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Registration number: 11188461

Lally Medical Services Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 28 February 2025

Lally Medical Services Ltd

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 12
iXBRL Detailed Profit and Loss Account | 13

Lally Medical Services Ltd

Company Information

Director | Amar Lally

Registered office | Charles Rippin & Turner Middlesex House 130 College Road Harrow Middlesex HA1 1BQ

Accountants | Charles Rippin & Turner Middlesex House 130 College Road Harrow Middlesex HA1 1BQ

Lally Medical Services Ltd

Director's Report for the Year Ended 28 February 2025

The director presents his report and the financial statements for the year ended 28 February 2025.

Director of the company

The director who held office during the year was as follows:

Amar Lally

Principal activity

The principal activity of the company is Other human health activities

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 3 September 2025

......................................... Amar Lally Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lally Medical Services Ltd
for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lally Medical Services Ltd for the year ended 28 February 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Lally Medical Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lally Medical Services Ltd and state those matters that we have agreed to state to the Board of Directors of Lally Medical Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lally Medical Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lally Medical Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lally Medical Services Ltd. You consider that Lally Medical Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lally Medical Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

3 September 2025

Lally Medical Services Ltd

Profit and Loss Account for the Year Ended 28 February 2025

| Note | 2025 £ | 2024 £
Turnover |  | 78,656 | 90,270
Cost of sales |  | (828) | (4,359)
Gross profit |  | 77,828 | 85,911
Administrative expenses |  | (37,110) | (27,112)
Operating profit |  | 40,718 | 58,799
Profit before tax | 4 | 40,718 | 58,799
Tax on profit |  | - | (13,592)
Profit for the financial year |  | 40,718 | 45,207

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Lally Medical Services Ltd

Statement of Comprehensive Income for the Year Ended 28 February 2025

| 2025 £ | 2024 £
Profit for the year | 40,718 | 45,207
Total comprehensive income for the year | 40,718 | 45,207

Lally Medical Services Ltd

(Registration number: 11188461)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 54,252 | 723
Current assets |  |  |
Debtors | 6 | 19,160 | 21,501
Cash at bank and in hand |  | 230,832 | 198,679
|  | 249,992 | 220,180
Creditors: Amounts falling due within one year | 7 | (103,421) | (58,798)
Net current assets |  | 146,571 | 161,382
Net assets |  | 200,823 | 162,105
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 200,723 | 162,005
Shareholders' funds |  | 200,823 | 162,105

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 3 September 2025

......................................... Amar Lally Director

Lally Medical Services Ltd

Statement of Changes in Equity for the Year Ended 28 February 2025

| Share capital £ | Retained earnings £ | Total £
At 1 March 2024 | 100 | 162,005 | 162,105
Profit for the year | - | 40,718 | 40,718
Dividends | - | (2,000) | (2,000)
At 28 February 2025 | 100 | 200,723 | 200,823

| Share capital £ | Retained earnings £ | Total £
At 1 March 2023 | 100 | 145,798 | 145,898
Profit for the year | - | 45,207 | 45,207
Dividends | - | (29,000) | (29,000)
At 29 February 2024 | 100 | 162,005 | 162,105

Lally Medical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

These financial statements were authorised for issue by the director on 3 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Lally Medical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tangible assets

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

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:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Lally Medical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 12,856 | 372

Lally Medical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 March 2024 | 2,123 | 2,123
Additions | 66,385 | 66,385
At 28 February 2025 | 68,508 | 68,508
Depreciation
At 1 March 2024 | 1,400 | 1,400
Charge for the year | 12,856 | 12,856
At 28 February 2025 | 14,256 | 14,256
Carrying amount
At 28 February 2025 | 54,252 | 54,252
At 29 February 2024 | 723 | 723

6 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 19,160 | 21,501
| 19,160 | 21,501

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 100,421 | 43,774
Taxation and social security |  | - | 13,584
Accruals and deferred income |  | 3,000 | 1,440
|  | 103,421 | 58,798

8 | Share capital

Allotted, called up and fully paid shares

Lally Medical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 2025 | 2024
| No. | £ | No. | £
Ordinary Share of £100 each | 1 | 100 | 1 | 100

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | 852 | 1,858
Other borrowings | 99,569 | 41,916
| 100,421 | 43,774

10 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £2,000.00 (2024 - £29,000.00) per ordinary share |  | 2,000 |  | 29,000

Lally Medical Services Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 28 February 2025

| 2025 £ | 2024 £
Turnover/revenue | 78,656 | 90,270
Cost of sales |  |
Purchase of raw materials and consumables | (828) | (4,359)
Gross profit | 77,828 | 85,911
Distribution costs |  |
Administrative expenses |  |
Audit and accountancy other services | (3,000) | (1,440)
Rent, rates and services costs | (4,560) | (4,353)
Other repairs and maintenance costs | (162) | (132)
Depreciation of fixed assets | (12,856) | (372)
Travel and subsistence | (3,873) | (6,706)
Training | (90) | (3,100)
Legal and professional costs | (379) | (1,293)
Bank charges | (110) | (102)
Insurance costs | (5,150) | (3,693)
IT and computing | (362) | (514)
Telecommunications | (637) | (766)
Printing, postage and stationery | (63) | (295)
Charitable donations | (5,418) | (3,620)
Subscriptions | (450) | (726)
Other operating income |  |
Other items |  |
Profit on ordinary activities before taxation | 40,718 | 58,799
Tax on profit or loss on ordinary activities | - | (13,592)
Profit for the financial year | 40,718 | 45,207