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REGISTERED NUMBER: SC209740 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Alba Ultrasound Limited

Alba Ultrasound Limited (Registered number: SC209740)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alba Ultrasound Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: V J Murray
J R Steenstrup





REGISTERED OFFICE: Unit 1, Block 3
Todd Campus
West of Scotland Science Park
GLASGOW
G20 0XA





REGISTERED NUMBER: SC209740 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Alba Ultrasound Limited (Registered number: SC209740)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,603,548 1,383,360

CURRENT ASSETS
Stocks 1,504,075 1,441,833
Debtors 5 934,683 637,254
Cash at bank 3,590,929 3,758,686
6,029,687 5,837,773
CREDITORS
Amounts falling due within one year 6 626,493 485,778
NET CURRENT ASSETS 5,403,194 5,351,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,006,742

6,735,355

CREDITORS
Amounts falling due after more than one
year

7

(134,489

)

(428,670

)

PROVISIONS FOR LIABILITIES 8 (81,145 ) (68,743 )
NET ASSETS 6,791,108 6,237,942

CAPITAL AND RESERVES
Called up share capital 161 161
Capital redemption reserve 139 139
Retained earnings 6,790,808 6,237,642
SHAREHOLDERS' FUNDS 6,791,108 6,237,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Alba Ultrasound Limited (Registered number: SC209740)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




V J Murray - Director



J R Steenstrup - Director


Alba Ultrasound Limited (Registered number: SC209740)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Alba Ultrasound Limited is a private company, limited by shares , registered in Scotland. 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" 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 represents net invoiced sales of goods. excluding value added tax, adjusted for work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

Work in progress is valued on the basis of direct material and labour costs plus attributable overheads based on a normal level of activity.

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.


Alba Ultrasound Limited (Registered number: SC209740)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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 46 (2022 - 43 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 967,363 232,857 1,321,661
Additions 174,984 - 160,219
At 31 December 2023 1,142,347 232,857 1,481,880
DEPRECIATION
At 1 January 2023 - 198,733 956,469
Charge for year - - 129,603
At 31 December 2023 - 198,733 1,086,072
NET BOOK VALUE
At 31 December 2023 1,142,347 34,124 395,808
At 31 December 2022 967,363 34,124 365,192

Alba Ultrasound Limited (Registered number: SC209740)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 43,919 147,899 2,713,699
Additions - 22,394 357,597
At 31 December 2023 43,919 170,293 3,071,296
DEPRECIATION
At 1 January 2023 41,108 134,029 1,330,339
Charge for year 786 7,020 137,409
At 31 December 2023 41,894 141,049 1,467,748
NET BOOK VALUE
At 31 December 2023 2,025 29,244 1,603,548
At 31 December 2022 2,811 13,870 1,383,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 922,133 614,192
Other debtors 12,550 23,062
934,683 637,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 22,560 52,620
Trade creditors 118,012 71,499
Taxation and social security 466,576 313,288
Other creditors 19,345 48,371
626,493 485,778

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 134,489 428,670

Alba Ultrasound Limited (Registered number: SC209740)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 44,249 218,190

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 81,145 68,743

Deferred
tax
£   
Balance at 1 January 2023 68,743
Charge to Income Statement during year 12,402
Balance at 31 December 2023 81,145

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is V J Murray.