Medical Hardware Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13793702

Medical Hardware Limited

Filleted Unaudited Financial Statements

31 December 2025

Medical Hardware Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Medical Hardware Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		43,755	11,587

Current assets

Debtors	7	129,059	166,875
Cash at bank and in hand		19,845	167,044
		---------	---------
		148,904	333,919

Creditors: amounts falling due within one year	8	4,500,832		4,535,472
		------------		------------
Net current liabilities			4,351,928	4,201,553
			------------	------------
Total assets less current liabilities			( 4,308,173)	( 4,189,966)
			------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 4,308,273)	( 4,190,066)
	------------	------------
Shareholders deficit	( 4,308,173)	( 4,189,966)
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 October 2026 , and are signed on behalf of the board by:

Mr N Elliott
Director

Company registration number: 13793702

Medical Hardware Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wellington House, Cotswold Business Park, Kemble, Cirencester, Gloucestershire, GL7 6BQ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for at least one year from the date of the financial information. For these reasons they continue to adopt the going concern basis in preparing the company's financial information.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2025	11,750	140	11,890
Additions	19,200	25,342	44,542
	--------	--------	--------
At 31 December 2025	30,950	25,482	56,432
	--------	--------	--------
Depreciation
At 1 January 2025	218	85	303
Charge for the year	7,264	5,110	12,374
	--------	--------	--------
At 31 December 2025	7,482	5,195	12,677
	--------	--------	--------
Carrying amount
At 31 December 2025	23,468	20,287	43,755
	--------	--------	--------
At 31 December 2024	11,532	55	11,587
	--------	--------	--------

6. Investments

	Other investments other than loans
	£
Cost
At 1 January 2025 and 31 December 2025	200,000
	---------
Impairment
At 1 January 2025 and 31 December 2025	200,000
	---------

Carrying amount
At 31 December 2025	–
	---------
At 31 December 2024	–
	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	2,228	71,855
Other debtors	126,831	95,020
	---------	---------
	129,059	166,875
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	3,045	16,725
Social security and other taxes	–	12,385
Other creditors	4,497,787	4,506,362
	------------	------------
	4,500,832	4,535,472
	------------	------------

9. Related party transactions

At the year end, the company owed a director £4,497,787 (2024 : £4,506,362).