Clinetix Rejuvenation (Glasgow) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC467705 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 January 2025

for

Clinetix Rejuvenation (Glasgow) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs E M Ravichandran

S S Ravichandran

REGISTERED OFFICE:

20 Hamilton Road

Bothwell

Glasgow

G71 8NA

REGISTERED NUMBER:

SC467705 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

78,334

21,427

CURRENT ASSETS

Stocks

51,162

74,995

Debtors

5

262,061

295,092

Cash at bank

11,199

19,775

324,422

389,862

CREDITORS

Amounts falling due within one year

6

247,005

293,694

NET CURRENT ASSETS

77,417

96,168

TOTAL ASSETS LESS CURRENT
LIABILITIES

155,751

117,595

CREDITORS

Amounts falling due after more than one year

7

(55,085

)

(15,573

)

PROVISIONS FOR LIABILITIES

8

(1,129

)

(2,476

)

NET ASSETS

99,537

99,546

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

99,535

99,544

99,537

99,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

S S Ravichandran - Director

1.	STATUTORY INFORMATION

Clinetix Rejuvenation (Glasgow) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost and 25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 21 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 February 2024

33,133

1,260

12,760

47,153

Additions

65,569

775

716

67,060

At 31 January 2025

98,702

2,035

13,476

114,213

DEPRECIATION

At 1 February 2024

17,899

627

7,200

25,726

Charge for year

6,432

352

3,369

10,153

At 31 January 2025

24,331

979

10,569

35,879

NET BOOK VALUE

At 31 January 2025

74,371

1,056

2,907

78,334

At 31 January 2024

15,234

633

5,560

21,427

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

£

COST

Additions

65,569

At 31 January 2025

65,569

DEPRECIATION

Charge for year

2,623

At 31 January 2025

2,623

NET BOOK VALUE

At 31 January 2025

62,946

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

1,233

399

Amounts owed by group undertakings

245,292

270,133

Other debtors

15,536

24,560

262,061

295,092

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

10,461

10,116

Finance leases

12,177

-

Trade creditors

43,949

50,097

Taxation and social security

60,699

145,266

Other creditors

119,719

88,215

247,005

293,694

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

Bank loans

4,416

15,573

Finance leases

50,669

-

55,085

15,573

8.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

Deferred tax

1,129

2,476

Deferred

tax

£

Balance at 1 February 2024

2,476

Utilised during year

(1,347

)

Balance at 31 January 2025

1,129

9.	RELATED PARTY DISCLOSURES

Included in debtors are amount owed to/from related parties at the reporting end date. These are:

£64,437 (2024 - £70,192) due from Emma Ravichandran Consultancy Ltd.

£79,987 (2024 - £92,566) due from Simon Ravichandran Consultancy Ltd

£295,788 (2024 - £256,115) due from Meet and Teach Glasgow Ltd.

£141 (2024 - £141) due from Aesthetic Medical Research Ltd.

£8,321 (2024 - £13,251) due from Clinetix Grampian Ltd.

£163,396 (2024 - £122,144) due to Megadodo Holding Ltd.

£39,986 (2024 - £39,986) due to Clinetix Rejuvenation Limited.

The above loans are unsecured, interest free and have no fixed repayment terms.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clinetix Rejuvenation (Glasgow) Ltd for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Clinetix Rejuvenation (Glasgow) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clinetix Rejuvenation (Glasgow) Ltd and state those matters that we have agreed to state to the Board of Directors of Clinetix Rejuvenation (Glasgow) Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clinetix Rejuvenation (Glasgow) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clinetix Rejuvenation (Glasgow) Ltd. You consider that Clinetix Rejuvenation (Glasgow) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clinetix Rejuvenation (Glasgow) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

29 October 2025