REGISTERED NUMBER: SC294416 (Scotland)

BAINS HEALTHCARE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr R S Bains

Ms H Bains

REGISTERED OFFICE:

Flat 4/1

351 Glasgow Harbour Terraces

Glasgow

G11 6DJ

REGISTERED NUMBER:

SC294416 (Scotland)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Intangible assets

4

30,143

38,089

Tangible assets

5

405,033

421,673

Investments

6

38,050

38,050

473,226

497,812

CURRENT ASSETS

Stocks

3,998

3,300

Debtors

7

2,216,826

1,469,422

Cash at bank and in hand

271,768

854,685

2,492,592

2,327,407

CREDITORS

Amounts falling due within one year

8

(371,067

)

(354,280

)

NET CURRENT ASSETS

2,121,525

1,973,127

TOTAL ASSETS LESS CURRENT LIABILITIES

2,594,751

2,470,939

CREDITORS

Amounts falling due after more than one year

9

(360,515

)

(451,401

)

PROVISIONS FOR LIABILITIES

10

(60,622

)

(63,993

)

NET ASSETS

2,173,614

1,955,545

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

2,173,514

1,955,445

SHAREHOLDERS' FUNDS

2,173,614

1,955,545

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

Dr R S Bains - Director

1.	STATUTORY INFORMATION

Bains Healthcare 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.

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 2007, is being amortised evenly over its estimated useful life of twenty 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

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 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

158,928

AMORTISATION

At 1 April 2024

120,839

Amortisation for year

7,946

At 31 March 2025

128,785

NET BOOK VALUE

At 31 March 2025

30,143

At 31 March 2024

38,089

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

148,175

434,678

105,765

33,763

722,381

Additions

-

26,998

1,871

-

28,869

At 31 March 2025

148,175

461,676

107,636

33,763

751,250

DEPRECIATION

At 1 April 2024

-

177,512

90,958

32,238

300,708

Charge for year

-

42,627

2,501

381

45,509

At 31 March 2025

-

220,139

93,459

32,619

346,217

NET BOOK VALUE

At 31 March 2025

148,175

241,537

14,177

1,144

405,033

At 31 March 2024

148,175

257,166

14,807

1,525

421,673

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

38,050

NET BOOK VALUE

At 31 March 2025

38,050

At 31 March 2024

38,050

7.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

161,120

134,533

Other debtors

663,055

365,955

824,175

500,488

Amounts falling due after more than one year:

Cardonald smiles

-

7,230

AHR Investments ltd

848,676

811,232

Bains management FZCO

543,975

150,472

1,392,651

968,934

Aggregate amounts

2,216,826

1,469,422

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

73,020

112,763

Tax

268,516

113,905

Social security and other taxes

3,719

1,876

Pension cerditors

237

432

Other creditors

7,180

-

Directors' current accounts

3,195

115,704

Creditors & accrued expenses

15,200

9,600

371,067

354,280

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Funding circle loan

78,167

139,024

Natwest- Business Term Loan

282,348

310,121

Hire purchase contracts

-

2,256

360,515

451,401

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Funding circle loan

78,167

139,024

Natwest- Business Term Loan

282,348

310,121

360,515

449,145

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

60,622

63,993

Deferred

tax

£

Balance at 1 April 2024

63,993

Credit to Income Statement during year

(3,371

)

Deferred tax

Balance at 31 March 2025

60,622

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100

12.

RESERVES

Retained

earnings

£

At 1 April 2024

1,955,445

Profit for the year

418,069

Dividends

(200,000

)

At 31 March 2025

2,173,514

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors , the amount owed to directors is £3195 (2024 £115,704).The loans are interest free and with no fixed date of repayment.

14.	RELATED PARTY DISCLOSURES

During the year, total dividends of £200,100 were paid to the directors .

The rent for the use of the business premises was paid to the director, Mr R S Bains on normal commercial terms. The amount for the period was £6,000 (2024: £12,000).

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr R S Bains.