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REGISTERED NUMBER: SC439462 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Almushatat Medical Ltd

Almushatat Medical Ltd (Registered number: SC439462)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Almushatat Medical Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Dr Ahmad Almushatat
Ms Zhara Hassoon





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC439462 (Scotland)





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

Almushatat Medical Ltd (Registered number: SC439462)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,701 1,840

CURRENT ASSETS
Debtors 5 6,183 4,000
Cash at bank 118,308 126,088
124,491 130,088
CREDITORS
Amounts falling due within one year 6 86,168 72,638
NET CURRENT ASSETS 38,323 57,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,024

59,290

PROVISIONS FOR LIABILITIES 7 1,176 392
NET ASSETS 40,848 58,898

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 40,748 58,798
SHAREHOLDERS' FUNDS 40,848 58,898

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

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

Almushatat Medical Ltd (Registered number: SC439462)

Balance Sheet - continued
31 December 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 14 January 2025 and were signed on its behalf by:





Dr Ahmad Almushatat - Director


Almushatat Medical Ltd (Registered number: SC439462)

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

1. STATUTORY INFORMATION

Almushatat Medical 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.
Fittings and equipment - 25% on cost
Computer equipment - 25% on cost

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.


Almushatat Medical Ltd (Registered number: SC439462)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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.

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 - 2 ) .

Almushatat Medical Ltd (Registered number: SC439462)

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

4. TANGIBLE FIXED ASSETS
Fittings
Plant and and Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 January 2024 - 2,529 5,618 8,147
Additions 1,994 1,712 799 4,505
At 31 December 2024 1,994 4,241 6,417 12,652
DEPRECIATION
At 1 January 2024 - 1,616 4,691 6,307
Charge for year 499 1,222 923 2,644
At 31 December 2024 499 2,838 5,614 8,951
NET BOOK VALUE
At 31 December 2024 1,495 1,403 803 3,701
At 31 December 2023 - 913 927 1,840

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,200 4,000
Other debtors 983 -
6,183 4,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 24,329 27,572
Other creditors 61,839 45,066
86,168 72,638

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,176 392

Almushatat Medical Ltd (Registered number: SC439462)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 392
Charge to Statement of Income and Retained Earnings during year 784
Balance at 31 December 2024 1,176

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms Zhara Hassoon.