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REGISTERED NUMBER: SC318164 (Scotland)















Unaudited Financial Statements For The Year Ended 31 March 2023

for

FAIRFIELD CARE SCOTLAND LTD

FAIRFIELD CARE SCOTLAND LTD (Registered number: SC318164)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAIRFIELD CARE SCOTLAND LTD

Company Information
For The Year Ended 31 March 2023







DIRECTORS: M Latif
N Latif





REGISTERED OFFICE: 58 Howden Hall Road
Edinburgh
EH16 6PJ





REGISTERED NUMBER: SC318164 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

FAIRFIELD CARE SCOTLAND LTD (Registered number: SC318164)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,474,402 1,491,423
1,474,402 1,491,423

CURRENT ASSETS
Stocks 2,710 2,500
Debtors 6 136,802 52,235
Cash at bank and in hand 17,041 183,240
156,553 237,975
CREDITORS
Amounts falling due within one year 7 1,213,200 1,433,308
NET CURRENT LIABILITIES (1,056,647 ) (1,195,333 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

417,755

296,090

PROVISIONS FOR LIABILITIES - 20,470
NET ASSETS 417,755 275,620

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 416,755 274,620
SHAREHOLDERS' FUNDS 417,755 275,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

FAIRFIELD CARE SCOTLAND LTD (Registered number: SC318164)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





M Latif - Director


FAIRFIELD CARE SCOTLAND LTD (Registered number: SC318164)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

FAIRFIELD CARE SCOTLAND 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.

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.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 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.

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.

FAIRFIELD CARE SCOTLAND LTD (Registered number: SC318164)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 66 (2022 - 59 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 550,000
AMORTISATION
At 1 April 2022
and 31 March 2023 550,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,889,137 118,569 209,900 32,400 2,250,006
Additions 21,035 - - - 21,035
At 31 March 2023 1,910,172 118,569 209,900 32,400 2,271,041
DEPRECIATION
At 1 April 2022 490,361 76,342 159,480 32,400 758,583
Charge for year 22,047 8,446 7,563 - 38,056
At 31 March 2023 512,408 84,788 167,043 32,400 796,639
NET BOOK VALUE
At 31 March 2023 1,397,764 33,781 42,857 - 1,474,402
At 31 March 2022 1,398,776 42,227 50,420 - 1,491,423

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 71,168 47,866
Other debtors 61,265 -
Prepayments and accrued income 4,369 4,369
136,802 52,235

FAIRFIELD CARE SCOTLAND LTD (Registered number: SC318164)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 40,277 28,552
Tax 43,026 41,616
Social security and other taxes 78,040 76,169
Other creditors 5,891 3,063
Carrick Care Ltd 1,024,064 1,265,809
Directors' current accounts - 4,329
Accruals and deferred income 21,902 13,770
1,213,200 1,433,308

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 April 2022 274,620
Profit for the year 142,135
At 31 March 2023 416,755