SOUMIL MEDICAL SERVICES LTD - Filleted accounts

Registered number

10518897

SOUMIL MEDICAL SERVICES LTD

Report and Accounts

31 March 2025

SOUMIL MEDICAL SERVICES LTD
Registered number:		10518897
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		41,412			41,695
Investments	4		270,000			200,000
			311,412			241,695

Current assets
Debtors	5	189,356			449
Cash at bank and in hand		14,000			277,231
		203,356			277,680

Creditors: amounts falling due within one year	6	(8,740)			(29,098)

Net current assets			194,616			248,582

Net assets			506,028			490,277

Capital and reserves
Called up share capital			100			100
Profit and loss account			505,928			490,177

Shareholders' funds			506,028			490,277

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.




Dr Ravinder Kumar
Director
Approved by the board on 3 December 2025

SOUMIL MEDICAL SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.

	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:

	Plant and machinery	25% reducing balance

	Investments
	Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	40,562		2,686		43,248
	At 31 March 2025	40,562		2,686		43,248

	Depreciation
	At 1 April 2024	-		1,553		1,553
	Charge for the year	-		283		283
	At 31 March 2025	-		1,836		1,836

	Net book value
	At 31 March 2025	40,562		850		41,412
	At 31 March 2024	40,562		1,133		41,695


4	Investments

Other
investments
£
	Cost
	At 1 April 2024					200,000
	Additions					70,000

	At 31 March 2025					270,000


5	Debtors			2025		2024
£					£

	Trade debtors			-		449
	Other debtors			189,356		-
				189,356		449


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

	Accruals			1,000		1,000
	Corporation tax			6,505		20,642
	Other taxes and social security costs			1,235		136
	Other creditors			-		7,320
				8,740		29,098


7	Other information

	SOUMIL MEDICAL SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	38 Swinton Crescent
	Bury
	BL9 8PB