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REGISTERED NUMBER: SC428135 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 July 2024

for

GLASGOW GASTROENTEROLOGY CLINIC LTD

GLASGOW GASTROENTEROLOGY CLINIC LTD (REGISTERED NUMBER: SC428135)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLASGOW GASTROENTEROLOGY CLINIC LTD

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Dr D R Gaya
Mrs A J Gaya





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC428135 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

GLASGOW GASTROENTEROLOGY CLINIC LTD (REGISTERED NUMBER: SC428135)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,813 1,715

CURRENT ASSETS
Debtors 5 325,340 320,269
Investments 6 854,514 777,608
Cash at bank 98,646 142,725
1,278,500 1,240,602
CREDITORS
Amounts falling due within one year 7 13,466 77,628
NET CURRENT ASSETS 1,265,034 1,162,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,340,847

1,164,689

PROVISIONS FOR LIABILITIES 42,970 10,415
NET ASSETS 1,297,877 1,154,274

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,296,877 1,153,274
1,297,877 1,154,274

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

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

GLASGOW GASTROENTEROLOGY CLINIC LTD (REGISTERED NUMBER: SC428135)

Balance Sheet - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





Dr D R Gaya - Director


GLASGOW GASTROENTEROLOGY CLINIC LTD (REGISTERED NUMBER: SC428135)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Glasgow Gastroenterology Clinic 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.

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.
Motor vehicles - 25% on a straight line basis
Computer equipment - 33% on a straight line basis

Taxation
Taxation for the year 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 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.

Listed investments
Listed investments are shown at the market value.

The gains or losses on the investment are recognised within the profit and loss.

GLASGOW GASTROENTEROLOGY CLINIC LTD (REGISTERED NUMBER: SC428135)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 - 9,114 9,114
Additions 98,770 2,007 100,777
At 31 July 2024 98,770 11,121 109,891
DEPRECIATION
At 1 August 2023 - 7,399 7,399
Charge for year 24,693 1,986 26,679
At 31 July 2024 24,693 9,385 34,078
NET BOOK VALUE
At 31 July 2024 74,077 1,736 75,813
At 31 July 2023 - 1,715 1,715

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,263 8,253
Other debtors 312,077 312,016
325,340 320,269

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 854,514 777,608

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,054 73,651
Other creditors 4,412 3,977
13,466 77,628

GLASGOW GASTROENTEROLOGY CLINIC LTD (REGISTERED NUMBER: SC428135)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 6,079

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Dr D R Gaya
Balance outstanding at start of year 247,257 247,180
Amounts advanced 5,328 9,021
Amounts repaid (5,965 ) (8,944 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 246,620 247,257

No interest is due on this amount and there are no fixed repayment terms.