Medspack Ltd - Filleted accounts

Registered number

11579248

Medspack Ltd

Filleted Accounts

31 January 2026

Medspack Ltd
Registered number:		11579248
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		1,134,194			1,221,439
Tangible assets	4		152,914			205,325
			1,287,108			1,426,764
Current assets
Stocks		38,522			53,420
Debtors	5	708,101			868,549
Cash at bank and in hand		788,102			428,291
		1,534,725			1,350,260

Creditors: amounts falling due within one year	6	(1,087,507)			(905,630)

Net current assets			447,218			444,630

Total assets less current liabilities			1,734,326			1,871,394

Creditors: amounts falling due after more than one year	7		(902,405)			(1,059,705)

Provisions for liabilities			(30,953)			(40,864)

Net assets			800,968			770,825

Capital and reserves
Called up share capital			100			100
Profit and loss account			800,868			770,725

Shareholders' funds			800,968			770,825

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Zaydoun Abbas
Director
Approved by the board on 23 October 2026

Medspack Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over 20 years
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.


	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					17		19





3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							1,744,910
	At 31 January 2026							1,744,910

	Amortisation
	At 1 February 2025							523,471
	Provided during the year							87,245
	At 31 January 2026							610,716

	Net book value
	At 31 January 2026							1,134,194
	At 31 January 2025							1,221,439

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor Vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	7,500		266,367		43,284		317,151
	Additions	-		-		-		-
	At 31 January 2026	7,500		266,367		43,284		317,151

	Depreciation
	At 1 February 2025	1,125		99,880		10,821		111,826
	Charge for the year	375		38,510		13,526		52,411
	At 31 January 2026	1,500		138,390		24,347		164,237

	Net book value
	At 31 January 2026	6,000		127,977		18,937		152,914
	At 31 January 2025	6,375		166,487		32,463		205,325




5	Debtors					2026		2025
£							£

	Trade debtors					213,327		213,035
	Other debtors					494,774		655,514
						708,101		868,549


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					172,167		174,016
	Obligations under finance lease and hire purchase contracts					57,160		66,382
	Trade creditors					349,284		306,338
	Taxation and social security costs					50,602		47,018
	Other creditors					458,294		311,876
						1,087,507		905,630


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					890,697		1,001,384
	Obligations under finance lease and hire purchase contracts					11,708		58,321
						902,405		1,059,705


8	Loans					2026		2025
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					536,970		654,936
						536,970		654,936


	Secured bank loans					1,058,697		1,161,233

	The bank loan is secured by a fixed and floating charge over all assets, property and undertaiking of the company. A personal guarantee has also been given over the Directors home should the loan be defaulted upon.


9	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					287,000		312,000




10	Other information

	Medspack Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	113 Sheen Lane
	London
	SW14 8AE