REGISTERED NUMBER: 08787179 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SAFMED LIMITED

Page

Balance Sheet

1

FIXED ASSETS

1,316

1,230

CURRENT ASSETS

6,928

6,698

CREDITORS

Amounts falling due within one year

(10,224

)

(9,765

)

NET CURRENT LIABILITIES

(3,296

)

(3,067

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,980

)

(1,837

)

CREDITORS

Amounts falling due after more than one year

(666

)

(2,667

)

NET LIABILITIES

(2,646

)

(4,504

)

CAPITAL AND RESERVES

(2,646

)

(4,504

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Safmed Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is 23 Ludlow Gardens, Grantham, United Kingdom, NG31 8WJ and the registered number is 08787179.

2.	BASIS OF PREPARATION

The presentation currency of the financial statements is the Pound Sterling (£), and figures are rounded to the nearest £1.

GOING CONCERN

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has net liabilities of £3,296 (2024: £3,067) however a proportion of the company's liabilities are due to the director and they have confirmed that they will not request repayment until the company has sufficient resources. As such, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2024 - 3 ) .

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Dr J A Van Biljon

Balance outstanding at start of year

(3,302

)

750

Amounts advanced

16,170

14,590

Amounts repaid

(16,512

)

(18,642

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,644

)

(3,302

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 22 November 2025 and were signed by:

Dr J A Van Biljon - Director