Company Registration No. 09942175 (England and Wales)
MEDICAL ARTIST LIMITED
Unaudited accounts
for the year ended 31 December 2025
MEDICAL ARTIST LIMITED
Unaudited accounts
Contents
MEDICAL ARTIST LIMITED
Company Information
for the year ended 31 December 2025
Directors
Joanna Julia Anne Butler
Timothy Richard Butler
Company Number
09942175 (England and Wales)
Registered Office
30 Sunvale Avenue
Haslemere
Surrey
GU27 1PJ
England
Accountants
SM Accounts Ltd
Unit 47H Passfield Business Centre
Lynchborough Road
Passfield
GU30 7SB
MEDICAL ARTIST LIMITED
Statement of financial position
as at 31 December 2025
Cash at bank and in hand
6,775
18,845
Creditors: amounts falling due within one year
(6,661)
(9,044)
Net current assets
8,580
11,722
Total assets less current liabilities
12,346
12,573
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
11,736
12,571
Shareholders' funds
11,738
12,573
For the year ending 31 December 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 7 July 2026 and were signed on its behalf by
Timothy Richard Butler
Director
Company Registration No. 09942175
MEDICAL ARTIST LIMITED
Notes to the Accounts
for the year ended 31 December 2025
MEDICAL ARTIST LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09942175. The registered office is 30 Sunvale Avenue, Haslemere, Surrey, GU27 1PJ, 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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
10% on cost
Computer equipment
33% on Cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 10% on Cost
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MEDICAL ARTIST LIMITED
Notes to the Accounts
for the year ended 31 December 2025
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2025
2,700
4,238
6,938
At 31 December 2025
2,700
9,020
11,720
At 1 January 2025
1,867
4,238
6,105
Charge for the year
270
1,580
1,850
At 31 December 2025
2,137
5,818
7,955
At 31 December 2025
563
3,202
3,765
At 31 December 2024
833
-
833
Amounts falling due within one year
Accrued income and prepayments
574
188
7
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
36
-
Taxes and social security
3,321
4,170
Loans from directors
2,458
4,326
MEDICAL ARTIST LIMITED
Notes to the Accounts
for the year ended 31 December 2025
8
Transactions with related parties
Included within creditors is £ 35.94 owed to Innovation Visual Ltd, a fellow subsidiary undertaking within the Panovus Group.
The balance is unsecured, interest free and repayable on demand.
Included within creditors is £2,458 owed to Timothy Richard Butler, a director of the company. The balance is unsecured, interest
free and repayable on demand.
The immediate parent undertaking is Panovus Group Ltd, a company incorporated in England and Wales (Company number
16487244). The company is jointly owned by Mrs Joanna Julia Anne Butler and Mr Timothy Richard Butler. In the opinion of the
directors, there is no single ultimate controlling party. No group consolidated accounts are prepared
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).