The South Wales Multiple Sclerosis Therapy Centre Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 02345074

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		170,692		170,692

			170,692		170,692
CURRENT ASSETS
Debtors	5	625		-
Cash at bank and in hand		44,873		48,038

		45,498		48,038
Creditors: Amounts Falling Due Within One Year	6	(714 )		(811 )

NET CURRENT ASSETS (LIABILITIES)			44,784		47,227

TOTAL ASSETS LESS CURRENT LIABILITIES			215,476		217,919

NET ASSETS			215,476		217,919

Income and Expenditure Account			215,476		217,919

MEMBERS' FUNDS			215,476		217,919

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.

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 and Expenditure Account.

On behalf of the board

Mr Philip James

Director

28/10/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

The South Wales Multiple Sclerosis Therapy Centre Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 02345074 . The registered office is Swansea Oxygen Clinic , St Marys Court, Swansea, SA1 7DA.

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:

Freehold	33
Leasehold	33
Plant & Machinery	25
Fixtures & Fittings	25

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 6)

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2025	206,718	50,624	257,342

As at 31 March 2026	206,718	50,624	257,342

Depreciation
As at 1 April 2025	37,767	48,883	86,650

As at 31 March 2026	37,767	48,883	86,650

...CONTINUED

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The South Wales Multiple Sclerosis Therapy Centre Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026	168,951	1,741	170,692

As at 1 April 2025	168,951	1,741	170,692

5. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	625	-

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	(1 )	1
Other taxes and social security	715	553
Accruals and deferred income	-	257

	714	811

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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