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REGISTERED NUMBER: SC710667 (Scotland)













Unaudited Financial Statements

for the Period 1 October 2022 to 31 March 2024

for

GLASGOW SPINAL CARE LTD

GLASGOW SPINAL CARE LTD (REGISTERED NUMBER: SC710667)






Contents of the Financial Statements
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLASGOW SPINAL CARE LTD

Company Information
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024







DIRECTOR: R N Currie





REGISTERED OFFICE: 84 Sandgate
Ayr
United Kingdom
Ayrshire
KA7 1BX





REGISTERED NUMBER: SC710667 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

GLASGOW SPINAL CARE LTD (REGISTERED NUMBER: SC710667)

Balance Sheet
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,000 32,000
Tangible assets 5 41,064 8,902
65,064 40,902

CURRENT ASSETS
Debtors 6 9,030 810
Cash at bank 8,052 34,806
17,082 35,616
CREDITORS
Amounts falling due within one year 7 16,087 27,837
NET CURRENT ASSETS 995 7,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,059

48,681

CREDITORS
Amounts falling due after more than one
year

8

28,500

17,000
NET ASSETS 37,559 31,681

CAPITAL AND RESERVES
Called up share capital 9 98 98
Retained earnings 37,461 31,583
SHAREHOLDERS' FUNDS 37,559 31,681

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

GLASGOW SPINAL CARE LTD (REGISTERED NUMBER: SC710667)

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 director and authorised for issue on 25 September 2024 and were signed by:





R N Currie - Director


GLASGOW SPINAL CARE LTD (REGISTERED NUMBER: SC710667)

Notes to the Financial Statements
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Glasgow Spinal Care 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 2021, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 20% on a straight line basis

Taxation
Taxation for the period 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.


GLASGOW SPINAL CARE LTD (REGISTERED NUMBER: SC710667)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 31 March 2024 40,000
AMORTISATION
At 1 October 2022 8,000
Charge for period 8,000
At 31 March 2024 16,000
NET BOOK VALUE
At 31 March 2024 24,000
At 30 September 2022 32,000

GLASGOW SPINAL CARE LTD (REGISTERED NUMBER: SC710667)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 11,127
Additions 43,262
At 31 March 2024 54,389
DEPRECIATION
At 1 October 2022 2,225
Charge for period 11,100
At 31 March 2024 13,325
NET BOOK VALUE
At 31 March 2024 41,064
At 30 September 2022 8,902

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other debtors 9,030 810

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Hire purchase contracts 6,000 -
Taxation and social security 5,084 6,414
Other creditors 5,003 21,423
16,087 27,837

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2022
£    £   
Hire purchase contracts 21,500 -
Other creditors 7,000 17,000
28,500 17,000

GLASGOW SPINAL CARE LTD (REGISTERED NUMBER: SC710667)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
98 Ordinary £1 98 98