H4 Medical Limited - Filleted accounts

Registered number

07142354

H4 Medical Limited

Filleted Accounts

28 February 2025

H4 Medical Limited
Registered number:	07142354
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		141,522			133,313

Current assets
Stocks		427,094			362,094
Debtors	4	476,905			389,167
Cash at bank and in hand		673,467			479,473
		1,577,466			1,230,734

Creditors: amounts falling due within one year	5	(563,054)			(342,199)

Net current assets			1,014,412			888,535

Total assets less current liabilities			1,155,934			1,021,848


Provisions for liabilities			(30,216)			(20,095)


Net assets			1,125,718			1,001,753

Capital and reserves
Called up share capital			1			1
Profit and loss account			1,125,717			1,001,752

Shareholder's funds			1,125,718			1,001,753

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M Harris
Director
Approved by the board on 20 October 2025

H4 Medical Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements			over the lease term
	Plant and machinery			5 to 7 years
	Motor vehicles			5 to 7 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					6		7


3	Tangible fixed assets
		Leasehold property improvements		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2024	55,100		12,218		158,884		226,202
	Additions	-		4,772		57,679		62,451
	Disposals	-		-		(56,417)		(56,417)
	At 28 February 2025	55,100		16,990		160,146		232,236

	Depreciation
	At 1 March 2024	27,552		4,714		60,623		92,889
	Charge for the year	6,888		1,841		22,921		31,650
	On disposals	-		-		(33,825)		(33,825)
	At 28 February 2025	34,440		6,555		49,719		90,714

	Net book value
	At 28 February 2025	20,660		10,435		110,427		141,522
	At 29 February 2024	27,548		7,504		98,261		133,313


4	Debtors					2025		2024
£							£

	Trade & other debtors					476,905		389,167
	Amounts due after more than one year included above					-		-
	Other debtors includes corporation tax recoverable of £23,088

5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade & other creditors					563,054		342,199


6	Loans to directors
B/fwd			Advanced		Repaid		C/fwd
£			£		£		£
	M Harris
	Directors loan	-		68,410		-		68,410

		-		68,410		-		68,410

	Interest is charged on the loan at the official rate

7	Other information

	H4 Medical Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Valley House
	Kingsway South
	Team Valley
	Gateshead
	NE11 0JW