The Medical Algorithms Company Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 06189785

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	100		100
Cash at bank and in hand		7,870		8,263

		7,970		8,363
Creditors: Amounts Falling Due Within One Year	6	(261,332 )		(248,339 )

NET CURRENT ASSETS (LIABILITIES)			(253,362 )		(239,976 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(253,362 )		(239,976 )

Creditors: Amounts Falling Due After More Than One Year	7		(266,969 )		(272,227 )

NET LIABILITIES			(520,331 )		(512,203 )

CAPITAL AND RESERVES
Called up share capital	8		2,350		2,350
Profit and Loss Account			(522,681 )		(514,553 )

SHAREHOLDERS' FUNDS			(520,331)		(512,203)

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 Profit and Loss Account.

On behalf of the board

Mr Johannes Harl

Director

26/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

The Medical Algorithms Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06189785 . The registered office is 95 Aldwych, London, WC2B 4JF.

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

At 31 March 2025 the company had net current liabilities of £255,572 (2024: £239,976) and net liabilities of £522,541 (2024: £512,203). The company is reliant upon the support of its directors and shareholders in order to meet its day to day working capital requirements. The directors have confirmed that they will continue to support the company for the foreseeable future and that they therefore consider it appropriate to prepare the accounts on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website development costs. It is amortised to profit and loss account over its estimated economic life of 4 years.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	14,531

As at 31 March 2025	14,531

Amortisation
As at 1 April 2024	14,531

As at 31 March 2025	14,531

...CONTINUED

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The Medical Algorithms Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	100	100

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	1
Other creditors	184,396	169,192
Directors' loan accounts	76,936	79,146

	261,332	248,339

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	266,969	272,227

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2,350	2,350

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