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REGISTERED NUMBER: SC308418 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

S C COMMERCE LIMITED

S C COMMERCE LIMITED (REGISTERED NUMBER: SC308418)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S C COMMERCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Gatherum
K L Hedge
A Houston
Dr D Macaskill
R Najafian
J Perry
M Preston
N Price
D Reilly
A Wyllie
K Johnson
R Payne
M E Smedley
A Wilson





SECRETARY: L Bennie





REGISTERED OFFICE: Building 372, Ground Floor
22-27 Alpha Freight
Glasgow Prestwick International Airport
Prestwick
KA9 2QA





REGISTERED NUMBER: SC308418 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
20 Barns Street
Ayr
Ayrshire
KA7 1XA

S C COMMERCE LIMITED (REGISTERED NUMBER: SC308418)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,717 3,257

CURRENT ASSETS
Debtors 5 1,010 10,570
Cash at bank 187,767 170,612
188,777 181,182
CREDITORS
Amounts falling due within one year 6 72,361 17,022
NET CURRENT ASSETS 116,416 164,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,133

167,417

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 119,132 167,416
119,133 167,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 5 August 2024 and were signed on its behalf by:





Dr D Macaskill - Director


S C COMMERCE LIMITED (REGISTERED NUMBER: SC308418)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

S C Commerce 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.

S C Commerce Limited is a wholly owned subsidiary of Scottish Care whose registered office is Bld 372, Ground Floor Offices, 22-27 Alpha Freight, Glasgow Prestwick Airport, Prestwick. KA9 2QA.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

S C COMMERCE LIMITED (REGISTERED NUMBER: SC308418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

PROVISIONS
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 5,470 8,985 14,455
Additions - 1,609 1,609
At 31 March 2024 5,470 10,594 16,064
DEPRECIATION
At 1 April 2023 5,470 5,728 11,198
Charge for year - 2,149 2,149
At 31 March 2024 5,470 7,877 13,347
NET BOOK VALUE
At 31 March 2024 - 2,717 2,717
At 31 March 2023 - 3,257 3,257

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 65 1,467
Prepayments 945 9,103
1,010 10,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 68,267 -
VAT 154 599
Accruals and deferred income 3,940 16,423
72,361 17,022

S C COMMERCE LIMITED (REGISTERED NUMBER: SC308418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. RESERVES
Retained
earnings
£   

At 1 April 2023 167,416
Deficit for the year (48,284 )
At 31 March 2024 119,132

8. RELATED PARTY DISCLOSURES

The company made a gift aid donation of £46,288 during the year to its parent company, Scottish Care.

During the year, expenses amounting to £67,963 (2023: £60,596) where recharged to the company by Scottish Care for wages and administration costs. This amount was included in creditors at the year end.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Scottish Care.