Registration number: 04122830

Kestrel Medical Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Kestrel Medical Limited

Company Information

Directors

Mr I Ponsford Mrs M Ponsford

Company secretary

Mrs M Ponsford

Registered office

Kestrel House 7 Moor Road Broadstone Poole Dorset BH18 8AZ

Accountants

Wilkinsons Accountants Limited Chartered Certified Accountants The Old Exchange 521 Wimborne Road East Ferndown Dorset BH22 9NH

Kestrel Medical Limited

(Registration number: 04122830)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	26,732	24,531
Tangible assets	5	23,544	26,622
		50,276	51,153
Current assets
Stocks	6	462,548	679,019
Debtors	7	400,524	400,520
Cash at bank and in hand		646,117	601,504
		1,509,189	1,681,043
Creditors: Amounts falling due within one year	8	(426,954)	(642,602)
Net current assets		1,082,235	1,038,441
Total assets less current liabilities		1,132,511	1,089,594
Creditors: Amounts falling due after more than one year	8	(6,667)	(16,667)
Provisions for liabilities		9,385	-
Net assets		1,135,229	1,072,927
Capital and reserves
Called up share capital		100	100
Retained earnings		1,135,129	1,072,827
Shareholders' funds		1,135,229	1,072,927

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mr I Ponsford Director

Kestrel Medical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Kestrel House
7 Moor Road
Broadstone
Poole
Dorset
BH18 8AZ
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Kestrel Medical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold property	10 years straight line
Fixtures and fittings	20% on reducing balance
Plant and machinery	25% on reducing balance

Goodwill

The Goodwill owned by the company is written off on a straight line basis over its estimated useful life of ten years.

Intangible assets

Intangible assets are stated at their historical cost and amortised on a straight-line basis over their expected useful lives.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks	7 years straight line

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Kestrel Medical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

Kestrel Medical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £	Patents  £	Website development costs  £	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	277,771	6,675	17,850	24,531	326,827
Additions acquired separately	-	-	-	6,656	6,656
At 31 December 2024	277,771	6,675	17,850	31,187	333,483
Amortisation
At 1 January 2024	277,771	6,675	17,850	-	302,296
Amortisation charge	-	-	-	4,455	4,455
At 31 December 2024	277,771	6,675	17,850	4,455	306,751
Carrying amount
At 31 December 2024	-	-	-	26,732	26,732
At 31 December 2023	-	-	-	24,531	24,531

5	Tangible assets

	Land and buildings £	Fixtures and fittings  £	Plant and machinery  £	Total £
Cost or valuation
At 1 January 2024	31,911	61,396	12,456	105,763
Additions	-	3,032	-	3,032
At 31 December 2024	31,911	64,428	12,456	108,795
Depreciation
At 1 January 2024	24,668	42,384	12,089	79,141
Charge for the year	1,810	4,208	92	6,110
At 31 December 2024	26,478	46,592	12,181	85,251
Carrying amount
At 31 December 2024	5,433	17,836	275	23,544
At 31 December 2023	7,243	19,012	367	26,622

Included within the net book value of land and buildings above is £5,432 (2023 - £7,243) in respect of long leasehold land and buildings.
 

Kestrel Medical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

	2024 £	2023 £
Other inventories	462,548	679,019

7

Debtors

	2024 £	2023 £
Trade debtors	365,182	311,715
Prepayments	35,342	58,032
Other debtors	-	30,773
	400,524	400,520

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	10,000	10,000
Trade creditors		217,552	217,883
Taxation and social security		92,129	162,536
Accruals and deferred income		99,902	210,095
Other creditors		7,371	42,088
		426,954	642,602