MMS (Matthew Medical Services) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC472161

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		8,583		29,183
Tangible Assets	5		71,197		59,385

			79,780		88,568
CURRENT ASSETS
Stocks	6	2,275		2,275
Debtors	7	238,078		294,719
Cash at bank and in hand		257,048		238,613

		497,401		535,607
Creditors: Amounts Falling Due Within One Year	8	(72,668 )		(79,923 )

NET CURRENT ASSETS (LIABILITIES)			424,733		455,684

TOTAL ASSETS LESS CURRENT LIABILITIES			504,513		544,252

Creditors: Amounts Falling Due After More Than One Year	9		(1,157 )		(14,833 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(17,799 )		(1,791 )

NET ASSETS			485,557		527,628

CAPITAL AND RESERVES
Called up share capital	12		100		100
Share premium account			318,924		318,924
Profit and Loss Account			166,533		208,604

SHAREHOLDERS' FUNDS			485,557		527,628

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MMS (Matthew Medical Services) Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr John Matthew

Director

31/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

MMS (Matthew Medical Services) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC472161 . The registered office is 2nd Floor. Belgrave Court, Rosehall Road, Bellshill, ML4 3NR.

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 represents net invoiced sales of services, excluding value added tax, where the right to receive consideration is passed to the company.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	33% on cost

Tangible assets are initially recognised at cost which is the purchase price plus any directly attributable costs.

Subsequently tangible assets are measured at cost less accumulated depreciation and impairment losses.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and 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. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.7. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks, other third parties and loans to related parties.

Debt instruments that are payable or receivable within one year shall be measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments that are payable or receivable more than more year shall be measured at amortised cost using the effective interest method.

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MMS (Matthew Medical Services) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

2.9. Pensions

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. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	206,000

As at 31 March 2025	206,000

Amortisation
As at 1 April 2024	176,817
Provided during the period	20,600

As at 31 March 2025	197,417

Net Book Value
As at 31 March 2025	8,583

As at 1 April 2024	29,183

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	9,880	138,912	3,326	11,711	163,829
Additions	499	38,293	-	732	39,524
Disposals	-	(24,559 )	-	-	(24,559 )

As at 31 March 2025	10,379	152,646	3,326	12,443	178,794

...CONTINUED

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MMS (Matthew Medical Services) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	6,958	84,868	2,429	10,189	104,444
Provided during the period	835	15,708	225	584	17,352
Disposals	-	(14,199 )	-	-	(14,199 )

As at 31 March 2025	7,793	86,377	2,654	10,773	107,597

Net Book Value
As at 31 March 2025	2,586	66,269	672	1,670	71,197

As at 1 April 2024	2,922	54,044	897	1,522	59,385

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	32,763	43,684

6. Stocks

	2025	2024
	£	£
Stocks	2,275	2,275

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	58,367	84,322
Prepayments and accrued income	1,427	2,161
Other debtors	12,000	12,000
Intercompany debtors	166,284	196,236

	238,078	294,719

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,676	13,294
Trade creditors	828	2,338
Corporation tax	25,819	35,490
VAT	28,892	25,280
Other creditors	48	48
Pension	-	214
Accruals and deferred income	3,259	3,135
Director's loan account	146	124

	72,668	79,923

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,157	14,833

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MMS (Matthew Medical Services) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	13,676	13,294
Later than one year and not later than five years	1,157	14,833

	14,833	28,127

	14,833	28,127

11. Deferred Taxation

Deferred tax is recognised on the temporary tax differences arising due to capital allowances claimed in excess

of depreciation.

	2025	2024
	£	£
Accelerated capital allowances	17,799	1,791

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

13. Related Party Transactions

At the year-end MMS Properties (Scotland) Ltd, a company under common control, owed the company £166,284 (2024: £196,236). This loan is non-interest bearing and is repayable on demand.

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