REGISTERED NUMBER: 01037490 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

EMT Healthcare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R D Muir

Mr S L Muir

Mr R G Muir

Mrs N Muir

REGISTERED OFFICE:

Boulevard Industrial Park

Padge Road

Beeston

Nottinghamshire

NG9 2JR

REGISTERED NUMBER:

01037490 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Intangible assets

4

16,338

16,364

Tangible assets

5

643,545

583,311

659,883

599,675

CURRENT ASSETS

Stocks

1,161,809

1,168,929

Debtors

6

2,617,089

2,628,152

Cash at bank and in hand

274,980

133,187

4,053,878

3,930,268

CREDITORS

Amounts falling due within one year

7

2,276,145

2,588,432

NET CURRENT ASSETS

1,777,733

1,341,836

TOTAL ASSETS LESS CURRENT LIABILITIES

2,437,616

1,941,511

CREDITORS

Amounts falling due after more than one year

8

(134,557

)

(169,241

)

PROVISIONS FOR LIABILITIES

(120,865

)

(142,948

)

NET ASSETS

2,182,194

1,629,322

CAPITAL AND RESERVES

Called up share capital

9

3,636

3,636

Share premium

99,362

99,362

Capital redemption reserve

3,000

3,000

Retained earnings

2,076,196

1,523,324

SHAREHOLDERS' FUNDS

2,182,194

1,629,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

Mr R D Muir - Director

1.	STATUTORY INFORMATION

EMT Healthcare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. These financial statements have been prepared under the historical cost convention as modified by the use of fair values for certain financial instruments in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises turnover when the amount of turnover can be reliably measured, and it is probable that future economic benefits will flow to the entity. Turnover from the sale of goods is recognised when the risks and rewards of ownership are transferred to the customer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property lease costs are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

at varying rates on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined using the most recent purchase price method. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 48 ) .

4.	INTANGIBLE FIXED ASSETS

Property

lease

Development

costs

costs

Totals

£

£

£

COST

At 1 January 2024

15,283

19,926

35,209

Additions

-

3,733

3,733

At 31 December 2024

15,283

23,659

38,942

AMORTISATION

At 1 January 2024

7,745

11,100

18,845

Amortisation for year

1,528

2,231

3,759

At 31 December 2024

9,273

13,331

22,604

NET BOOK VALUE

At 31 December 2024

6,010

10,328

16,338

At 31 December 2023

7,538

8,826

16,364

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

114,778

469,315

217,022

801,115

Additions

-

189,773

-

189,773

Disposals

(31,650

)

-

-

(31,650

)

At 31 December 2024

83,128

659,088

217,022

959,238

DEPRECIATION

At 1 January 2024

30,626

148,792

38,386

217,804

Charge for year

8,493

74,231

30,885

113,609

Eliminated on disposal

(15,720

)

-

-

(15,720

)

At 31 December 2024

23,399

223,023

69,271

315,693

NET BOOK VALUE

At 31 December 2024

59,729

436,065

147,751

643,545

At 31 December 2023

84,152

320,523

178,636

583,311

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

196,522

DEPRECIATION

At 1 January 2024

21,970

Charge for year

26,801

At 31 December 2024

48,771

NET BOOK VALUE

At 31 December 2024

147,751

At 31 December 2023

174,552

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,673,859

2,144,252

Other debtors

808,737

358,967

Prepayments and accrued income

134,493

124,933

2,617,089

2,628,152

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,378

17,721

Finance leases

24,427

18,542

Trade creditors

1,608,061

1,356,901

Tax

241,260

225,905

Social security and other taxes

31,798

2,054

VAT

155,769

261,988

Other creditors

39,304

83,973

Debt factoring

37,120

279,815

Accruals and deferred income

128,028

341,533

2,276,145

2,588,432

The company separately presents liabilities due to the debt factor from the related trade debtors in accordance with the substance of the factoring agreement.

The bank overdraft, including amounts advanced as part of the debt factoring agreement, is secured by a first fixed charge over book and other debts, chattels and uncalled capital, both present and future, and a first floating charge over all assets and undertakings, both present and future.

The company currently meets its day to day working capital requirements through overdraft and factoring facilities which are effectively repayable on demand in accordance with usual practice. The directors expect the company to operate within the facilities currently agreed and consider that additional facilities would be available should a short-term requirement for additional working capital arise.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,287

10,379

Bank loans - 2-5 years

-

5,165

Finance leases

129,270

153,697

134,557

169,241

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

3,000

Ordinary A

£1

3,000

3,000

636

Ordinary B

£1

636

636

3,636

3,636

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr R D Muir

Balance outstanding at start of year

145,448

107,327

Amounts advanced

202,808

145,519

Amounts repaid

(145,499

)

(107,398

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

202,757

145,448

Mr S L Muir

Balance outstanding at start of year

49,284

32,969

Amounts advanced

82,146

50,215

Amounts repaid

(78,455

)

(33,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

52,975

49,284

Mr R G Muir

Balance outstanding at start of year

109,405

74,295

Amounts advanced

163,735

109,410

Amounts repaid

(109,500

)

(74,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

163,640

109,405

Mr V R Harania

Balance outstanding at start of year

-

24

Amounts advanced

-

20,200

Amounts repaid

-

(20,224

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest has been charged on the overdrawn directors loan accounts at HM Revenue and Customs official rate of interest of 2.25% per annum.

The overdrawn directors loan account was cleared within nine months of the year end.

11.	RELATED PARTY DISCLOSURES

At 31st December 2024, Muirtech Group Limited (formerly Stancrown Limited), the parent company, owed EMT Healthcare Limited £58,499 (2023: £Nil), interest has not been charged on the outstanding balance.

At 31st December 2024, National Care Supplies Limited, a company within the same group as EMT Healthcare Limited, owed EMT Healthcare Limited £330,866 (2023: £17,149), interest has not been charged on the outstanding balance.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Muirtech Group Limited (formerlyStancrown Limited).

The company is controlled by its immediate and ultimate parent company Muirtech Group Limited (formerly Stancrown Limited), which has no majority shareholder. Muirtech Group Limited is a company registered in England and Wales and shares its registered office address with EMT Healthcare Limited.

The parent company of the largest and smallest group for which consolidated accounts are prepared is Muirtech Group Limited. Consolidated accounts are available from Companies House.