Medics24 Limited - Filleted accounts

Registered number

05655904

Medics24 Limited

Unaudited Filleted Accounts

31 May 2025

Medics24 Limited
Registered number:		05655904
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		48,853			42,671

Current assets
Work in progress		35,903			-
Debtors	4	51,854			46,077
Cash at bank and in hand		14,082			62,234
		101,839			108,311

Creditors: amounts falling due within one year	5	(42,261)			(45,554)

Net current assets			59,578			62,757

Total assets less current liabilities			108,431			105,428

Creditors: amounts falling due after more than one year	6		(1,667)			(11,667)

Provisions for liabilities			(9,282)			(8,107)


Net assets			97,482			85,654

Capital and reserves
Called up share capital			4			4
Profit and loss account			97,478			85,650

Shareholders' funds			97,482			85,654

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




I Young
Director
Approved by the board on 30 October 2025

Medics24 Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Computer Equipment			33.3 % straight line
	Equipment			15% reducing balance
	Motor vehicles			25% reducing balance

	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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					24		20


3	Tangible fixed assets
		Computer Equipment		Equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 June 2024	-		13,682		82,123		95,805
	Additions	1,028		3,004		20,894		24,926
	Disposals	-		-		(8,900)		(8,900)
	At 31 May 2025	1,028		16,686		94,117		111,831

	Depreciation
	At 1 June 2024	-		7,294		45,840		53,134
	Charge for the year	140		1,447		10,111		11,698
	On disposals	-		-		(1,854)		(1,854)
	At 31 May 2025	140		8,741		54,097		62,978

	Net book value
	At 31 May 2025	888		7,945		40,020		48,853
	At 31 May 2024	-		6,388		36,283		42,671


4	Debtors					2025		2024
£							£

	Trade debtors					51,854		46,077


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

	Bank loans and overdrafts					10,000		10,000
	Trade creditors					11,439		10,141
	Taxation and social security costs					16,173		21,024
	Other creditors					4,649		4,389
						42,261		45,554


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,667		11,667


7	Other information

	Medics24 Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Hopkin, The Heath
	Lavenham Road
	Great Waldingfield
	Suffolk
	CO10 0SA