Company No: 07305206 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	59,257		62,953
Tangible assets	4	50,507		39,027
		109,764		101,980
Current assets
Stocks	5	428,059		393,183
Debtors	6	716,337		850,174
Cash at bank and in hand	7	31,124		111,344
		1,175,520		1,354,701
Creditors: amounts falling due within one year	8	( 1,162,480)		( 1,240,485)
Net current assets		13,040		114,216
Total assets less current liabilities		122,804		216,196
Provision for liabilities	9	( 155)		( 9,757)
Net assets		122,649		206,439
Capital and reserves
Called-up share capital	10	105		105
Share premium account		43,690		39,956
Profit and loss account		78,854		166,378
Total shareholders' funds		122,649		206,439

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Procure Health Limited (registered number: 07305206) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

L Wilcox Director

17 July 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Procure Health Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 5 Farmbrough Close, Aylesbury, HP20 1DQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	4 years straight line
	10 % reducing balance
Vehicles	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	18		20

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 February 2025	84,554		84,554
Additions	6,062		6,062
At 31 January 2026	90,616		90,616
Accumulated amortisation
At 01 February 2025	21,601		21,601
Charge for the financial year	9,758		9,758
At 31 January 2026	31,359		31,359
Net book value
At 31 January 2026	59,257		59,257
At 31 January 2025	62,953		62,953

4. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 February 2025	128,883		40,458		169,341
Additions	3,198		30,818		34,016
At 31 January 2026	132,081		71,276		203,357
Accumulated depreciation
At 01 February 2025	99,167		31,147		130,314
Charge for the financial year	13,633		8,903		22,536
At 31 January 2026	112,800		40,050		152,850
Net book value
At 31 January 2026	19,281		31,226		50,507
At 31 January 2025	29,716		9,311		39,027

5. Stocks

	2026		2025
	£		£
Stocks	428,059		393,183

6. Debtors

	2026		2025
	£		£
Trade debtors	643,457		786,489
Deferred tax asset	7,945		0
Corporation tax	11,090		0
Other debtors	53,845		63,685
	716,337		850,174

7. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	31,124		111,344

8. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	795,443		743,955
Accruals	38,172		19,853
Corporation tax	0		10,817
Other taxation and social security	69,416		40,105
Other creditors	259,449		425,755
	1,162,480		1,240,485

9. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 9,757)		( 12,222)
Credited to the Profit and Loss Account	17,547		2,465
At the end of financial year	7,790		( 9,757)

The deferred taxation balance is made up as follows:

	2026		2025
	£		£
Accelerated capital allowances	( 12,930)		( 9,757)
Tax losses carry forward	20,720		0
	7,790		( 9,757)

10. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
2,777 A ordinary shares of £ 0.001 each	3		3
2,141 B ordinary shares of £ 0.001 each (2025: 1,794 shares of £ 0.001 each)	2		2
35,000 C ordinary shares of £ 0.001 each	35		35
15,000 D ordinary shares of £ 0.001 each	15		15
35,000 E ordinary shares of £ 0.001 each	35		35
15,000 F ordinary shares of £ 0.001 each	15		15
	105		105

During the year, the Company issued 377 Ordinary B shares with a nominal value of £0.001 each for a total consideration of £3,734.

11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
Within one year	117,260		44,434
Between one and five years	445,149		0
	562,409		44,434

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,489 (2025: £11,621).

	2026		2025
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	2,072		2,151