Company Registration No. SC763275 (Scotland)
Shah Medics Limited
Unaudited accounts
for the year ended 31 March 2026
Shah Medics Limited
Unaudited accounts
Contents
Shah Medics Limited
Company Information
for the year ended 31 March 2026
Directors
Zahid Mahmood Shah
Irum Zahid
Company Number
SC763275 (Scotland)
Registered Office
8 Snead View
Motherwell
Lanarkshire
ML1 5GL
Scotland
Accountants
AMS Accounting Services Ltd
Chartered Certified Accountants
13 Corrie Crescent
Newton Mearns
Glasgow
United Kingdom
G77 5XP
Shah Medics Limited
Statement of financial position
as at 31 March 2026
Tangible assets
3,152
3,674
Cash at bank and in hand
-
740
Creditors: amounts falling due within one year
(42,100)
(31,634)
Net current liabilities
(2,072)
(2,544)
Called up share capital
5
5
Profit and loss account
1,075
1,125
Shareholders' funds
1,080
1,130
For the year ending 31 March 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 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 4 September 2026 and were signed on its behalf by
Zahid Mahmood Shah
Director
Company Registration No. SC763275
Shah Medics Limited
Notes to the Accounts
for the year ended 31 March 2026
Shah Medics Limited is a private company, limited by shares, registered in Scotland, registration number SC763275. The registered office is 8 Snead View, Motherwell, Lanarkshire, ML1 5GL, Scotland.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
15% on reducing balance
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 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.
Shah Medics Limited
Notes to the Accounts
for the year ended 31 March 2026
Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
1,650
3,417
5,067
At 31 March 2026
1,650
3,446
5,096
At 1 April 2025
457
936
1,393
Charge for the year
179
372
551
At 31 March 2026
636
1,308
1,944
At 31 March 2026
1,014
2,138
3,152
At 31 March 2025
1,193
2,481
3,674
Amounts falling due within one year
Accrued income and prepayments
29,765
28,350
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
12,233
-
Taxes and social security
25,880
27,612
Loans from directors
1,322
2,022
Allotted, called up and fully paid:
5 Ordinary shares of £1 each
5
5
Shah Medics Limited
Notes to the Accounts
for the year ended 31 March 2026
8
Transactions with related parties
Dr Zahid Shah, a director is owed an amount of £1,322 (2025: £2,022) as at the balance sheet date. There is no interest on this loan and no fixed date for repayment.
9
Average number of employees
During the year the average number of employees was 3 (2025: 3).