PGK MEDICAL LIMITED


Directors	KOUMELLIS, Panayiotis, Dr
	LEKANIDI, Aikaterini, Dr


Registered Address	10 Sydney Road
	Haywards Heath
	RH16 1PZ


Registered Number	08162494 (England and Wales)

Statement of Financial Position
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,069,645		1,092,563
			1,069,645		1,092,563
Current assets
Debtors		7,906		8,614
Cash at bank and on hand		15,394		14,873
		23,300		23,487
Creditors amounts falling due within one year	4	(88,038)		(86,503)
Net current assets (liabilities)			(64,738)		(63,016)
Total assets less current liabilities			1,004,907		1,029,547
Creditors amounts falling due after one year	5		(394,248)		(526,146)
Net assets			610,659		503,401
Capital and reserves
Called up share capital			100		100
Profit and loss account			610,559		503,301
Shareholders' funds			610,659		503,401

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 5 January 2026, and are signed on its behalf by:

KOUMELLIS, Panayiotis, Dr
Director
Registered Company No. 08162494

PGK MEDICAL LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Fixtures and fittings	25	-
Office Equipment	33	-

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 August 24	1,144,149	6,983	14,624	1,165,756
Additions	-	-	2,747	2,747
At 31 July 25	1,144,149	6,983	17,371	1,168,503
Depreciation and impairment
At 01 August 24	59,527	3,368	10,298	73,193
Charge for year	22,883	904	1,878	25,665
At 31 July 25	82,410	4,272	12,176	98,858
Net book value
At 31 July 25	1,061,739	2,711	5,195	1,069,645
At 31 July 24	1,084,622	3,615	4,326	1,092,563

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	40,929	50,600
Taxation and social security	42,193	27,080
Other creditors	2,677	6,748
Accrued liabilities and deferred income	2,239	2,075
Total	88,038	86,503


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	394,248	526,146
Total	394,248	526,146


	The directors have provided a personal guarantee against bank borrowings totalling £435,177.