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REGISTERED NUMBER: SC463270 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Eyerad Ltd

Eyerad Ltd (Registered number: SC463270)






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


Eyerad Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr Amit V Datta
Dr Shalini Datta
Ms Mili Datta





SECRETARY: Ms Himani Gupta





REGISTERED OFFICE: 34 Broomburn Drive
Newton Mearns
Glasgow
East Renfrewshire
G77 5JF





REGISTERED NUMBER: SC463270 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Eyerad Ltd (Registered number: SC463270)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,647 57,232

CURRENT ASSETS
Debtors 5 - 935
Cash at bank 3,610 4,415
3,610 5,350
CREDITORS
Amounts falling due within one year 6 40,238 34,299
NET CURRENT LIABILITIES (36,628 ) (28,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,019

28,283

CREDITORS
Amounts falling due after more than one
year

7

(3,185

)

(9,017

)

PROVISIONS FOR LIABILITIES 8 (4,175 ) (10,874 )
NET ASSETS 4,659 8,392

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 4,509 8,242
SHAREHOLDERS' FUNDS 4,659 8,392

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.

Eyerad Ltd (Registered number: SC463270)

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 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 1 October 2024 and were signed on its behalf by:





Dr Amit V Datta - Director


Eyerad Ltd (Registered number: SC463270)

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

1. STATUTORY INFORMATION

Eyerad 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.


Eyerad Ltd (Registered number: SC463270)

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 7,241 56,090 63,331
DEPRECIATION
At 1 April 2023 3,999 2,100 6,099
Charge for year 486 8,099 8,585
At 31 March 2024 4,485 10,199 14,684
NET BOOK VALUE
At 31 March 2024 2,756 45,891 48,647
At 31 March 2023 3,242 53,990 57,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 935

Eyerad Ltd (Registered number: SC463270)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,901 4,610
Hire purchase contracts 5,834 5,834
Other creditors 30,503 23,855
40,238 34,299

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,185 9,017

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,175 10,874

Deferred
tax
£   
Balance at 1 April 2023 10,874
Credit to Statement of Income and Retained Earnings during year (6,699 )
Balance at 31 March 2024 4,175

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 Ordinary £1 150 150

10. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors.