Medical World Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02997316

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		138,784		158,004

			138,784		158,004
CURRENT ASSETS
Stocks	5	280,280		339,616
Debtors	6	248,301		210,663
Cash at bank and in hand		239,541		255,084

		768,122		805,363
Creditors: Amounts Falling Due Within One Year	7	(455,356 )		(434,159 )

NET CURRENT ASSETS (LIABILITIES)			312,766		371,204

TOTAL ASSETS LESS CURRENT LIABILITIES			451,550		529,208

Creditors: Amounts Falling Due After More Than One Year	8		(33,013 )		(40,972 )

NET ASSETS			418,537		488,236

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			418,535		488,234

SHAREHOLDERS' FUNDS			418,537		488,236

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Medical World Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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.

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

Mr Leslie Turner

Director

07/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Medical World Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02997316 . The registered office is 9 Swan Lane Industrial Estate, Swan Lane, West Bromwich, B70 0NU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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

Sale of goods

Turnover from 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.

2.3. 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	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	15% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 22 (2025: 23)

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Medical World Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	37,560	109,347	214,623	145,917	507,447
Additions	-	-	-	802	802

As at 31 January 2026	37,560	109,347	214,623	146,719	508,249

Depreciation
As at 1 February 2025	37,401	67,221	138,657	106,164	349,443
Provided during the period	40	10,531	3,378	6,073	20,022

As at 31 January 2026	37,441	77,752	142,035	112,237	369,465

Net Book Value
As at 31 January 2026	119	31,595	72,588	34,482	138,784

As at 1 February 2025	159	42,126	75,966	39,753	158,004

5. Stocks

	2026	2025
	£	£
Stock	280,280	339,616

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	176,146	148,475
Other debtors	72,155	62,188

	248,301	210,663

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	7,959	7,959
Trade creditors	338,727	338,280
Other creditors	44,968	16,831
Taxation and social security	63,702	71,089

	455,356	434,159

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	33,013	40,972

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Medical World Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,959	7,959
Later than one year and not later than five years	33,013	40,972

	40,972	48,931

	40,972	48,931

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

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