REGISTERED NUMBER: |
Financial Statements For The Period 28 April 2023 to 30 April 2024 |
for |
Geddes Healthcare Limited |
REGISTERED NUMBER: |
Financial Statements For The Period 28 April 2023 to 30 April 2024 |
for |
Geddes Healthcare Limited |
Geddes Healthcare Limited (Registered number: SC767743) |
Contents of the Financial Statements |
For The Period 28 April 2023 to 30 April 2024 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Geddes Healthcare Limited |
Company Information |
For The Period 28 April 2023 to 30 April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
Geddes Healthcare Limited (Registered number: SC767743) |
Abridged Statement of Financial Position |
30 April 2024 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
Geddes Healthcare Limited (Registered number: SC767743) |
Abridged Statement of Financial Position - continued |
30 April 2024 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Geddes Healthcare Limited (Registered number: SC767743) |
Notes to the Financial Statements |
For The Period 28 April 2023 to 30 April 2024 |
1. | STATUTORY INFORMATION |
Geddes Healthcare Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 goods is recognised when the goods are physically delivered to the customer. |
Goodwill |
The Directors have reviewed the amortisation policy and determined that it was appropriate to amortise Goodwill over a period of twenty years as this period is expected to reflect its estimated useful life. |
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 |
Fixed plant and equipment | - |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
Geddes Healthcare Limited (Registered number: SC767743) |
Notes to the Financial Statements - continued |
For The Period 28 April 2023 to 30 April 2024 |
2. | ACCOUNTING POLICIES - continued |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
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 period was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
At 30 April 2024 |
AMORTISATION |
Amortisation for period |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
Geddes Healthcare Limited (Registered number: SC767743) |
Notes to the Financial Statements - continued |
For The Period 28 April 2023 to 30 April 2024 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
At 30 April 2024 |
DEPRECIATION |
Charge for period |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
£ |
Repayable by instalments |
Bank loans more 5 yr by instal | 293,114 |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
Between one and five years |
In more than five years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
Bank of Scotland PLC holds a fixed and floating charge over the assets of the company. |
The bank also holds assignation of policies on the life of Mr Stuart Geddes, director, to the value of £390,000. |