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REGISTERED NUMBER: 11958820 (England and Wales)















GHALY MEDICAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






GHALY MEDICAL LTD (REGISTERED NUMBER: 11958820)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


GHALY MEDICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Dr A S Ghaly
Mrs H Ghaly





REGISTERED OFFICE: 33 Barrow Road
Burton-On-The-Wolds
Loughborough
LE12 5TB





REGISTERED NUMBER: 11958820 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

GHALY MEDICAL LTD (REGISTERED NUMBER: 11958820)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 12,684 2,001
Cash at bank 380,136 297,832
392,820 299,833
CREDITORS
Amounts falling due within one year 5 29,922 26,307
NET CURRENT ASSETS 362,898 273,526
TOTAL ASSETS LESS CURRENT LIABILITIES 362,898 273,526

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 362,896 273,524
SHAREHOLDERS' FUNDS 362,898 273,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 6 January 2025 and were signed on its behalf by:





Dr A S Ghaly - Director


GHALY MEDICAL LTD (REGISTERED NUMBER: 11958820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Ghaly Medical Ltd is a private company, limited by shares , registered in England and Wales. 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.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,932 2,001
Other debtors 752 -
12,684 2,001

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 763 -
Taxation and social security 27,383 19,213
Other creditors 1,776 7,094
29,922 26,307

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 2 2

GHALY MEDICAL LTD (REGISTERED NUMBER: 11958820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Dr A S Ghaly and Mrs H Ghaly
Balance outstanding at start of year (5,491 ) (5,182 )
Amounts advanced 9,212 4,971
Amounts repaid (2,969 ) (5,280 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 752 (5,491 )

The loan to the directors is unsecured, interest free and repayable on demand.