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REGISTERED NUMBER: SC654297 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Clinic M Limited

Clinic M Limited (Registered number: SC654297)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Clinic M Limited

Company Information
for the year ended 31st March 2024







Directors: P D Grime
P Thomson





Registered office: Spey House, Dochfour Business Centre
Dochfour Estate
Dochgarroch
Inverness
IV3 8GY





Registered number: SC654297 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Clinic M Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clinic M Limited for the year ended 31st March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Clinic M Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clinic M Limited and state those matters that we have agreed to state to the Board of Directors of Clinic M Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clinic M Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clinic M Limited. You consider that Clinic M Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clinic M Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


Date: .............................................

Clinic M Limited (Registered number: SC654297)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 258,403 241,684

Current assets
Stocks 7,437 5,000
Debtors 5 - 5,989
Cash at bank 242,771 144,703
250,208 155,692
Creditors
Amounts falling due within one year 6 235,522 215,700
Net current assets/(liabilities) 14,686 (60,008 )
Total assets less current liabilities 273,089 181,676

Creditors
Amounts falling due after more than one
year

7

(16,133

)

(24,933

)

Provisions for liabilities (61,082 ) -
Net assets 195,874 156,743

Capital and reserves
Called up share capital 20 20
Retained earnings 195,854 156,723
195,874 156,743

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

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

Clinic M Limited (Registered number: SC654297)

Balance Sheet - continued
31st 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 13th February 2025 and were signed on its behalf by:




P Thomson - Director



P D Grime - Director


Clinic M Limited (Registered number: SC654297)

Notes to the Financial Statements
for the year ended 31st March 2024


1. Statutory information

Clinic M Limited 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.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Tenant Improvements - 15% reducing balance
Plant & Machinery - 15% reducing balance
Computer Equipment - 33% reducing balance.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Clinic M Limited (Registered number: SC654297)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


2. Accounting policies - continued

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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 2 ) .

4. Tangible fixed assets
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
Cost
At 1st April 2023 19,025 259,696 7,121 285,842
Additions 1,440 60,787 1,399 63,626
At 31st March 2024 20,465 320,483 8,520 349,468
Depreciation
At 1st April 2023 2,854 38,954 2,350 44,158
Charge for year 2,642 42,229 2,036 46,907
At 31st March 2024 5,496 81,183 4,386 91,065
Net book value
At 31st March 2024 14,969 239,300 4,134 258,403
At 31st March 2023 16,171 220,742 4,771 241,684

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors - 5,989

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 8,800 8,800
Trade creditors 5,000 2,110
Taxation and social security 35,470 1,775
Other creditors 186,252 203,015
235,522 215,700

Clinic M Limited (Registered number: SC654297)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 16,133 24,933

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 24,933 -