Cotswold Medicals Limited - Filleted accounts

Registered number

03511231

Cotswold Medicals Limited

Filleted Accounts

31 July 2025

Cotswold Medicals Limited
Registered number:		03511231
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,030			1,987

Current assets
Stocks		5,250			2,000
Debtors	4	709,883			668,629
Cash at bank and in hand		923,225			406,455
		1,638,358			1,077,084

Creditors: amounts falling due within one year	5	(625,058)			(335,695)

Net current assets			1,013,300			741,389

Total assets less current liabilities			1,016,330			743,376


Provisions for liabilities			(758)			(518)


Net assets			1,015,572			742,858

Capital and reserves
Called up share capital			2			2
Profit and loss account			1,015,570			742,856

Shareholders' funds			1,015,572			742,858

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr P Thornley
Director
Approved by the board on 28 April 2026

Cotswold Medicals Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

	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 rendering of services.Turnover from the rendering of services is recognised by the value of services completed under the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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 only when future cashflows are defined in a contract.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.




	Taxation (Continued)
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		8		7


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 August 2024				12,100
	Additions				1,879
	At 31 July 2025				13,979

	Depreciation
	At 1 August 2024				10,113
	Charge for the year				836
	At 31 July 2025				10,949

	Net book value
	At 31 July 2025				3,030
	At 31 July 2024				1,987


4	Debtors		2025		2024
£				£

	Trade debtors		383,999		343,561
	Debtors - Loans		323,480		323,480
	Other debtors		2,404		1,588
			709,883		668,629








5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		611		421
	Taxation and social security costs		255,769		189,267
	Other loans		-		78,816
	Other creditors		368,678		67,191
			625,058		335,695


6	Other information

	Cotswold Medicals Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Coverdale House
	Little Sodbury End
	Chipping Sodbury
	Bristol
	BS37 6QE