The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Tayside Laser Clinic Limited is a private company limited by shares incorporated in Scotland. The registered office is Photobiology Unit, Ninewells Hospital, DUNDEE, DD1 9SY.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover comprises the invoiced value of medical laser treatment services provided by the company.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average monthly number of persons (including directors) employed by the company during the year was:

There is no charge to corporation tax as all profits are gift aided to the company's parent charity within 9 months of the year end.

Tayside Laser Clinic Limited is a wholly owned subsidiary of Laser Research and Therapy Fund. During the year the company gift aided profits of £43,392 (2024 - £33,745) to Laser Research and Therapy Fund. The profit in respect of the current financial year of £51,980 (2024 - £43,392) shall be gift aided to the Laser Research and Therapy fund within 9 months of the year end.

One of the directors, Sally Ibbotson is also a trustee in Laser Research and Therapy Fund.

The company is a wholly owned subsidiary of the Laser Research and Therapy Fund, a charity registered in Scotland (charity number SC030850). The charity's principal place of business is The Photobiology Unit, Ninewells Hospital, Dundee, DD1 9SY.