Company Registration No. 13519036 (England and Wales)
Model Pharm Limited
Unaudited accounts
for the year ended 31 July 2026
Model Pharm Limited
Unaudited accounts
Contents
Model Pharm Limited
Company Information
for the year ended 31 July 2026
Directors
Mr Oladipo Rasheed Sodunke
Mr Olagoke Abdulganiu Sodunke
Company Number
13519036 (England and Wales)
Registered Office
6 SAMPHIRE ROAD
OXFORD
OX4 6RF
ENGLAND
Accountants
Edmil Accountants UK Ltd
78A Broadway
Didcot
Oxfordshire
OX11 8AE
Model Pharm Limited
Statement of financial position
as at 31 July 2026
Tangible assets
2,863
4,217
Cash at bank and in hand
3,871
25
Creditors: amounts falling due within one year
(13,102)
(15,010)
Net current liabilities
(9,231)
(14,985)
Net liabilities
(6,368)
(10,768)
Called up share capital
1
1
Profit and loss account
(6,369)
(10,769)
Shareholders' funds
(6,368)
(10,768)
For the year ending 31 July 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 12 October 2026 and were signed on its behalf by
Mr Oladipo Rasheed Sodunke
Director
Company Registration No. 13519036
Model Pharm Limited
Notes to the Accounts
for the year ended 31 July 2026
Model Pharm Limited is a private company, limited by shares, registered in England and Wales, registration number 13519036. The registered office is 6 SAMPHIRE ROAD, OXFORD, OX4 6RF, ENGLAND.
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.
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:
Computer equipment
33.33 % SLM
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2025
3,999
1,062
5,061
At 31 July 2026
3,999
1,062
5,061
At 1 August 2025
667
177
844
Charge for the year
1,000
354
1,354
At 31 July 2026
1,667
531
2,198
At 31 July 2026
2,332
531
2,863
At 31 July 2025
3,332
885
4,217
Model Pharm Limited
Notes to the Accounts
for the year ended 31 July 2026
5
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
1,876
637
Other creditors
5,959
2,280
Loans from directors
4,617
11,443
6
Transactions with related parties
At year end, the Company owed the sum of £4,617 (FY:2025 - £11,443) to the Director Mr Oladipo Rasheed Sodunke.
7
Average number of employees
During the year the average number of employees was 2 (2025: 2).