REGISTERED NUMBER: 12602039 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Global Radiology And Medical Solutions

Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

62,441

71,205

CURRENT ASSETS

Investments

5

207,231

-

Cash at bank

392,463

399,984

599,694

399,984

CREDITORS

Amounts falling due within one year

6

62,312

43,653

NET CURRENT ASSETS

537,382

356,331

TOTAL ASSETS LESS CURRENT LIABILITIES

599,823

427,536

PROVISIONS FOR LIABILITIES

7

11,864

13,529

NET ASSETS

587,959

414,007

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

587,859

413,907

SHAREHOLDERS' FUNDS

587,959

414,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

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

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 24 September 2025 and were signed on its behalf by:

G Bhatnagar - Director

1.	STATUTORY INFORMATION

Global Radiology And Medical Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12602039

Registered office:

12 Eaker Street

High Wycombe

United Kingdom

HP11 1BF

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

-

15% on reducing balance

Computer equipment

-

15% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2024

86,580

5,074

91,654

Additions

-

2,517

2,517

At 31 May 2025

86,580

7,591

94,171

DEPRECIATION

At 1 June 2024

18,965

1,484

20,449

Charge for year

10,142

1,139

11,281

At 31 May 2025

29,107

2,623

31,730

NET BOOK VALUE

At 31 May 2025

57,473

4,968

62,441

At 31 May 2024

67,615

3,590

71,205

5.	CURRENT ASSET INVESTMENTS

31.5.25

31.5.24

£

£

Listed investments

207,231

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Tax

56,297

32,599

Social security and other taxes

239

-

Credit card

822

863

Directors' current accounts

4,354

9,591

Accrued expenses

600

600

62,312

43,653

7.	PROVISIONS FOR LIABILITIES

31.5.25

31.5.24

£

£

Deferred tax

11,864

13,529

Deferred

tax

£

Balance at 1 June 2024

13,529

Utilised during year

(1,665

)

Balance at 31 May 2025

11,864

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

100

Ordinary

£100

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

G Bhatnagar and Dr S Bhatnagar

Balance outstanding at start of year

(9,591

)

(2,516

)

Amounts advanced

10,318

-

Amounts repaid

(5,081

)

(7,075

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,354

)

(9,591

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.