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REGISTERED NUMBER: SC712029 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2025

for

Lam Radiology Ltd

Lam Radiology Ltd (Registered number: SC712029)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lam Radiology Ltd

Company Information
for the Year Ended 30 April 2025







DIRECTORS: Dr Luthan Lam
Mrs S P Wang





REGISTERED OFFICE: 14 Williamwood Park West
Glasgow
G44 3TE





REGISTERED NUMBER: SC712029 (Scotland)





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

Lam Radiology Ltd (Registered number: SC712029)

Balance Sheet
30 April 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 70,740 56,036

CURRENT ASSETS
Debtors 5 14,464 23,343
Cash at bank 122,629 49,432
137,093 72,775
CREDITORS
Amounts falling due within one year 6 66,602 17,432
NET CURRENT ASSETS 70,491 55,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,231

111,379

CREDITORS
Amounts falling due after more than one
year

7

(37,954

)

(43,681

)

PROVISIONS FOR LIABILITIES 8 (17,685 ) (14,009 )
NET ASSETS 85,592 53,689

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 85,492 53,589
SHAREHOLDERS' FUNDS 85,592 53,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

Lam Radiology Ltd (Registered number: SC712029)

Balance Sheet - continued
30 April 2025


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 May 2025 and were signed on its behalf by:





Dr Luthan Lam - Director


Lam Radiology Ltd (Registered number: SC712029)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

Lam Radiology 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fittings and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Lam Radiology Ltd (Registered number: SC712029)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 May 2024 3,433 52,810 56,243
Additions 2,836 35,048 37,884
At 30 April 2025 6,269 87,858 94,127
DEPRECIATION
At 1 May 2024 207 - 207
Charge for year 1,214 21,966 23,180
At 30 April 2025 1,421 21,966 23,387
NET BOOK VALUE
At 30 April 2025 4,848 65,892 70,740
At 30 April 2024 3,226 52,810 56,036

Lam Radiology Ltd (Registered number: SC712029)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2024 52,810
Additions 1,098
At 30 April 2025 53,908
DEPRECIATION
Charge for year 13,478
At 30 April 2025 13,478
NET BOOK VALUE
At 30 April 2025 40,430
At 30 April 2024 52,810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 14,464 22,245
Other debtors - 1,098
14,464 23,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 5,727 5,727
Taxation and social security 17,026 9,295
Other creditors 43,849 2,410
66,602 17,432

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Hire purchase contracts 37,954 43,681

Lam Radiology Ltd (Registered number: SC712029)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 17,685 14,009

Deferred
tax
£   
Balance at 1 May 2024 14,009
Provided during year 3,676
Balance at 30 April 2025 17,685

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100