REGISTERED NUMBER: SC712029 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

Lam Radiology Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr Luthan Lam

Mrs S P Wang

REGISTERED OFFICE:

26 Shawhill Crescent

Newton Mearns

Glasgow

G77 5BY

REGISTERED NUMBER:

SC712029 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

57,190

70,740

Investments

5

65,101

-

122,291

70,740

CURRENT ASSETS

Debtors

6

20,341

14,464

Cash at bank

133,391

122,629

153,732

137,093

CREDITORS

Amounts falling due within one year

7

141,890

66,602

NET CURRENT ASSETS

11,842

70,491

TOTAL ASSETS LESS CURRENT LIABILITIES

134,133

141,231

CREDITORS

Amounts falling due after more than one year

8

(32,227

)

(37,954

)

PROVISIONS FOR LIABILITIES

9

(14,103

)

(17,685

)

NET ASSETS

87,803

85,592

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

87,703

85,492

SHAREHOLDERS' FUNDS

87,803

85,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

Dr Luthan Lam - Director

1.	STATUTORY INFORMATION

Lam Radiology 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fittings and equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fittings

and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 May 2025

6,269

87,858

94,127

Additions

3,894

-

3,894

At 30 April 2026

10,163

87,858

98,021

DEPRECIATION

At 1 May 2025

1,421

21,966

23,387

Charge for year

970

16,474

17,444

At 30 April 2026

2,391

38,440

40,831

NET BOOK VALUE

At 30 April 2026

7,772

49,418

57,190

At 30 April 2025

4,848

65,892

70,740

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

Motor

vehicles

£

COST

At 1 May 2025

and 30 April 2026

53,908

DEPRECIATION

At 1 May 2025

13,478

Charge for year

10,108

At 30 April 2026

23,586

NET BOOK VALUE

At 30 April 2026

30,322

At 30 April 2025

40,430

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2026

2025

£

£

Investments

65,101

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

20,341

14,464

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

5,727

5,727

Taxation and social security

34,950

17,026

Other creditors

101,213

43,849

141,890

66,602

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

32,227

37,954

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

14,103

17,685

Deferred

tax

£

Balance at 1 May 2025

17,685

Provided during year

(3,582

)

Balance at 30 April 2026

14,103

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

100

100