Silverfin false 31/03/2023 01/04/2022 31/03/2023 J W Garvie 02/06/1994 05 October 2023 The principal activity of the Company during the financial year was all trades building contractors. SC151215 2023-03-31 SC151215 bus:Director1 2023-03-31 SC151215 2022-03-31 SC151215 core:CurrentFinancialInstruments 2023-03-31 SC151215 core:CurrentFinancialInstruments 2022-03-31 SC151215 core:Non-currentFinancialInstruments 2023-03-31 SC151215 core:Non-currentFinancialInstruments 2022-03-31 SC151215 core:ShareCapital 2023-03-31 SC151215 core:ShareCapital 2022-03-31 SC151215 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC151215 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC151215 core:Goodwill 2022-03-31 SC151215 core:Goodwill 2023-03-31 SC151215 core:OtherPropertyPlantEquipment 2022-03-31 SC151215 core:OtherPropertyPlantEquipment 2023-03-31 SC151215 2021-03-31 SC151215 bus:OrdinaryShareClass1 2023-03-31 SC151215 bus:OrdinaryShareClass2 2023-03-31 SC151215 core:WithinOneYear 2023-03-31 SC151215 core:WithinOneYear 2022-03-31 SC151215 core:BetweenOneFiveYears 2023-03-31 SC151215 core:BetweenOneFiveYears 2022-03-31 SC151215 core:MoreThanFiveYears 2023-03-31 SC151215 core:MoreThanFiveYears 2022-03-31 SC151215 2022-04-01 2023-03-31 SC151215 bus:FullAccounts 2022-04-01 2023-03-31 SC151215 bus:SmallEntities 2022-04-01 2023-03-31 SC151215 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC151215 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC151215 bus:Director1 2022-04-01 2023-03-31 SC151215 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 SC151215 core:Goodwill 2022-04-01 2023-03-31 SC151215 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 SC151215 2021-04-01 2022-03-31 SC151215 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 SC151215 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 SC151215 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC151215 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 SC151215 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 SC151215 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC151215 (Scotland)

ONE CALL LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

ONE CALL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

ONE CALL LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023
ONE CALL LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 48,599 35,912
48,599 35,912
Current assets
Stocks 5 130,000 21,350
Debtors 6 337,954 334,473
Cash at bank and in hand 7 262,377 276,710
730,331 632,533
Creditors: amounts falling due within one year 8 ( 406,691) ( 306,386)
Net current assets 323,640 326,147
Total assets less current liabilities 372,239 362,059
Creditors: amounts falling due after more than one year 9 ( 21,620) ( 31,615)
Provision for liabilities 10, 11 ( 9,785) ( 5,267)
Net assets 340,834 325,177
Capital and reserves
Called-up share capital 12 282,203 282,203
Profit and loss account 58,631 42,974
Total shareholder's funds 340,834 325,177

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of One Call Limited (registered number: SC151215) were approved and authorised for issue by the Director on 05 October 2023. They were signed on its behalf by:

J W Garvie
Director
ONE CALL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
ONE CALL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

One Call Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 66 Tay Street, Perth, PH2 8RA, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable for building services net of VAT and trade discounts.

Revenue is recognised on the accruals basis.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors, cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 16 18

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2022 5,349 5,349
At 31 March 2023 5,349 5,349
Accumulated amortisation
At 01 April 2022 5,349 5,349
At 31 March 2023 5,349 5,349
Net book value
At 31 March 2023 0 0
At 31 March 2022 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 198,049 198,049
Additions 25,766 25,766
Disposals ( 29,626) ( 29,626)
At 31 March 2023 194,189 194,189
Accumulated depreciation
At 01 April 2022 162,137 162,137
Charge for the financial year 11,248 11,248
Disposals ( 27,795) ( 27,795)
At 31 March 2023 145,590 145,590
Net book value
At 31 March 2023 48,599 48,599
At 31 March 2022 35,912 35,912

5. Stocks

2023 2022
£ £
Stocks 130,000 21,350

6. Debtors

2023 2022
£ £
Trade debtors 213,853 209,944
Other debtors 124,101 124,529
337,954 334,473

7. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 262,377 276,710

8. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,046 10,052
Trade creditors 319,115 154,776
Taxation and social security 52,249 69,351
Other creditors 25,281 72,207
406,691 306,386

Included in bank loans are amounts advanced to the company under the bounce back loan scheme. This loan is covered by a government backed guarantee.

9. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 21,620 31,615

Included in bank loans are amounts advanced to the company under the bounce back loan scheme. This loan is covered by a government backed guarantee.

10. Provision for liabilities

2023 2022
£ £
Deferred tax 9,785 5,267

11. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 5,267) ( 4,585)
Charged to the Statement of Income and Retained Earnings ( 4,518) ( 682)
At the end of financial year ( 9,785) ( 5,267)

12. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
200 A Ordinary shares of £ 1.00 each 200 200
282,003 Ordinary shares of £ 1.00 each 282,003 282,003
282,203 282,203

13. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 11,820 4,000
between one and five years 43,620 16,000
after five years 0 3,025
55,440 23,025

14. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Amounts owed to director 3,995 10,767

This loan is unsecured, interest free and has no fixed terms of repayment.

Other related party transactions

2023 2022
£ £
Amounts owed by related parties 123,601 120,008