Amethyst Connect Ltd (formerly Amethyst Medical Limited)

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 10342174

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		2,975		3,654

			2,975		3,654
CURRENT ASSETS
Debtors	4	34,444		30,540
Cash at bank and in hand		253,972		241,865

		288,416		272,405
Creditors: Amounts Falling Due Within One Year	5	(54,430 )		(65,895 )

NET CURRENT ASSETS (LIABILITIES)			233,986		206,510

TOTAL ASSETS LESS CURRENT LIABILITIES			236,961		210,164

NET ASSETS			236,961		210,164

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			236,960		210,163

SHAREHOLDERS' FUNDS			236,961		210,164

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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

S Newton

Director

30/04/2026

The notes on pages 2 to 4 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form 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.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line method
Computer Equipment	20% straight line method

1.4. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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Amethyst Connect Ltd (formerly Amethyst Medical Limited)

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

1.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

3. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	992	4,600	5,592
Additions	-	749	749
Disposals	-	(396 )	(396 )

As at 31 March 2026	992	4,953	5,945

Depreciation
As at 1 April 2025	549	1,389	1,938
Provided during the period	198	991	1,189
Disposals	-	(157 )	(157 )

As at 31 March 2026	747	2,223	2,970

Net Book Value
As at 31 March 2026	245	2,730	2,975

As at 1 April 2025	443	3,211	3,654

4. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	34,444	30,540

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Amethyst Connect Ltd (formerly Amethyst Medical Limited)

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	6,366	-
Corporation tax	22,832	-
Other taxes and social security	19,928	65,895
Director's loan account	5,304	-

	54,430	65,895

6. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1 each	1	1

7. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	50,000	53,439

8. Ultimate Controlling Party

The company's ultimate controlling party is S Newton , a director and shareholder of the company.

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