IRIS Accounts Production v25.4.0.155 SC767743 Board of Directors 1.5.24 30.4.25 30.4.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC767743 2024-04-30 SC767743 2025-04-30 SC767743 2024-05-01 2025-04-30 SC767743 2023-04-27 SC767743 2023-04-28 2024-04-30 SC767743 2024-04-30 SC767743 ns15:Scotland 2024-05-01 2025-04-30 SC767743 ns14:PoundSterling 2024-05-01 2025-04-30 SC767743 ns10:Director1 2024-05-01 2025-04-30 SC767743 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC767743 ns10:SmallEntities 2024-05-01 2025-04-30 SC767743 ns10:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 SC767743 ns10:SmallCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 SC767743 ns10:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC767743 ns10:AbridgedAccounts 2024-05-01 2025-04-30 SC767743 1 2024-05-01 2025-04-30 SC767743 ns10:Director2 2024-05-01 2025-04-30 SC767743 ns10:RegisteredOffice 2024-05-01 2025-04-30 SC767743 ns5:CurrentFinancialInstruments 2025-04-30 SC767743 ns5:CurrentFinancialInstruments 2024-04-30 SC767743 ns5:Non-currentFinancialInstruments 2025-04-30 SC767743 ns5:Non-currentFinancialInstruments 2024-04-30 SC767743 ns5:ShareCapital 2025-04-30 SC767743 ns5:ShareCapital 2024-04-30 SC767743 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 SC767743 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 SC767743 ns5:NetGoodwill 2024-05-01 2025-04-30 SC767743 ns5:IntangibleAssetsOtherThanGoodwill 2024-05-01 2025-04-30 SC767743 ns5:PlantMachinery 2024-05-01 2025-04-30 SC767743 ns5:FurnitureFittings 2024-05-01 2025-04-30 SC767743 ns5:MotorVehicles 2024-05-01 2025-04-30 SC767743 ns5:ComputerEquipment 2024-05-01 2025-04-30 SC767743 ns5:Non-currentFinancialInstruments ns5:AfterOneYear 2025-04-30 SC767743 ns5:Non-currentFinancialInstruments ns5:AfterOneYear 2024-04-30 SC767743 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-04-30 SC767743 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-04-30 SC767743 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-04-30 SC767743 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-04-30 SC767743 ns5:HirePurchaseContracts 2025-04-30 SC767743 ns5:HirePurchaseContracts 2024-04-30 SC767743 ns5:WithinOneYear 2025-04-30 SC767743 ns5:WithinOneYear 2024-04-30 SC767743 ns5:BetweenOneFiveYears 2025-04-30 SC767743 ns5:BetweenOneFiveYears 2024-04-30 SC767743 ns5:MoreThanFiveYears 2025-04-30 SC767743 ns5:MoreThanFiveYears 2024-04-30 SC767743 ns5:AllPeriods 2025-04-30 SC767743 ns5:AllPeriods 2024-04-30 SC767743 ns5:Secured 2025-04-30 SC767743 ns5:Secured 2024-04-30

REGISTERED NUMBER: SC767743 (Scotland)

Financial Statements For The Year Ended 30 April 2025

for

Geddes Healthcare Limited

| Geddes Healthcare Limited (Registered number: SC767743) |

Contents of the Financial Statements

For The Year Ended 30 April 2025

Page |

| Company Information | 1 |

| Abridged Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Geddes Healthcare Limited |

Company Information

For The Year Ended 30 April 2025

| DIRECTORS: | S Geddes

| K J Geddes

| REGISTERED OFFICE: | c/o Robb Ferguson CA

| Regent Court

| 70 West Regent Street

| Glasgow

| G2 2QZ

| REGISTERED NUMBER: | SC767743 (Scotland)

| ACCOUNTANTS: | Robb Ferguson Chartered Accountants

| Regent Court

| 70 West Regent Street

| Glasgow

| G2 2QZ

| Geddes Healthcare Limited (Registered number: SC767743) |

Abridged Statement of Financial Position

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 592,617 |  | 625,089 |  |

Tangible assets | 5 | 70,443 |  | 10,075 |  |

663,060 |  | 635,164 |  |

CURRENT ASSETS

Stocks | 35,615 |  | 36,136 |  |

Debtors | 6 | 230,315 |  | 190,225 |  |

Cash at bank and in hand | 461,321 |  | 116,829 |  |

727,251 |  | 343,190 |  |

CREDITORS

Amounts falling due within one year | 567,475 |  | 529,736 |  |

NET CURRENT ASSETS/(LIABILITIES) | 159,776 |  | (186,546 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 822,836 |  | 448,618 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (380,737 | ) | (370,758 | ) |

PROVISIONS FOR LIABILITIES | (17,428 | ) | (2,432 | ) |

NET ASSETS | 424,671 |  | 75,428 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 424,571 |  | 75,328 |  |

424,671 |  | 75,428 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

| Geddes Healthcare Limited (Registered number: SC767743) |

Abridged Statement of Financial Position - continued

30 April 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 January 2026 and were signed on its behalf by:

S Geddes - Director

| Geddes Healthcare Limited (Registered number: SC767743) |

Notes to the Financial Statements

For The Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Geddes 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

| The Directors have reviewed the amortisation policy and determined that it was appropriate to amortise Goodwill over a period of twenty years as this period is expected to reflect its estimated useful life.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixed plant and equipment | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33.33% 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

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

| 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 statement of financial position date.

| Geddes Healthcare Limited (Registered number: SC767743) |

Notes to the Financial Statements - continued

For The Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| 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 7 (2024 - 5 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 649,443 |  |

| AMORTISATION

| At 1 May 2024 | 24,354 |  |

| Amortisation for year | 32,472 |  |

| At 30 April 2025 | 56,826 |  |

| NET BOOK VALUE

| At 30 April 2025 | 592,617 |  |

| At 30 April 2024 | 625,089 |  |

| Geddes Healthcare Limited (Registered number: SC767743) |

Notes to the Financial Statements - continued

For The Year Ended 30 April 2025

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 May 2024 | 11,750 |  |

| Additions | 73,602 |  |

| At 30 April 2025 | 85,352 |  |

| DEPRECIATION

| At 1 May 2024 | 1,675 |  |

| Charge for year | 13,234 |  |

| At 30 April 2025 | 14,909 |  |

| NET BOOK VALUE

| At 30 April 2025 | 70,443 |  |

| At 30 April 2024 | 10,075 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Totals

£ |

| COST

| Additions | 50,443 |  |

| At 30 April 2025 | 50,443 |  |

| DEPRECIATION

| Charge for year | 7,326 |  |

| At 30 April 2025 | 7,326 |  |

| NET BOOK VALUE

| At 30 April 2025 | 43,117 |  |

6. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 10,500 |  | 10,500 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |

2025 | 2024 |

£ | £ |

| Repayable by instalments

| Bank loans more 5 yr by instal | 270,035 |  | 293,114 |  |

| Geddes Healthcare Limited (Registered number: SC767743) |

Notes to the Financial Statements - continued

For The Year Ended 30 April 2025

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 16,546 |  | - |  |

| Between one and five years | 26,724 |  | - |  |

43,270 |  | - |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 10,500 |  | 10,500 |  |

| Between one and five years | 42,000 |  | 42,000 |  |

| In more than five years | 93,625 |  | 104,125 |  |

146,125 |  | 156,625 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 371,263 |  | 386,483 |  |

| Bank of Scotland PLC holds a fixed and floating charge over the assets of the company.

| The bank also holds assignation of policies on the life of Mr Stuart Geddes, director, to the value of £390,000.