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Registered number: 04545442
MDS Technologies Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
MDS Technologies Limited
Contents
Contents
Page
Statement of Financial Position 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—8
Page 1
MDS Technologies Limited
Statement of Financial Position
As At 31 March 2025
Statement of Financial Position
Registered number: 04545442
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 458
Investments 5 1 1
1 459
CURRENT ASSETS
Debtors 6 632,581 710,015
Cash at bank and in hand 863,332 160,561
1,495,913 870,576
Creditors: Amounts Falling Due Within One Year 7 (1,407,891 ) (838,507 )
NET CURRENT ASSETS (LIABILITIES) 88,022 32,069
TOTAL ASSETS LESS CURRENT LIABILITIES 88,023 32,528
Creditors: Amounts Falling Due After More Than One Year 8 (1,667 ) (11,667 )
NET ASSETS 86,356 20,861
CAPITAL AND RESERVES
Called up share capital 9 104 104
Income Statement 86,252 20,757
SHAREHOLDERS' FUNDS 86,356 20,861
Page 1
Page 2
MDS Technologies Limited
Statement of Financial Position (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
The financial statements were approved by the board of directors on 17 December 2025 and were signed on its behalf by:
G Trujillo
Director
17 December 2025
The notes on pages 4 to 8 form part of these financial statements.
Page 2
Page 3
MDS Technologies Limited
Statement of Changes in Equity
For The Year Ended 31 March 2025
Statement of Changes in Equity
Share Capital Income Statement Total
£ £ £
As at 1 April 2023 104 (35,578 ) (35,474)
Profit for the year and total comprehensive income - 56,335 56,335
As at 31 March 2024 and 1 April 2024 104 20,757 20,861
Profit for the year and total comprehensive income - 65,495 65,495
As at 31 March 2025 104 86,252 86,356
Page 3
Page 4
MDS Technologies Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
MDS Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04545442 . The registered office is The Quorum, Bond Street South, Bristol, BS1 3AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The directors consider the Group's forecasts and projections, taking into account expected levels of trading performance, which shows that the Group is expected to operate within the level of its current financing arrangements for the foreseeable future, being no less than 12 months from the date of approval of these financial statements.
In making their going concern assessment the directors have taken into consideration; the relationships with key customers and key suppliers, the balance sheet position and the financial performance and position of the Group. The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and they therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.
2.3. Significant judgements and estimations
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.
The key judgement that has a significant impact on the financial statements is in respect of going concern, as described above.
In the opinion of the directors, there are no key sources of estimation uncertainty as at 31 March 2025
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, and represents amounts receivable for services provided and goods supplied, stated net of discounts, returns and value added taxes.
The company’s main sources of revenue are provision of IT solutions and service across five technology pillars:
  • Scalable Cloud
  • Enhanced Workforce
  • Cybersecurity and Assurance
  • Enterprise networking
  • Managed Services and Support 
Revenue is recognised when the services are provided. Any income billed in advance is deferred and recognised in deferred income until the service has been provided.
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MDS Technologies Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.5. Tangible Fixed Assets and Depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Leasehold Improvements over the term of the lease
Office Equipment 14% - 33%
Computer Equipment 20% - 33%
Investments 
Investment in subsidiaries are accounted for at cost, plus any incremental costs of acquisition, less any impairment.
2.6. Leasing and Hire Purchase Contracts
Leases in which substantially all of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases (net of any incentives received from the lessor) are charged to the profit and loss account on a straight-line basis over the period of the lease.
The Group has no finance leases.
2.7. Financial Instruments
Classification 
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement 
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 5
Page 6
MDS Technologies Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.9. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
MDS Technologies has no direct staff. All staff are employed by the parent company Assured Digital Technologies Ltd and costs recharged to MDS Technologies.
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Office Equipment Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 22,824 298,262 321,086
Disposals (17,459 ) (262,702 ) (280,161 )
As at 31 March 2025 5,365 35,560 40,925
Depreciation
As at 1 April 2024 22,392 298,236 320,628
Provided during the period 432 26 458
Disposals (17,459 ) (262,702 ) (280,161 )
As at 31 March 2025 5,365 35,560 40,925
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 432 26 458
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 1
As at 31 March 2025 1
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1
As at 1 April 2024 1
Details of undertakings 
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Page 6
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MDS Technologies Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
Undertaking 
Registered Office 
Nature of Business
Holding
Proportion of voting rights and shares held 
2025
2024 
ANM Healthcare Limited
The Quorum, Bond Street South, Bristol, BS1 3AE
Dormant
Ordinary
100%
100%
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 473,805 461,729
Prepayments and accrued income 63,886 29,668
VAT 12,890 27,560
Amounts owed by group undertakings 82,000 191,058
632,581 710,015
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 295,244 412,400
Bank loans and overdrafts 10,000 10,000
Corporation tax 22,955 -
Other creditors - 57
Accruals and deferred income 1,079,692 416,050
1,407,891 838,507
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,667 11,667
Bank loans
Bank loan of £11,667 represents an unsecured loan from one of the company's bankers. Repayment is 72 months from the date of drawdown, interest rate on the loan is a fixed rate of 2.5% per annum
2025
2024
Amounts due:
£
£
Within one year
10,000
10,000
After one year
1,667
11,667
image
image
11,667
image
21,667
image
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 104 104
Page 7
Page 8
MDS Technologies Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Assured Digital Technologies Limited . Assured Digital Technologies Limited was incorporated in England and registered at The Quorum, Bond Street South, Bristol, BS1 3AE . Assured Digital Technologies Limited is also the ultimate controlling party who controls 100% of the shares of MDS Technologies Limited .
Page 8