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REGISTERED NUMBER: 01037490 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

EMT Healthcare Limited

| EMT Healthcare Limited (Registered number: 01037490) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| EMT Healthcare Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | Mr R D Muir

| Mr S L Muir

| Mr R G Muir

| Mrs N Muir

| REGISTERED OFFICE: | Boulevard Industrial Park

| Padge Road

| Beeston

| Nottinghamshire

| NG9 2JR

| REGISTERED NUMBER: | 01037490 (England and Wales)

| ACCOUNTANTS: | Franklins

| 18 St Christopher's Way

| Pride Park

| Derby

| Derbyshire

| DE24 8JY

| EMT Healthcare Limited (Registered number: 01037490) |

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 16,338 |  | 16,364 |  |

Tangible assets | 5 | 643,545 |  | 583,311 |  |

659,883 |  | 599,675 |  |

CURRENT ASSETS

Stocks | 1,161,809 |  | 1,168,929 |  |

Debtors | 6 | 2,617,089 |  | 2,628,152 |  |

Cash at bank and in hand | 274,980 |  | 133,187 |  |

4,053,878 |  | 3,930,268 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,276,145 |  | 2,588,432 |  |

NET CURRENT ASSETS | 1,777,733 |  | 1,341,836 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,437,616 |  | 1,941,511 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (134,557 | ) | (169,241 | ) |

PROVISIONS FOR LIABILITIES | (120,865 | ) | (142,948 | ) |

NET ASSETS | 2,182,194 |  | 1,629,322 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 3,636 |  | 3,636 |  |

Share premium | 99,362 |  | 99,362 |  |

Capital redemption reserve | 3,000 |  | 3,000 |  |

Retained earnings | 2,076,196 |  | 1,523,324 |  |

SHAREHOLDERS' FUNDS | 2,182,194 |  | 1,629,322 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

| EMT Healthcare Limited (Registered number: 01037490) |

Balance Sheet - continued

31 December 2024

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

Mr R D Muir - Director

| EMT Healthcare Limited (Registered number: 01037490) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| EMT Healthcare Limited 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" and the Companies Act 2006. These financial statements have been prepared under the historical cost convention as modified by the use of fair values for certain financial instruments in accordance with the accounting policies set out below.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| The company recognises turnover when the amount of turnover can be reliably measured, and it is probable that future economic benefits will flow to the entity. Turnover from the sale of goods is recognised when the risks and rewards of ownership are transferred to the customer.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Property lease costs are being amortised evenly over their estimated useful life of ten years.

| Development costs are being amortised evenly over their estimated useful life of ten years.

| Tangible fixed assets

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | at varying rates on cost

| Fixtures and fittings | - | at varying rates on cost

| Motor vehicles | - | at varying rates on cost

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

| Stocks

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

| Cost is determined using the most recent purchase price method. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| EMT Healthcare Limited (Registered number: 01037490) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 45 (2023 - 48 ) .

4. | INTANGIBLE FIXED ASSETS

| Property |

| lease |  | Development |

| costs |  | costs |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 15,283 |  | 19,926 |  | 35,209 |  |

| Additions | - |  | 3,733 |  | 3,733 |  |

| At 31 December 2024 | 15,283 |  | 23,659 |  | 38,942 |  |

| AMORTISATION

| At 1 January 2024 | 7,745 |  | 11,100 |  | 18,845 |  |

| Amortisation for year | 1,528 |  | 2,231 |  | 3,759 |  |

| At 31 December 2024 | 9,273 |  | 13,331 |  | 22,604 |  |

| NET BOOK VALUE

| At 31 December 2024 | 6,010 |  | 10,328 |  | 16,338 |  |

| At 31 December 2023 | 7,538 |  | 8,826 |  | 16,364 |  |

| EMT Healthcare Limited (Registered number: 01037490) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024 | 114,778 |  | 469,315 |  | 217,022 |  | 801,115 |  |

| Additions | - |  | 189,773 |  | - |  | 189,773 |  |

| Disposals | (31,650 | ) | - |  | - |  | (31,650 | ) |

| At 31 December 2024 | 83,128 |  | 659,088 |  | 217,022 |  | 959,238 |  |

| DEPRECIATION

| At 1 January 2024 | 30,626 |  | 148,792 |  | 38,386 |  | 217,804 |  |

| Charge for year | 8,493 |  | 74,231 |  | 30,885 |  | 113,609 |  |

| Eliminated on disposal | (15,720 | ) | - |  | - |  | (15,720 | ) |

| At 31 December 2024 | 23,399 |  | 223,023 |  | 69,271 |  | 315,693 |  |

| NET BOOK VALUE

| At 31 December 2024 | 59,729 |  | 436,065 |  | 147,751 |  | 643,545 |  |

| At 31 December 2023 | 84,152 |  | 320,523 |  | 178,636 |  | 583,311 |  |

| Fixed assets, included in the above, which are held under finance leases are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 196,522 |  |

| DEPRECIATION

| At 1 January 2024 | 21,970 |  |

| Charge for year | 26,801 |  |

| At 31 December 2024 | 48,771 |  |

| NET BOOK VALUE

| At 31 December 2024 | 147,751 |  |

| At 31 December 2023 | 174,552 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 1,673,859 |  | 2,144,252 |  |

| Other debtors | 808,737 |  | 358,967 |  |

| Prepayments and accrued income | 134,493 |  | 124,933 |  |

2,617,089 |  | 2,628,152 |  |

| EMT Healthcare Limited (Registered number: 01037490) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 10,378 |  | 17,721 |  |

| Finance leases | 24,427 |  | 18,542 |  |

| Trade creditors | 1,608,061 |  | 1,356,901 |  |

| Tax | 241,260 |  | 225,905 |  |

| Social security and other taxes | 31,798 |  | 2,054 |  |

| VAT | 155,769 |  | 261,988 |  |

| Other creditors | 39,304 |  | 83,973 |  |

| Debt factoring | 37,120 |  | 279,815 |  |

| Accruals and deferred income | 128,028 |  | 341,533 |  |

2,276,145 |  | 2,588,432 |  |

| The company separately presents liabilities due to the debt factor from the related trade debtors in accordance with the substance of the factoring agreement.

| The bank overdraft, including amounts advanced as part of the debt factoring agreement, is secured by a first fixed charge over book and other debts, chattels and uncalled capital, both present and future, and a first floating charge over all assets and undertakings, both present and future.

| The company currently meets its day to day working capital requirements through overdraft and factoring facilities which are effectively repayable on demand in accordance with usual practice. The directors expect the company to operate within the facilities currently agreed and consider that additional facilities would be available should a short-term requirement for additional working capital arise.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans - 1-2 years | 5,287 |  | 10,379 |  |

| Bank loans - 2-5 years | - |  | 5,165 |  |

| Finance leases | 129,270 |  | 153,697 |  |

134,557 |  | 169,241 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 3,000 | Ordinary A | £1 | 3,000 |  | 3,000 |  |

| 636 | Ordinary B | £1 | 636 |  | 636 |  |

3,636 |  | 3,636 |  |

| EMT Healthcare Limited (Registered number: 01037490) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

£ | £ |

| Mr R D Muir

| Balance outstanding at start of year | 145,448 |  | 107,327 |  |

| Amounts advanced | 202,808 |  | 145,519 |  |

| Amounts repaid | (145,499 | ) | (107,398 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 202,757 |  | 145,448 |  |

| Mr S L Muir

| Balance outstanding at start of year | 49,284 |  | 32,969 |  |

| Amounts advanced | 82,146 |  | 50,215 |  |

| Amounts repaid | (78,455 | ) | (33,900 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 52,975 |  | 49,284 |  |

| Mr R G Muir

| Balance outstanding at start of year | 109,405 |  | 74,295 |  |

| Amounts advanced | 163,735 |  | 109,410 |  |

| Amounts repaid | (109,500 | ) | (74,300 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 163,640 |  | 109,405 |  |

| Mr V R Harania

| Balance outstanding at start of year | - |  | 24 |  |

| Amounts advanced | - |  | 20,200 |  |

| Amounts repaid | - |  | (20,224 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| Interest has been charged on the overdrawn directors loan accounts at HM Revenue and Customs official rate of interest of 2.25% per annum.

| The overdrawn directors loan account was cleared within nine months of the year end.

11. | RELATED PARTY DISCLOSURES

| At 31st December 2024, Muirtech Group Limited (formerly Stancrown Limited), the parent company, owed EMT Healthcare Limited £58,499 (2023: £Nil), interest has not been charged on the outstanding balance.

| At 31st December 2024, National Care Supplies Limited, a company within the same group as EMT Healthcare Limited, owed EMT Healthcare Limited £330,866 (2023: £17,149), interest has not been charged on the outstanding balance.

| EMT Healthcare Limited (Registered number: 01037490) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Muirtech Group Limited (formerlyStancrown Limited).

| The company is controlled by its immediate and ultimate parent company Muirtech Group Limited (formerly Stancrown Limited), which has no majority shareholder. Muirtech Group Limited is a company registered in England and Wales and shares its registered office address with EMT Healthcare Limited.

| The parent company of the largest and smallest group for which consolidated accounts are prepared is Muirtech Group Limited. Consolidated accounts are available from Companies House.