Ascotmed Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07888594

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		44,622		53,927

			44,622		53,927
CURRENT ASSETS
Debtors	5	379,003		362,280
Cash at bank and in hand		3,885		5,921

		382,888		368,201
Creditors: Amounts Falling Due Within One Year	6	(24,107 )		(17,008 )

NET CURRENT ASSETS (LIABILITIES)			358,781		351,193

TOTAL ASSETS LESS CURRENT LIABILITIES			403,403		405,120

Creditors: Amounts Falling Due After More Than One Year	7		(49,765 )		(63,098 )

NET ASSETS			353,638		342,022

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			353,538		341,922

SHAREHOLDERS' FUNDS			353,638		342,022

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Ascotmed Limited

Balance Sheet (continued)

As At 31 December 2024

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

K A Rahman

Director

25th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ascotmed Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07888594 . The registered office is 49 Mapperley Road, Mapperley Park, Nottingham, NG3 5AQ.

The presentation currency of the financial statements is the Pound Sterling (£).

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 consideration received or receivable for provision of services in the ordinary course of the company's activities.

Turnover from provision of medical services is recognised when the service has been undertaken and the amount of turnover can be measured reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% on reducing balance
Fixtures & Fittings	25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.5. 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.

2.6. 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.

3. Average Number of Employees

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

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Ascotmed Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	83,747	6,720	90,467
Additions	-	1,996	1,996

As at 31 December 2024	83,747	8,716	92,463

Depreciation
As at 1 January 2024	30,149	6,391	36,540
Provided during the period	10,720	581	11,301

As at 31 December 2024	40,869	6,972	47,841

Net Book Value
As at 31 December 2024	42,878	1,744	44,622

As at 1 January 2024	53,598	329	53,927

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	377,180	363,112
Due after more than one year
Other debtors	1,823	(832)

	379,003	362,280

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	10,033	10,033
Trade creditors	1,141	2,822
Other creditors	990	960
Taxation and social security	11,943	3,193

	24,107	17,008

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	45,090	55,123
Bank loans	4,675	7,975

	49,765	63,098

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Ascotmed Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	10,033	10,033
Later than one year and not later than five years	45,090	55,123

	55,123	65,156

	55,123	65,156

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

The following advances and credits to directors subsisted during the current and prior periods:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Dr Khandokar Rahman	108,291	6,137	(6,137 )	-	108,291
Mrs Mali Rahman	170,845	11,200	(5,800 )	-	176,245

11. Ultimate Controlling Party

The company was under the control of K A Rahman and M M Rahman through out the current and previous year. They are the managing directors and shareholders.

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