,176 |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31/3/25 |  | 31/3/24

£ | £ |

| N J Chapman and Mrs A J Chapman

| Balance outstanding at start of year | 578,950 |  | 172,108 |  |

| Amounts advanced | 1,570 |  | 407,389 |  |

| Amounts repaid | (578,950 | ) | (547 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 1,570 |  | 578,950 |  |

| The above loan to the directors, included within other debtors, was repaid within nine months of the accounting period end. Interest was charged at HM Revenue and Customs official rate of interest and amounted to £1,570 (2024 - £7,389).

9. | RELATED PARTY DISCLOSURES

| Chapman Management Services Ltd

| A company controlled by the director Mrs A J Chapman

| During the year, management fees of £651,035 (2024 - £541,062) were charged by Chapman Management Services Ltd.

| The company rents a property owned by Chapman Management Services Ltd. Rent and service charges of £60,000 (2024 - £55,000) were paid during the year.

| At 31 March 2025, the company owed Chapman Management Services Ltd £NIL (2024 - £NIL). The balance is interest free and has no fixed repayment terms.

| Medical Graphics Holdings Limited

| Parent company

| At 31 March 2025, Medical Graphics Holdings Limited owed Medical Graphics UK Ltd £343 (2024 - £343). The balance is interest free and has no fixed repayment terms.

10. | ULTIMATE CONTROLLING PARTY

| The ultimate parent undertaking is Medical Graphics Holdings Limited, a company registered in England and Wales. The company is controlled by Mrs A J Chapman, director of Medical Graphics UK Ltd. Medical Graphics Holdings Limited, which shares the same registered office as Medical Graphics UK Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.