REGISTERED NUMBER: 08853001 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MYDEMENTIA IMPROVEMENT NETWORK LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

73,746

139,496

Investments

5

-

22,322

73,746

161,818

CURRENT ASSETS

Stocks

146,509

308,815

Debtors

6

1,757,703

1,567,522

Cash at bank

17

210,620

1,904,229

2,086,957

CREDITORS

Amounts falling due within one year

7

(1,562,782

)

(1,518,575

)

NET CURRENT ASSETS

341,447

568,382

TOTAL ASSETS LESS CURRENT LIABILITIES

415,193

730,200

CREDITORS

Amounts falling due after more than one year

8

(64,047

)

(115,933

)

PROVISIONS FOR LIABILITIES

(122

)

(6,516

)

NET ASSETS

351,024

607,751

CAPITAL AND RESERVES

Called up share capital

92

92

Retained earnings

350,932

607,659

SHAREHOLDERS' FUNDS

351,024

607,751

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2025 and were signed by:

G R Stockton - Director

1.	STATUTORY INFORMATION

Mydementia Improvement Network Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08853001

Registered office:

5 Brooklands Place

Brooklands Road

Sale

Cheshire

M33 3SD

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Mydementia Improvement Network Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax and is recognised at the point the customers receive the products/services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, has been fully amortised.

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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

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 13 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,224

170,741

10,478

182,443

Disposals

-

(57,307

)

-

(57,307

)

At 31 December 2024

1,224

113,434

10,478

125,136

DEPRECIATION

At 1 January 2024

1,052

33,306

8,589

42,947

Charge for year

43

39,104

1,531

40,678

Eliminated on disposal

-

(32,235

)

-

(32,235

)

At 31 December 2024

1,095

40,175

10,120

51,390

NET BOOK VALUE

At 31 December 2024

129

73,259

358

73,746

At 31 December 2023

172

137,435

1,889

139,496

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

22,322

Disposals

(22,322

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

22,322

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

417,557

74,537

Other debtors

1,340,146

1,492,985

1,757,703

1,567,522

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Bank loans and overdrafts

20,229

-

Hire purchase contracts (see note 9)

16,951

25,739

Trade creditors

155,263

242,421

Taxation and social security

167,148

169,568

Other creditors

1,203,191

1,080,847

1,562,782

1,518,575

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£

£

Hire purchase contracts (see note 9)

64,047

115,933

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

as restated

£

£

Net obligations repayable:

Within one year

16,951

25,739

Between one and five years

64,047

115,933

80,998

141,672

Non-cancellable

operating leases

2024

2023

as restated

£

£

Within one year

13,117

8,310

Between one and five years

-

7,617

13,117

15,927

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

as restated

£

£

Hire purchase contracts

80,998

141,672

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

as restated

£

£

G R Stockton

Balance outstanding at start of year

429,387

209,659

Amounts advanced

351,761

591,532

Amounts repaid

(438,869

)

(371,804

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

342,279

429,387

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £970,785 (2023 : £1,035,373) from companies under common control. The loans are interest-free and repayable on demand.