MMEDS CARE LTD


Directors	Fullerton, Andrew
	Fullerton, Catherine


Registered Address	14 Lansdowne Terrace
	Gosforth
	NE3 1HN


Registered Number	07859521 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	MMEDS Care Ltd is a private company limited by shares and incorporated in England and Wales. Its registered number is: 07859521 Its registered office is: 14 Lansdowne Terrace Gosforth NE3 1HN

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. These 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 £.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
These 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 £.

	Revenue from rendering of services
	Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for the delivery of services under prevailing contractual terms.

Revenue from rendering of services

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for the delivery of services under prevailing contractual terms.

	Operating leases
	Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

	Defined contribution pension plan
	The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.The contributions are recognised as expenses when they fall due. Amounts not paid are shown in other creditors in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.The contributions are recognised as expenses when they fall due. Amounts not paid are shown in other creditors in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

	Borrowing costs
	Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

	Current taxation
	Current tax is recognised in profit or loss. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred income tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

	Intangible assets
	The intangible asset recognised relates to a purchased Franchise Fee and is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable. Amortisation is provided on the intangible asset at the following annual rate so as to write off the cost, less any estimated residual value, over it's useful life - 20% Straight line.

Intangible assets

The intangible asset recognised relates to a purchased Franchise Fee and is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation is provided on the intangible asset at the following annual rate so as to write off the cost, less any estimated residual value, over it's useful life - 20% Straight line.

	Tangible fixed assets and depreciation
	Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life as follows:

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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


		Straight line (years)
	Land and buildings	50
	Office Equipment	5

	Trade and other debtors
	Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

	Share capital
	Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. Dividend distributions to the company's shareholders are recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

	Government grants or assistance
	Government grants are recognised within Other operating income. Revenue grants are recognised, under the accruals method, on a systematic basis over the periods in which the related costs are recorded for which the grant is intended to compensate.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	51		57

3.	Further information regarding the company's income
	The results of the company were derived from continuing operations. The company has no recognised gains or losses for the year other than the results shown in the profit and loss account.

4.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	39,000	39,000
At 31 March 25	39,000	39,000
Amortisation and impairment
At 01 April 24	39,000	39,000
At 31 March 25	39,000	39,000
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

5.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	271,292	49,255	320,547
Additions	-	1,490	1,490
At 31 March 25	271,292	50,745	322,037
Depreciation and impairment
At 01 April 24	7,129	45,274	52,403
Charge for year	1,426	2,723	4,149
At 31 March 25	8,555	47,997	56,552
Net book value
At 31 March 25	262,737	2,748	265,485
At 31 March 24	264,163	3,981	268,144


	Included within the net book value of land and buildings above is £262,737 (2024 - £264,163) in respect of freehold land and buildings.

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	110,599	164,294
Other debtors	122,712	122,712
Prepayments and accrued income	5,089	10,939
Total	238,400	297,945

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	4,518
Taxation and social security	40,770	79,789
Other creditors	60,823	70,616
Accrued liabilities and deferred income	40,705	36,071
Total	142,298	190,994

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	49,645
Total	-	49,645


	Included in banks loans and overdrafts are the following amounts (repayable by instalments) due after more than five years: £NIL (2024 £29,225) is due after more than five years in respect of a bank loan that was due for repayment by 2034. The interest rate was fixed for the first five years of the loan, then it was set at a variable rate over the banks base rate of interest, for the remaining term. The loan was secured on the freehold land and buildings of the company.

Included in banks loans and overdrafts are the following amounts (repayable by instalments) due after more than five years:

£NIL (2024 £29,225) is due after more than five years in respect of a bank loan that was due for repayment by 2034. The interest rate was fixed for the first five years of the loan, then it was set at a variable rate over the banks base rate of interest, for the remaining term.

The loan was secured on the freehold land and buildings of the company.

9.	Operating lease commitments
	At 31 March 2025 , the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £NIL (2024 – £6,550)

10.	Directors advances, credits and guarantees
	As at 1 April 2024 a loan advance of £90,000 previously made to the directors was brought forward. No further advances or repayments were made during the year, leaving a balance of £90,000 remaining outstanding as at 31 March 2025. The loan has no fixed terms as to repayment or interest.

11.	Share capital
	100 £1 Ordinary Shares - Allocated, called up and fully paid.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	5		265,485		268,144
			265,485		268,144
Current assets
Debtors	6	238,400		297,945
Cash at bank and on hand		283,762		265,796
		522,162		563,741
Creditors amounts falling due within one year	7	(142,298)		(190,994)
Net current assets (liabilities)			379,864		372,747
Total assets less current liabilities			645,349		640,891
Creditors amounts falling due after one year	8		-		(49,645)
Net assets			645,349		591,246
Capital and reserves
Called up share capital			100		100
Profit and loss account			645,249		591,146
Shareholders' funds			645,349		591,246