Hartley Medical Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14382442 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Hartley Medical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr M B C Hartley

Dr A S Lapraik

REGISTERED OFFICE:

Solent House

107A Alma Road

Southampton

SO14 6UY

REGISTERED NUMBER:

14382442 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Intangible assets

4

6,000

8,400

Tangible assets

5

4,294

2,339

10,294

10,739

CURRENT ASSETS

Debtors

6

40,710

36,279

Cash at bank

17,587

16,791

58,297

53,070

CREDITORS

Amounts falling due within one year

7

26,282

20,902

NET CURRENT ASSETS

32,015

32,168

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,309

42,907

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

9

42,307

42,905

SHAREHOLDERS' FUNDS

42,309

42,907

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Dr M B C Hartley - Director

1.	STATUTORY INFORMATION

Hartley Medical 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

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

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

12,000

AMORTISATION

At 1 April 2024

3,600

Amortisation for year

2,400

At 31 March 2025

6,000

NET BOOK VALUE

At 31 March 2025

6,000

At 31 March 2024

8,400

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

1,099

200

2,940

4,239

Additions

-

3,648

At 31 March 2025

1,099

200

6,588

7,887

DEPRECIATION

At 1 April 2024

46

88

1,766

1,900

Charge for year

263

28

1,402

1,693

At 31 March 2025

309

116

3,168

3,593

NET BOOK VALUE

At 31 March 2025

790

84

3,420

4,294

At 31 March 2024

1,053

112

1,174

2,339

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

3,113

12,642

Other debtors

37,597

23,637

40,710

36,279

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Corporation tax

15,988

16,826

Directors' current accounts

9,047

2,876

Accrued expenses

1,247

1,200

26,282

20,902

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary A

£0.01

1

100

Ordinary B

£0.01

1

2

9.

RESERVES

Retained

earnings

£

At 1 April 2024

42,905

Profit for the year

57,902

Dividends

(58,500

)

At 31 March 2025

42,307

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

Dr M B C Hartley

Balance outstanding at start of year

(2,876

)

(18,616

)

Amounts advanced

-

18,616

Amounts repaid

(6,170

)

(2,876

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(9,046

)

(2,876

)

Dr A S Lapraik

Balance outstanding at start of year

-

1

Amounts repaid

-

(1

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £58,500 were paid to the directors .

The company was under the control of Dr M Hartley and Dr A Lapraik throughout the current period. Dr M Hartley and Dr A Lapraik are the managing directors and majority shareholders.

The company is a member of Trinity Medicolegal LLP (OC444937) and received £70,275 (2024: £50,422) during the year. The investment in the Trinity Medicolegal LLP is carred on the balance sheet at £37,597 (2024: £23,636).