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Company No: 04068070 (England and Wales)

# LOCAMED LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

LOCAMED LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

Contents

LOCAMED LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
LOCAMED LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

DIRECTORS | C Brown
| S K Ford
| J A Ford

SECRETARY | J A Ford

REGISTERED OFFICE | Unit 4 Enterprise Centre
| Coxbridge Business Park
| Alton Road
| Farnham
| Surrey
| GU10 5EH
| United Kingdom

COMPANY NUMBER | 04068070 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT

LOCAMED LIMITED

## BALANCE SHEET

AS AT 30 SEPTEMBER 2025
LOCAMED LIMITED

## BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 4 | 2,887 |  | 3,410
Tangible assets | 5 | 58,491 |  | 68,847
|  | 61,378 |  | 72,257
Current assets |  |  |  |
Stocks | 6 | 780,896 |  | 603,053
Debtors | 7 | 416,107 |  | 472,270
Cash at bank and in hand | 8 | 779,676 |  | 1,138,699
|  | 1,976,679 |  | 2,214,022
Creditors: amounts falling due within one year | 9 | ( 374,501) |  | ( 741,417)
Net current assets |  | 1,602,178 |  | 1,472,605
Total assets less current liabilities |  | 1,663,556 |  | 1,544,862
Provision for liabilities | 10, 11 | ( 11,123) |  | ( 10,225)
Net assets |  | 1,652,433 |  | 1,534,637
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 1,652,333 |  | 1,534,537
Total shareholders' funds |  | 1,652,433 |  | 1,534,637

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of LocaMed Limited (registered number: 04068070) were approved and authorised for issue by the Board of Directors on 02 March 2026. They were signed on its behalf by:

J A Ford Director |

LOCAMED LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
LOCAMED LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

LocaMed Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 4 Enterprise Centre, Coxbridge Business Park, Alton Road, Farnham, Surrey, GU10 5EH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded using HMRC monthly exchange rates relevant at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
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.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software | 3 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 10 years straight line
Plant and machinery | 3 years straight line
Fixtures and fittings | 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are recognised at fair value less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are recognised at fair value.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 12 |  | 14

#### 3. Dividends on equity shares

| 2025 |  | 2024
| £ |  | £
Amounts recognised as distributions to equity holders in the financial year: |  |  |
Final dividend for the financial year ended 30 September 2025 of £nil (2024: £1,800.00) per ordinary share | 0 |  | 180,000
Interim dividend for the financial year ended 30 September 2025 of £800 (2024: £1,900) per ordinary share | 80,000 |  | 190,000
| 80,000 |  | 370,000

The final dividend for 2024 was voted and approved prior to the year end but not paid. The liability was reflected within accruals.

#### 4. Intangible assets

| Computer software |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 10,230 |  | 10,230
Additions | 4,330 |  | 4,330
At 30 September 2025 | 14,560 |  | 14,560
Accumulated amortisation |  |  |
At 01 October 2024 | 6,820 |  | 6,820
Charge for the financial year | 4,853 |  | 4,853
At 30 September 2025 | 11,673 |  | 11,673
Net book value |  |  |
At 30 September 2025 | 2,887 |  | 2,887
At 30 September 2024 | 3,410 |  | 3,410

#### 5. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 October 2024 | 88,989 |  | 7,049 |  | 50,961 |  | 146,999
Additions | 0 |  | 0 |  | 6,167 |  | 6,167
Disposals | 0 |  | 0 |  | ( 7,550) |  | ( 7,550)
At 30 September 2025 | 88,989 |  | 7,049 |  | 49,578 |  | 145,616
Accumulated depreciation |  |  |  |  |  |  |
At 01 October 2024 | 30,995 |  | 7,049 |  | 40,108 |  | 78,152
Charge for the financial year | 8,899 |  | 0 |  | 6,856 |  | 15,755
Disposals | 0 |  | 0 |  | ( 6,782) |  | ( 6,782)
At 30 September 2025 | 39,894 |  | 7,049 |  | 40,182 |  | 87,125
Net book value |  |  |  |  |  |  |
At 30 September 2025 | 49,095 |  | 0 |  | 9,396 |  | 58,491
At 30 September 2024 | 57,994 |  | 0 |  | 10,853 |  | 68,847

#### 6. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 780,896 |  | 603,053

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 337,015 |  | 399,494
Prepayments and accrued income | 78,522 |  | 70,306
Other debtors | 570 |  | 2,470
| 416,107 |  | 472,270

#### 8. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 779,676 |  | 1,138,699

#### 9. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 170,071 |  | 374,930
Accruals | 5,495 |  | 183,580
Corporation tax | 81,849 |  | 58,313
Other taxation and social security | 101,950 |  | 117,373
Other creditors | 15,136 |  | 7,221
| 374,501 |  | 741,417

#### 10. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 11,123 |  | 10,225

#### 11. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 10,225) |  | ( 13,907)
(Charged)/credited to the Statement of Income and Retained Earnings | ( 898) |  | 3,682
At the end of financial year | ( 11,123) |  | ( 10,225)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 11,123) |  | ( 10,300)
Other timing differences | 0 |  | 75
| 0 |  | 0
| ( 11,123) |  | ( 10,225)

#### 12. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 18,000 |  | 36,187
between one and five years | 0 |  | 18,000
Total future minimum lease payments under non-cancellable operating leases | 18,000 |  | 54,187