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REGISTERED NUMBER: SC303395 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Transitions Care Limited

Transitions Care Limited (Registered number: SC303395)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Transitions Care Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs M Waddell
Mrs C Porteous



SECRETARY: Mrs M Waddell



REGISTERED OFFICE: Unit 18 Netherton Business Park
Kenway
Inverurie
Aberdeenshire
AB51 5LX



REGISTERED NUMBER: SC303395 (Scotland)



ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ



BANKERS: Clydesdale Bank
Shopping Precinct
77 King Street
Stenhousemuir
Stirlingshire
FK54HD

Transitions Care Limited (Registered number: SC303395)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 401 647

CURRENT ASSETS
Debtors 5 63,888 51,577
Cash at bank 5,951 -
69,839 51,577
CREDITORS
Amounts falling due within one year 6 14,082 (12,327 )
NET CURRENT ASSETS 55,757 63,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,158

64,551

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 56,058 64,451
SHAREHOLDERS' FUNDS 56,158 64,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

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

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 6 March 2024 and were signed on its behalf by:




Mrs C Porteous - Director



Mrs M Waddell - Director


Transitions Care Limited (Registered number: SC303395)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Transitions Care 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.

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.
Computer equipment - 33% on cost

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.

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 23 (2022 - 22 ) .

Transitions Care Limited (Registered number: SC303395)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 3,806
DEPRECIATION
At 1 July 2022 3,159
Charge for year 246
At 30 June 2023 3,405
NET BOOK VALUE
At 30 June 2023 401
At 30 June 2022 647

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 1,817 1,803
Other debtors 62,071 49,774
63,888 51,577

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 12,606
Trade creditors 1,089 3,096
Taxation and social security 7,549 (31,939 )
Other creditors 5,444 3,910
14,082 (12,327 )

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank overdraft - 12,606

Mary Waddell and Carolyn Porteous, both shareholders and directors, have provided personal guarantees to the Clydesdale Bank for £12,500 each.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

Transitions Care Limited (Registered number: SC303395)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. RESERVES
Retained
earnings
£   

At 1 July 2022 64,451
Deficit for the year (8,393 )
At 30 June 2023 56,058

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mrs M Waddell
Balance outstanding at start of year 35,800 44,372
Amounts repaid (4,220 ) (8,572 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,580 35,800

Mrs C Porteous
Balance outstanding at start of year 13,963 16,628
Amounts advanced 16,517 -
Amounts repaid - (2,665 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,480 13,963

11. ULTIMATE CONTROLLING PARTY

The company was under the control of M Waddell throughout the current and previous year. M Waddell is a director and the majority shareholder.