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REGISTERED NUMBER: SC250348 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

LANAM HEALTHCARE THE FIRS LTD

LANAM HEALTHCARE THE FIRS LTD (REGISTERED NUMBER: SC250348)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANAM HEALTHCARE THE FIRS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Singh
Ms L J Miller





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC250348 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

LANAM HEALTHCARE THE FIRS LTD (REGISTERED NUMBER: SC250348)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 40,000
Tangible assets 5 57,902 56,329
87,902 96,329

CURRENT ASSETS
Debtors 6 295,950 328,033
Cash at bank and in hand 63,367 23,438
359,317 351,471
CREDITORS
Amounts falling due within one year 7 350,985 323,907
NET CURRENT ASSETS 8,332 27,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,234

123,893

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,134 123,793
SHAREHOLDERS' FUNDS 96,234 123,893

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

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

LANAM HEALTHCARE THE FIRS LTD (REGISTERED NUMBER: SC250348)

Balance Sheet - continued
31 March 2024


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 6 September 2024 and were signed on its behalf by:





M Singh - Director


LANAM HEALTHCARE THE FIRS LTD (REGISTERED NUMBER: SC250348)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lanam Healthcare The Firs Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.


LANAM HEALTHCARE THE FIRS LTD (REGISTERED NUMBER: SC250348)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
At 1 April 2023 160,000
Charge for year 10,000
At 31 March 2024 170,000
NET BOOK VALUE
At 31 March 2024 30,000
At 31 March 2023 40,000

LANAM HEALTHCARE THE FIRS LTD (REGISTERED NUMBER: SC250348)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 1,580 187,894 12,500 201,974
Additions - 10,932 - 10,932
At 31 March 2024 1,580 198,826 12,500 212,906
DEPRECIATION
At 1 April 2023 - 137,364 8,281 145,645
Charge for year - 8,304 1,055 9,359
At 31 March 2024 - 145,668 9,336 155,004
NET BOOK VALUE
At 31 March 2024 1,580 53,158 3,164 57,902
At 31 March 2023 1,580 50,530 4,219 56,329

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,136 50,330
Inter-company loans 207,264 264,004
Prepayments and accrued income 25,550 13,699
295,950 328,033

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Inter-company loans 217,282 195,168
Trade creditors 14,602 12,521
Social security and other taxes - 6,568
Other creditors 11,055 10,048
Directors' current accounts 71,493 71,493
Accrued expenses 36,553 28,109
350,985 323,907