Company Registration No. SC687928 (Scotland)
Cowie Medical Services Limited
Unaudited accounts
for the year ended 31 December 2024
Cowie Medical Services Limited
Statement of financial position
as at 31 December 2024
Tangible assets
26,899
27,700
Cash at bank and in hand
92,355
41,848
Creditors: amounts falling due within one year
(114,268)
(100,964)
Net current assets
188,500
123,909
Net assets
215,399
151,609
Called up share capital
100
100
Profit and loss account
215,299
151,509
Shareholders' funds
215,399
151,609
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Jonathan Cowie
Director
Company Registration No. SC687928
Cowie Medical Services Limited
Notes to the Accounts
for the year ended 31 December 2024
Cowie Medical Services Limited is a private company, limited by shares, registered in Scotland, registration number SC687928. The registered office is 106 Ravelston Dykes , Edinburgh, Midlothian , EH12 6HB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors believe that the company Cowie Medical Services Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% - Straight line
Computer equipment
15% - Straight line
Turnover from the rendering of medical 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.
The comparative figures for the prior year have been restated to reflect a change in the accounting for dividends. As a result of this change, reserves have increased by £78,346. The restatement has no impact on the profit or loss for the prior year.
Cowie Medical Services Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
21,628
2,753
4,180
28,561
At 31 December 2024
21,628
2,753
4,446
28,827
At 1 January 2024
-
56
805
861
Charge for the year
-
413
654
1,067
At 31 December 2024
-
469
1,459
1,928
At 31 December 2024
21,628
2,284
2,987
26,899
At 31 December 2023
21,628
2,697
3,375
27,700
Amounts falling due within one year
Other debtors
204,903
78,237
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
104,116
94,970
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Loans to related parties of £59,276 included in debtors (2023: £78,237) and are unsecured and interest-free.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).