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Company Registration No. 13414448 (England and Wales)
NEWTECH MEDICAL INNOVATION LTD Unaudited accounts for the year ended 31 May 2025
NEWTECH MEDICAL INNOVATION LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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NEWTECH MEDICAL INNOVATION LTD Company Information for the year ended 31 May 2025
Directors
ODOMA, Gabriel Acheneje ALI, Salihu
Company Number
13414448 (England and Wales)
Registered Office
21 Snowberry Avenue Home Meadow Worcester Worcestershire WR4 0JA England
Accountants
Ease Accounting Associates UK Limited Chartered Accountants Base Point Dartford Business Park 61 Victoria Road DARTFORD Kent DA1 5FS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of NEWTECH MEDICAL INNOVATION LTD for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NEWTECH MEDICAL INNOVATION LTD for the year ended 31 May 2025 as set out on pages 5 - 7 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 icaew.com/membershandbook.
This report is made solely to the Board of Directors of NEWTECH MEDICAL INNOVATION LTD, as a body, in accordance with the terms of our engagement letter dated 1 June 2021. Our work has been undertaken solely to prepare for your approval the accounts of NEWTECH MEDICAL INNOVATION LTD and state those matters that we have agreed to state to the Board of Directors of NEWTECH MEDICAL INNOVATION LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NEWTECH MEDICAL INNOVATION LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NEWTECH MEDICAL INNOVATION 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 NEWTECH MEDICAL INNOVATION LTD. You consider that NEWTECH MEDICAL INNOVATION 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 NEWTECH MEDICAL INNOVATION 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.
Ease Accounting Associates UK Limited Chartered Accountants Chartered Accountants Base Point Dartford Business Park 61 Victoria Road DARTFORD Kent DA1 5FS 8 May 2026
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NEWTECH MEDICAL INNOVATION LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
437
-
Current assets
Debtors
5
36,876
4,500
Cash at bank and in hand
7,501
38,484
44,377
42,984
Creditors: amounts falling due within one year
6
(1,630)
(1,733)
Net current assets
42,747
41,251
Total assets less current liabilities
43,184
41,251
Creditors: amounts falling due after more than one year
7
(40,863)
(39,363)
Net assets
2,321
1,888
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
2,221
1,788
Shareholders' funds
2,321
1,888
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2026 and were signed on its behalf by
ALI, Salihu Director Company Registration No. 13414448
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NEWTECH MEDICAL INNOVATION LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
NEWTECH MEDICAL INNOVATION LTD is a private company, limited by shares, registered in England and Wales, registration number 13414448. The registered office is 21 Snowberry Avenue, Home Meadow, Worcester, Worcestershire, WR4 0JA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing balance basis
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NEWTECH MEDICAL INNOVATION LTD Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 June 2024
-
Additions
582
At 31 May 2025
582
Depreciation
Charge for the year
145
At 31 May 2025
145
Net book value
At 31 May 2025
437
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
898
1,808
Trade debtors
29,286
2,692
Accrued income and prepayments
4,000
-
Other debtors
2,692
-
36,876
4,500
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
499
Taxes and social security
1,030
634
Accruals
600
600
1,630
1,733
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
40,863
39,363
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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