REGISTERED NUMBER: 07574719 (England and Wales)

ONLINE MEDICAL EXAMS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr M C F Smith

Dr H B Smith

REGISTERED OFFICE:

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

REGISTERED NUMBER:

07574719 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

2,178

2,503

CURRENT ASSETS

Debtors

5

598,159

396,720

Investments

6

240,884

191,243

Cash at bank

359,061

439,447

1,198,104

1,027,410

CREDITORS

Amounts falling due within one year

7

(45,515

)

(45,764

)

NET CURRENT ASSETS

1,152,589

981,646

TOTAL ASSETS LESS CURRENT LIABILITIES

1,154,767

984,149

PROVISIONS FOR LIABILITIES

8

(38,480

)

(26,150

)

NET ASSETS

1,116,287

957,999

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserve

9

113,803

76,573

Retained earnings

1,002,384

881,326

SHAREHOLDERS' FUNDS

1,116,287

957,999

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 24 December 2025 and were signed on its behalf by:

Dr M C F Smith - Director

1.	STATUTORY INFORMATION

Online Medical Exams 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.

Turnover

Turnover represents invoiced sales of services.

Turnover is recognised on the supply of services to the customer.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.

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.

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.

Investments

Investments are initially recorded at transaction price, and at each year end they are valued at their fair value as represented by market value, through the income statement.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

15,705

Additions

1,785

Disposals

(2,833

)

At 31 March 2025

14,657

DEPRECIATION

At 1 April 2024

13,202

Charge for year

1,986

Eliminated on disposal

(2,709

)

At 31 March 2025

12,479

NET BOOK VALUE

At 31 March 2025

2,178

At 31 March 2024

2,503

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,409

580

Other debtors

596,750

396,140

598,159

396,720

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

240,884

191,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

40,367

42,063

Other creditors

5,148

3,701

45,515

45,764

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

38,480

26,150

Deferred

tax

£

Balance at 1 April 2024

26,150

Charge to Income Statement during year

12,330

Balance at 31 March 2025

38,480

9.

RESERVES

Undistributable

reserve

£

At 1 April 2024

76,573

Fair value

49,641

Deferred tax

(12,411

)

At 31 March 2025

113,803

10.	RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £4,501 (prior year £3,093) were outstanding at the year end, the amounts are repayable on demand.

Debtors includes a £595,365 (prior year £395,365) loan to Silver Smith Properties Limited, a company owned by the directors of Online Medical Exams Ltd. The loans are interest free and are repayable on demand.