REGISTERED NUMBER: 07650967 (England and Wales)

Quality Medical Group (Services) Limited

Unaudited Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr R D Davies

Mrs S M Davies

A J Davies

SECRETARY:

Mrs S M Davies

REGISTERED OFFICE:

Derwent House

Eco Park Road

Ludlow

SHROPSHIRE

SY8 1FF

REGISTERED NUMBER:

07650967 (England and Wales)

ACCOUNTANTS:

Streets Dyke Ruscoe Ltd

110 Corve Street

Ludlow

SHROPSHIRE

SY8 1DJ

FIXED ASSETS

Tangible assets

4

57,475

52,433

CURRENT ASSETS

Stocks and work in progress

145,765

109,423

Debtors

5

1,963,836

1,550,605

Cash at bank

1,173,049

930,540

3,282,650

2,590,568

CREDITORS

Amounts falling due within one year

6

2,400,735

1,867,303

NET CURRENT ASSETS

881,915

723,265

TOTAL ASSETS LESS CURRENT LIABILITIES

939,390

775,698

CREDITORS

Amounts falling due after more than one year

7

-

(6,158

)

PROVISIONS FOR LIABILITIES

(14,371

)

(13,108

)

NET ASSETS

925,019

756,432

CAPITAL AND RESERVES

Called up share capital

125

125

Retained earnings

924,894

756,307

925,019

756,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

Dr R D Davies - Director

1.	STATUTORY INFORMATION

Quality Medical Group (Services) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2024

11,861

74,266

86,127

Additions

2,023

21,633

23,656

At 30 November 2025

13,884

95,899

109,783

DEPRECIATION

At 1 December 2024

4,230

29,464

33,694

Charge for year

1,678

16,936

18,614

At 30 November 2025

5,908

46,400

52,308

NET BOOK VALUE

At 30 November 2025

7,976

49,499

57,475

At 30 November 2024

7,631

44,802

52,433

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,917,208

1,324,548

Other debtors

-

902

Directors' current accounts

28,978

209,602

Prepayments

17,650

15,553

1,963,836

1,550,605

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,129

10,287

Trade creditors

1,807,255

1,449,081

Tax

223,441

136,843

Social security and other taxes

24,467

21,623

VAT

243,072

194,056

Other creditors

4,024

4,716

Accrued expenses

92,347

50,697

2,400,735

1,867,303

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-5 years

-

6,158

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

17,820

33,494

Between one and five years

-

29,021

17,820

62,515

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

Dr R D Davies

Balance outstanding at start of year

179,415

125

Amounts advanced

6,942

185,288

Amounts repaid

(183,632

)

(5,998

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,725

179,415

A J Davies

Balance outstanding at start of year

30,061

-

Amounts advanced

751

30,061

Amounts repaid

(4,410

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,402

30,061

10.	RELATED PARTY DISCLOSURES

The company occupies premises leased by Dr and Mrs. Davies. The rent and service charges paid by the company to Dr and Mrs. Davies was £15,087 (2024 £13,728) and at the balance sheet date no amount was outstanding. There is no formal lease agreement between the company and Dr and Mrs. Davies.

Included within debtors are loan balances due from the directors. Interest has been charged at 2% to Dr R Davies' loan and 2.5% on Mr A Davies' loan. The balances are repayable on demand.