REGISTERED NUMBER: 04244397 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MEDICAL ACCESS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N D Studdart

SECRETARY:

N D Studdart

REGISTERED OFFICE:

Unit 6 Europa Court

Dee View Boulevard

Chester

Cheshire

CH1 4NP

REGISTERED NUMBER:

04244397 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

National Westminster Bank Plc

56 Westgate

Wakefield

West Yorkshire

WF1 1XF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

71,279

95,165

71,279

95,165

CURRENT ASSETS

Stocks

425,773

406,329

Debtors

6

333,375

364,028

Cash at bank and in hand

324,229

572,034

1,083,377

1,342,391

CREDITORS

Amounts falling due within one year

7

595,139

716,933

NET CURRENT ASSETS

488,238

625,458

TOTAL ASSETS LESS CURRENT LIABILITIES

559,517

720,623

PROVISIONS FOR LIABILITIES

17,820

23,791

NET ASSETS

541,697

696,832

CAPITAL AND RESERVES

Called up share capital

9

125

125

Retained earnings

541,572

696,707

SHAREHOLDERS' FUNDS

541,697

696,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2025 and were signed by:

N D Studdart - Director

1.	STATUTORY INFORMATION

Medical Access 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Turnover from the sale of medical consumables is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually upon dispatch of the goods, the amount of revenue can be measured reliably, it is probable the the economic benefit associated with the transaction will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

Intangible assets

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

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website development

25% straight line

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Improvements to property

20% straight line

Fixtures and fittings

20% straight line

Computer equipment

25% straight line

Stocks

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

Costs is calculated using the first-in, first-out method and includes all costs associated with bringing the stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating lease commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Revenue grants

Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

£

COST

At 1 April 2024

and 31 March 2025

7,700

AMORTISATION

At 1 April 2024

and 31 March 2025

7,700

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

3,507

14,905

97,900

22,746

139,058

Additions

-

-

-

856

856

At 31 March 2025

3,507

14,905

97,900

23,602

139,914

DEPRECIATION

At 1 April 2024

1,743

13,589

6,119

22,442

43,893

Charge for year

701

756

22,945

340

24,742

At 31 March 2025

2,444

14,345

29,064

22,782

68,635

NET BOOK VALUE

At 31 March 2025

1,063

560

68,836

820

71,279

At 31 March 2024

1,764

1,316

91,781

304

95,165

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

302,255

335,518

Amounts owed by group undertakings

130

-

Other debtors

13,100

13,100

Prepayments and accrued income

17,890

15,410

333,375

364,028

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

298,983

464,540

Amounts owed to group undertakings

-

182

Corporation tax

187,198

154,767

Social security and other taxes

5,563

5,469

VAT

96,920

86,322

Other creditors

616

430

Accruals and deferred income

5,859

5,223

595,139

716,933

8.	FINANCIAL COMMITMENTS

The total financial commitments which are not included in the balance sheet amount to £8,663 (2024 - £27,563)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

625

Ordinary A

10p

62

62

625

Ordinary B

10p

63

63

125

125

10.	RELATED PARTY TRANSACTIONS

Entities with control, joint control or significant influence over the entity

2025

2024

£

£

Dividends paid to related party

696,707

706,000

Amounts due to/(from) related party

(130

)

607

11.	PARENT UNDERTAKING

The parent undertaking is Nasmal Limited.

The parent company's registered office address is:

Unit 6 Europa Court

Dee View Boulevard

Chester

Cheshire

CH1 4NP