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Registered number: 12886938
Meddicc Ltd
Financial Statements
For the Period 1 October 2024 to 31 January 2026
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12886938
31 January 2026 30 September 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 191,478 288,327
Tangible Assets 5 95,919 40,304
287,397 328,631
CURRENT ASSETS
Debtors 6 731,153 776,292
Cash at bank and in hand 733,781 223,942
1,464,934 1,000,234
Creditors: Amounts Falling Due Within One Year 7 (1,973,016 ) (1,177,239 )
NET CURRENT ASSETS (LIABILITIES) (508,082 ) (177,005 )
TOTAL ASSETS LESS CURRENT LIABILITIES (220,685 ) 151,626
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,989 ) (4,796 )
NET (LIABILITIES)/ASSETS (240,674 ) 146,830
CAPITAL AND RESERVES
Called up share capital 8 107 107
Share premium account 56,403 55,559
Profit and Loss Account (297,184 ) 91,164
SHAREHOLDERS' FUNDS (240,674) 146,830
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For the period ending 31 January 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 Profit and Loss Account.
On behalf of the board
A Whyte
Director
29th October 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Meddicc Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12886938 . The registered office is Unit 3, Elm Low Road, Wisbech, Cambridgeshire, PE14 0DF.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are cryptocurrencies. It is adjusted to fair value through the profit and loss account. 
2.5. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which is 5 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.6. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life of 10 years.
2.7. 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:
Leasehold Straight line over 5 years
Motor Vehicles 25% reducing balance
Fixtures & Fittings Straight line over 3 years
Computer Equipment Straight line over 3 years
2.8. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads. 
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.10. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.11. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.12. Extended period
The financial statements for the period are extended to 16 months, running from 1st October 2024 to 31st January 2026.
The comparative year is for a 12 month period. 
3. Average Number of Employees
Average number of employees, including directors, during the period was: 44 (2024: 22)
44 22
4. Intangible Assets
Other Development Costs Intellectual Property Total
£ £ £ £
Cost or Valuation
As at 1 October 2024 47,674 397,419 470 445,563
Additions - - 78 78
Revaluations 9,122 - - 9,122
As at 31 January 2026 56,796 397,419 548 454,763
Amortisation
As at 1 October 2024 - 157,065 171 157,236
Provided during the period - 105,979 70 106,049
As at 31 January 2026 - 263,044 241 263,285
Net Book Value
As at 31 January 2026 56,796 134,375 307 191,478
As at 1 October 2024 47,674 240,354 299 288,327
The historical cost of the other intangible asset included above at valuation is £16,905 (2025: £16,905)
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5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2024 - 47,390 29,035 49,180 125,605
Additions 27,791 - 69,076 4,616 101,483
As at 31 January 2026 27,791 47,390 98,111 53,796 227,088
Depreciation
As at 1 October 2024 - 29,897 22,425 32,979 85,301
Provided during the period 5,967 4,373 21,334 14,194 45,868
As at 31 January 2026 5,967 34,270 43,759 47,173 131,169
Net Book Value
As at 31 January 2026 21,824 13,120 54,352 6,623 95,919
As at 1 October 2024 - 17,493 6,610 16,201 40,304
6. Debtors
31 January 2026 30 September 2024
as restated
£ £
Due within one year
Trade debtors 626,042 678,087
Other debtors 105,111 98,205
731,153 776,292
7. Creditors: Amounts Falling Due Within One Year
31 January 2026 30 September 2024
as restated
£ £
Trade creditors 108,494 1,300
Bank loans and overdrafts - 220
Other creditors 1,860,456 1,168,305
Taxation and social security 4,066 7,414
1,973,016 1,177,239
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8. Share Capital
31 January 2026 30 September 2024
as restated
Allotted, called up and fully paid £ £
100,000,000 Ordinary Shares of £ 0.000001 each 100 100
6,531,006 Ordinary B shares of £ 0.000001 each 7 7
107 107
Share capital and share premium
During the period, the company issued 140,000 ordinary B shares of £0.000001 each for total consideration of £843.64. The excess of the consideration received over the nominal value of the shares, amounting to £843.50, has been credited to the share premium account.
9. Reserves
Share Premium Profit and Loss Account
£ £
As at 1 October 2024 55,559 91,164
Loss for the period and total comprehensive income - (388,348 )
Arising on shares issued during the period 844 -
As at 31 January 2026 56,403 (297,184 )
Included within the profit and loss reserve is an amount of £39,890 relating to unrealised fair value gains on investments, which is non-distributable under FRS 102 and the Companies Act.
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