REGISTERED NUMBER: 06632247 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BRINK MEDICINES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr M S Sira

Dr A Culshaw

Dr T M Webster

Mrs J K Sira

Mrs L J Webster

A B Culshaw

REGISTERED OFFICE:

7 North Brink

Wisbech

Cambridgeshire

PE13 1JU

REGISTERED NUMBER:

06632247 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

23,008

22,009

CURRENT ASSETS

Stocks

47,592

45,536

Debtors

5

198,457

198,634

Cash at bank and in hand

211,341

223,085

457,390

467,255

CREDITORS

Amounts falling due within one year

6

206,964

278,581

NET CURRENT ASSETS

250,426

188,674

TOTAL ASSETS LESS CURRENT LIABILITIES

273,434

210,683

CREDITORS

Amounts falling due after more than one year

7

(12,914

)

(15,164

)

PROVISIONS FOR LIABILITIES

(1,500

)

-

NET ASSETS

259,020

195,519

CAPITAL AND RESERVES

Called up share capital

600

600

Capital redemption reserve

40

40

Retained earnings

258,380

194,879

SHAREHOLDERS' FUNDS

259,020

195,519

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

Dr M S Sira - Director

1.	STATUTORY INFORMATION

Brink Medicines 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

23,661

23,934

8,638

56,233

Additions

-

-

6,704

6,704

Disposals

-

(4,225

)

-

(4,225

)

At 31 March 2025

23,661

19,709

15,342

58,712

DEPRECIATION

At 1 April 2024

21,379

5,069

7,776

34,224

Charge for year

342

3,942

951

5,235

Eliminated on disposal

-

(3,755

)

-

(3,755

)

At 31 March 2025

21,721

5,256

8,727

35,704

NET BOOK VALUE

At 31 March 2025

1,940

14,453

6,615

23,008

At 31 March 2024

2,282

18,865

862

22,009

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

19,709

DEPRECIATION

At 1 April 2024

1,314

Charge for year

3,942

At 31 March 2025

5,256

NET BOOK VALUE

At 31 March 2025

14,453

At 31 March 2024

18,395

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

152,649

152,483

Other debtors

45,808

46,151

198,457

198,634

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Finance leases (see note 8)

2,251

2,070

Trade creditors

120,731

177,852

Taxation and social security

38,125

9,875

Other creditors

45,857

88,784

206,964

278,581

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Finance leases (see note 8)

12,914

15,164

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

2,251

2,070

Between one and five years

12,914

15,164

15,165

17,234

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

6,300

2,062

Between one and five years

6,300

-

12,600

2,062

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Finance leases

15,165

17,234

The obligations under finance lease agreements are secured over the assets to which they relate.