Doctor Q Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC490538 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

DOCTOR Q LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr U Qureshi

Mrs S M Qureshi

SECRETARY:

Mrs S M Qureshi

REGISTERED OFFICE:

31 Thorn Road

Bearsden

Glasgow

G61 4BS

REGISTERED NUMBER:

SC490538 (Scotland)

ACCOUNTANTS:

JF Accounting

Clyde Offices, 2nd Floor,

48 West George Street

Glasgow

G2 1BP

FIXED ASSETS

Tangible assets

4

369

435

CURRENT ASSETS

Debtors

5

1,758,497

1,732,826

Cash at bank

71

155

1,758,568

1,732,981

CREDITORS

Amounts falling due within one year

6

1,006,742

923,896

NET CURRENT ASSETS

751,826

809,085

TOTAL ASSETS LESS CURRENT
LIABILITIES

752,195

809,520

CREDITORS

Amounts falling due after more than
one year

7

32,011

36,498

NET ASSETS

720,184

773,022

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

720,174

773,012

720,184

773,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 22 September 2025 and were signed on its behalf by:

Dr U Qureshi - Director

1.	STATUTORY INFORMATION

Doctor Q Limited 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.

Going concern

The directors have considered the going concern basis in preparing these financial statements. They have concluded that the going concern basis is appropriate because sufficient funds will be generated from future trading of the company, as well as continued support from the directors and group companies, for a period of at least twelve months from the date of the approval of these financial statements to enable the Company to meet its liabilities as they arise.

The financial statements do not include any adjustments that would result from the withdrawal of this support.

The company has claimed the covid bounce back loans in more than one group company. As a result, this has been shown as fully due in 1 year.

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.

Plant and machinery

-

25% on cost

Computer equipment

-

15% on reducing balance

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 31 December 2023

and 30 December 2024

17,330

1,424

18,754

DEPRECIATION

At 31 December 2023

17,330

989

18,319

Charge for year

-

66

At 30 December 2024

17,330

1,055

18,385

NET BOOK VALUE

At 30 December 2024

-

369

At 30 December 2023

-

435

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

9,045

2,670

Amounts owed by group undertakings

1,443,585

1,424,289

Amounts owed by associates

303,437

Prepayments

2,430

1,758,497

1,732,826

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other loans

7,538

89,157

Trade creditors

-

16,967

Amounts owed to group undertakings

970,731

795,681

Amounts owed to participating interests

1,500

Tax

2,825

VAT

5,513

12,246

Other creditors

-

61

Accrued expenses

18,635

5,459

1,006,742

923,896

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Other loans - 1-2 years

5,871

7,538

Other loans - 2-5 years

26,140

28,960

32,011

36,498

8.	RELATED PARTY DISCLOSURES

During the period the Company operated loan accounts with group companies which is included within debtors. The amount due from group companies at the period end was £472,855 ( 2023 - £628,608). These loans are unsecured, interest free and repayable on demand.

During the period the Company operated a loan account with companies under common control. The amount due from companies under common control was £303,437 (2023 - £303,437). This loan is unsecured, interest and repayable on demand.

During the period the Company owed interested parties by virtue of their 100% shareholding in Qureshi Group Limited £1,500 (2023 - £1,500)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parent undertaking is Qureshi Group Limited by virtue of its 100% controlling interest in the company.

The Ultimate controlling parties are Dr U Qureshi and Mrs S Qureshi by virtue of their 100% shareholding in Qureshi Group Limited.