REGISTERED NUMBER: 12311210 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

South Coast Vascular Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr L D Wijesinghe

REGISTERED OFFICE:

Solent House

107a Alma Road

Southampton

SO14 6UY

REGISTERED NUMBER:

12311210 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

847

1,641

Investments

6

115,153

105,692

116,000

107,333

CURRENT ASSETS

Debtors

7

11,350

13,383

Cash at bank

104,480

76,282

115,830

89,665

CREDITORS

Amounts falling due within one year

8

9,404

6,420

NET CURRENT ASSETS

106,426

83,245

TOTAL ASSETS LESS CURRENT LIABILITIES

222,426

190,578

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

222,425

190,577

SHAREHOLDERS' FUNDS

222,426

190,578

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 director acknowledges his 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 director and authorised for issue on 25 August 2026 and were signed by:

Mr L D Wijesinghe - Director

1.	STATUTORY INFORMATION

South Coast Vascular 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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

50,000

AMORTISATION

At 1 December 2024

and 30 November 2025

50,000

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 December 2024

and 30 November 2025

110

2,361

2,471

DEPRECIATION

At 1 December 2024

51

779

830

Charge for year

15

779

794

At 30 November 2025

66

1,558

1,624

NET BOOK VALUE

At 30 November 2025

44

803

847

At 30 November 2024

59

1,582

1,641

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 December 2024

105,692

Revaluations

9,461

At 30 November 2025

115,153

NET BOOK VALUE

At 30 November 2025

115,153

At 30 November 2024

105,692

Cost or valuation at 30 November 2025 is represented by:

Other

investments

£

Valuation in 2025

115,153

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

2,277

3,555

Prepayments

9,073

9,828

11,350

13,383

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Corporation tax

5,719

3,928

Other creditors

500

500

Directors' current accounts

1,685

552

Accrued expenses

1,500

1,440

9,404

6,420

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

60

Ordinary A

£0.01

1

1

40

Ordinary B

£0.01

-

-

1

1

10.

RESERVES

Retained

earnings

£

At 1 December 2024

190,577

Profit for the year

32,848

Dividends

(1,000

)

At 30 November 2025

222,425

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.11.25

30.11.24

£

£

Mr L D Wijesinghe

Balance outstanding at start of year

(552

)

(3,552

)

Amounts advanced

552

4,685

Amounts repaid

(1,685

)

(1,685

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,685

)

(552

)

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £500 were paid to the director .