REGISTERED NUMBER: 06225395 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Medical Graphics UK Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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.