REGISTERED NUMBER: SC490818 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GNA Healthcare Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Ali

A Ramzan

Dr A Ali

REGISTERED OFFICE:

7-9 Kilmarnock Road

Glasgow

G41 3YN

REGISTERED NUMBER:

SC490818 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Intangible assets

4

-

40,035

Tangible assets

5

311,110

311,110

311,110

351,145

CURRENT ASSETS

Stocks

45,000

45,000

Debtors

6

1,485,651

1,091,464

Cash at bank and in hand

166,169

259,620

1,696,820

1,396,084

CREDITORS

Amounts falling due within one year

7

(360,575

)

(222,866

)

NET CURRENT ASSETS

1,336,245

1,173,218

TOTAL ASSETS LESS CURRENT LIABILITIES

1,647,355

1,524,363

CREDITORS

Amounts falling due after more than one year

8

(148,343

)

(156,828

)

NET ASSETS

1,499,012

1,367,535

CAPITAL AND RESERVES

Called up share capital

24

24

Retained earnings

1,498,988

1,367,511

1,499,012

1,367,535

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.

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 11 July 2025 and were signed on its behalf by:

A Ramzan - Director

1.	STATUTORY INFORMATION

GNA Healthcare 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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

436,750

AMORTISATION

At 1 January 2024

396,715

Charge for year

40,035

At 31 December 2024

436,750

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

40,035

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

311,110

24,700

335,810

DEPRECIATION

At 1 January 2024

and 31 December 2024

-

24,700

24,700

NET BOOK VALUE

At 31 December 2024

311,110

-

311,110

At 31 December 2023

311,110

-

311,110

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

87,651

75,560

Amounts owed by group undertakings

-

470,000

Amounts owed by associates

1,398,000

528,000

Other debtors

-

17,904

1,485,651

1,091,464

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

8,000

8,000

Trade creditors

86,838

82,958

Amounts owed to associates

150,000

-

Taxation and social security

64,104

82,036

Other creditors

51,633

49,872

360,575

222,866

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

148,343

156,828

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than

five years

110,343

118,828

110,343

118,828

9.	ULTIMATE CONTROLLING PARTY

The controlling party is BNC Healthcare Limited.