For the financial year ended 31 January 2025 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Medi-Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 17 Greenfield Avenue, Stourbridge, West Midlands, DY8 1SX.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Other investments are measured at market value.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

The average monthly number of persons (including directors) employed by the company during the year was:

The fair value of the investment property is the directors considered open market valuation.

Other investments are a porfolio of stocks in listed companies. These have been revalued in the accounts to reflect market value.

The company's investment at the Balance Sheet date in the share capital of its subsidiary undertaking was as follows:

Sarah Jane Fishing Limited

Nature of business: Commercial fishing operations

Class of shares:                    Holding

Ordinary                        99.80%

At the year end the aggregated capital and reserves for Sarah Jane Fishing were £(906,674) (2024 - £(854,934)).

At 31 January 2025 there was a balance due to the company from Sarah Jane Fishing Limited, a subsidiary company, of £1,176,222 (2024 - £1,145,912).

Transactions with affiliated companies

During the year, there were no transactions with Blue Water Fishing Limited which is under the common control of the Director. At 31 January 2025 amounts owed by Blue Water Fishing Limited were £32,005 (2024 - £32,005).

During the year there were transactions with Daleswood Limited and Capevale Limited which are under the common control of the Director. At 31 January 2025 amounts owed to Daleswood Limited were £63,152 (2024- £75,152), and amounts owed to Capevale Limited were £127,051 (2024 - £123,555).