Registered number
SC179400
BELLCRAIG MEDICAL LIMITED
Filleted Accounts
30 September 2024
BELLCRAIG MEDICAL LIMITED
Registered number: SC179400
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 200,387 139,688
Current assets
Debtors 4 147,594 119,619
Cash at bank and in hand 733,299 520,513
880,893 640,132
Creditors: amounts falling due within one year 5 (95,430) (87,124)
Net current assets 785,463 553,008
Net assets 985,850 692,696
Capital and reserves
Called up share capital 100 100
Profit and loss account 985,750 692,596
Shareholders' funds 985,850 692,696
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Derek Campbell
Director
Approved by the board on 24 June 2025
BELLCRAIG MEDICAL LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 70,813 263,705 334,518
Additions 42,842 252,775 295,617
Disposals - (224,206) (224,206)
At 30 September 2024 113,655 292,274 405,929
Depreciation
At 1 October 2023 46,770 148,060 194,830
Charge for the year 16,721 146,215 162,936
On disposals - (152,224) (152,224)
At 30 September 2024 63,491 142,051 205,542
Net book value
At 30 September 2024 50,164 150,223 200,387
At 30 September 2023 24,043 115,645 139,688
4 Debtors 2024 2023
£ £
Trade debtors 147,594 119,619
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 612 612
Taxation and social security costs 89,715 82,886
Director's account 2,797 2,400
Accruals 2,306 1,226
95,430 87,124
6 Related party transactions
The Director Derek Campbell has given a loan to the company, the balance of which is included within the Director's account in Note 5. This will be repaid when the company has sufficient funds to repay without affecting the cash flow of the company. In the financial year the company paid dividends to the shareholders as detailed in the Statement of Changes in Equity.
7 Controlling party
The ultimate controlling party is the director Mr Derek Campbell, who holds 73% of the called up share capital. The other directors and shareholders have the following holdings of the called up share capital: Mr James Hutchison 11%, Mr Stuart Vinter 5% and Mrs Caroline Campbell 11%.
8 Other information
BELLCRAIG MEDICAL LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
Bellcraig Farm
Carmunnock
Glasgow
G76 9EX
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