REGISTERED NUMBER: 09939603 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

SMS Medics Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr S M Sale

Dr J Sale

REGISTERED OFFICE:

30 Gay Street

Bath

Somerset

BA1 2PA

REGISTERED NUMBER:

09939603 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,613

6,084

Investments

5

129,540

103,900

135,153

109,984

CURRENT ASSETS

Debtors

6

564

-

Cash at bank

33,852

42,057

34,416

42,057

CREDITORS

Amounts falling due within one year

7

1,807

8,891

NET CURRENT ASSETS

32,609

33,166

TOTAL ASSETS LESS CURRENT LIABILITIES

167,762

143,150

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

167,760

143,148

SHAREHOLDERS' FUNDS

167,762

143,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Dr S M Sale - Director

1.	STATUTORY INFORMATION

SMS Medics 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 as modified by the revaluation of certain assets.

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

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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 balance sheet date.

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 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 February 2024

10,928

11,749

22,677

Additions

1,709

2,347

4,056

Disposals

(1,594

)

(8,567

)

(10,161

)

At 31 January 2025

11,043

5,529

16,572

DEPRECIATION

At 1 February 2024

8,510

8,083

16,593

Charge for year

762

1,265

2,027

Eliminated on disposal

(1,274

)

(6,387

)

(7,661

)

At 31 January 2025

7,998

2,961

10,959

NET BOOK VALUE

At 31 January 2025

3,045

2,568

5,613

At 31 January 2024

2,418

3,666

6,084

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 February 2024

103,900

Revaluations

25,640

At 31 January 2025

129,540

NET BOOK VALUE

At 31 January 2025

129,540

At 31 January 2024

103,900

Cost or valuation at 31 January 2025 is represented by:

Other

investments

£

Valuation in 2023

8,973

Valuation in 2024

25,640

Cost

94,927

129,540

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

564

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

335

3,213

Directors' current accounts

832

4,145

Accruals and deferred income

640

1,533

1,807

8,891

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.	RELATED PARTY DISCLOSURES

Included in creditors is £832 (2024: £4,145) owed by the company to the directors of the company, S & J Sale. There is no fixed repayment schedule and interest is not being charged on the outstanding balance.

10.	ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors, Dr S M Sale and Dr J Sale, by virtue of their shareholding.