REGISTERED NUMBER: 02853100 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Physio Med Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R C Clayton

M C Fletcher

J J Fletcher

P S Wimpenny

SECRETARY:

J J Fletcher

REGISTERED OFFICE:

Chartered House

Gelderd Road

Wortley

Leeds

West Yorkshire

LS12 6DT

REGISTERED NUMBER:

02853100 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Intangible assets

4

100,707

59,813

Tangible assets

5

11,572

13,699

Investments

6

15,414

9,956

127,693

83,468

CURRENT ASSETS

Debtors

7

1,582,877

1,659,221

Cash at bank and in hand

636,798

556,745

2,219,675

2,215,966

CREDITORS

Amounts falling due within one year

8

371,541

338,766

NET CURRENT ASSETS

1,848,134

1,877,200

TOTAL ASSETS LESS CURRENT LIABILITIES

1,975,827

1,960,668

CREDITORS

Amounts falling due after more than one year

9

-

(4,199

)

PROVISIONS FOR LIABILITIES

(2,893

)

(3,425

)

NET ASSETS

1,972,934

1,953,044

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,972,834

1,952,944

SHAREHOLDERS' FUNDS

1,972,934

1,953,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 June 2026 and were signed on its behalf by:

P R C Clayton - Director

1.	STATUTORY INFORMATION

Physio Med 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 represents amounts chargeable to clients for professional services provided during the year. Turnover is recognised upon the completion of the service when the obligation to pay becomes due.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty 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.

Computer software is being amortised evenly over its estimated useful life of five years.

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme in respect of directors and employees. Contributions payable to the company's pension scheme are charged to profit or loss in the period in which they are defrayed.

Fixed asset investments

Fixed asset investments are recognised at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2025

20,000

74,766

94,766

Additions

-

69,809

69,809

At 31 December 2025

20,000

144,575

164,575

AMORTISATION

At 1 January 2025

20,000

14,953

34,953

Charge for year

-

28,915

28,915

At 31 December 2025

20,000

43,868

63,868

NET BOOK VALUE

At 31 December 2025

-

100,707

100,707

At 31 December 2024

-

59,813

59,813

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

8,804

55,754

64,376

128,934

Additions

-

880

850

1,730

At 31 December 2025

8,804

56,634

65,226

130,664

DEPRECIATION

At 1 January 2025

8,352

52,959

53,924

115,235

Charge for year

113

918

2,826

3,857

At 31 December 2025

8,465

53,877

56,750

119,092

NET BOOK VALUE

At 31 December 2025

339

2,757

8,476

11,572

At 31 December 2024

452

2,795

10,452

13,699

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

9,956

Additions

1,032

Revaluations

4,426

At 31 December 2025

15,414

NET BOOK VALUE

At 31 December 2025

15,414

At 31 December 2024

9,956

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2017

3,708

Valuation in 2018

(4,966

)

Valuation in 2019

2,356

Valuation in 2020

271

Valuation in 2021

(3,674

)

Valuation in 2022

(528

)

Valuation in 2023

(3,325

)

Valuation in 2024

(1,963

)

Valuation in 2025

4,426

Cost

19,109

15,414

7.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

396,678

362,175

Other debtors

1,053,284

1,181,360

1,449,962

1,543,535

Amounts falling due after more than one year:

Other debtors

132,915

115,686

Aggregate amounts

1,582,877

1,659,221

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

4,199

10,000

Trade creditors

155,555

136,863

Taxation and social security

165,343

166,520

Other creditors

46,444

25,383

371,541

338,766

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

4,199

10.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

£

Within one year

114,859

116,022

Between one and five years

8,058

15,249

122,917

131,271

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

J J Fletcher

Balance outstanding at start of year

104,153

90,877

Amounts advanced

18,436

13,588

Amounts repaid

(312

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

122,277

104,153

P R C Clayton

Balance outstanding at start of year

126,205

105,102

Amounts advanced

14,700

21,415

Amounts repaid

(312

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

140,593

126,205

M C Fletcher

Balance outstanding at start of year

122,468

106,191

Amounts advanced

18,848

16,589

Amounts repaid

(312

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

141,004

122,468

These loans are repayable on demand.