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Registered number: 02998023
Medalfix Limited
Financial Statements
For The Year Ended 30 June 2026
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director Mr David Jobling
Secretary Mrs Helen Jobling
Company Number 02998023
Registered Office 56 Whiterocks Grove
Whitburn
Sunderland
SR6 7LL
Accountants The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Page 1
Page 2
Statement of Financial Position
Registered number: 02998023
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,130 2,709
2,130 2,709
CURRENT ASSETS
Debtors 5 10,530 2,541
Cash at bank and in hand 59,301 50,912
69,831 53,453
Creditors: Amounts Falling Due Within One Year 6 (67,994 ) (52,275 )
NET CURRENT ASSETS (LIABILITIES) 1,837 1,178
TOTAL ASSETS LESS CURRENT LIABILITIES 3,967 3,887
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (405 ) (515 )
NET ASSETS 3,562 3,372
CAPITAL AND RESERVES
Called up share capital 9 4 4
Income Statement 3,558 3,368
SHAREHOLDERS' FUNDS 3,562 3,372
Page 2
Page 3
For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr David Jobling
Director
9th October 2026
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Medalfix Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02998023 . The registered office is 56 Whiterocks Grove, Whitburn, Sunderland, SR6 7LL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Computer Equipment 33% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
Page 4
Page 5
2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2025 1,572 8,886 10,458
Additions - 1,813 1,813
Disposals - (494 ) (494 )
As at 30 June 2026 1,572 10,205 11,777
Depreciation
As at 1 July 2025 981 6,768 7,749
Provided during the period 89 1,809 1,898
As at 30 June 2026 1,070 8,577 9,647
Net Book Value
As at 30 June 2026 502 1,628 2,130
As at 1 July 2025 591 2,118 2,709
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Page 6
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 9,233 2,420
Prepayments and accrued income 1,297 121
10,530 2,541
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 1 (1 )
Corporation tax 15,866 12,004
VAT 4,122 3,468
Other creditors 8,800 5,250
Accruals and deferred income 30,156 26,367
Director's loan account 9,049 5,187
67,994 52,275
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2026 2025
£ £
Other timing differences 405 515
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2025 515 515
Deferred taxation (110 ) (110 )
Balance at 30 June 2026 405 405
Page 6
Page 7
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 4 4
Page 7