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REGISTERED NUMBER: 10098445 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SOUTHCROFT HEALTHCARE LTD

SOUTHCROFT HEALTHCARE LTD (REGISTERED NUMBER: 10098445)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTHCROFT HEALTHCARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: G S Allen
C D Allen
L Allen
D Allen



SECRETARY: C D Allen



REGISTERED OFFICE: Southcroft
Wicker Lane
Guilden Sutton
Chester
Cheshire
CH3 7EL



REGISTERED NUMBER: 10098445 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: HSBC Bank plc
35 High Street
Prestatyn
LL19 9AL

SOUTHCROFT HEALTHCARE LTD (REGISTERED NUMBER: 10098445)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,114 47,927

CURRENT ASSETS
Debtors 5 135,009 253,153
Cash at bank 306,145 255,769
441,154 508,922
CREDITORS
Amounts falling due within one year 6 127,273 176,223
NET CURRENT ASSETS 313,881 332,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,995

380,626

CREDITORS
Amounts falling due after more than one
year

7

(45,407

)

(63,030

)

PROVISIONS FOR LIABILITIES 9 (8,279 ) (11,982 )
NET ASSETS 293,309 305,614

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 293,305 305,610
SHAREHOLDERS' FUNDS 293,309 305,614

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

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

SOUTHCROFT HEALTHCARE LTD (REGISTERED NUMBER: 10098445)

BALANCE SHEET - continued
31ST MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th July 2024 and were signed on its behalf by:





G S Allen - Director


SOUTHCROFT HEALTHCARE LTD (REGISTERED NUMBER: 10098445)

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

1. STATUTORY INFORMATION

Southcroft Healthcare Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

SOUTHCROFT HEALTHCARE LTD (REGISTERED NUMBER: 10098445)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 94 (2023 - 82 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 4,288 8,034 91,680 6,293 110,295
Additions - 2,871 - - 2,871
At 31st March 2024 4,288 10,905 91,680 6,293 113,166
DEPRECIATION
At 1st April 2023 1,478 3,461 51,680 5,749 62,368
Charge for year 960 1,636 14,546 542 17,684
At 31st March 2024 2,438 5,097 66,226 6,291 80,052
NET BOOK VALUE
At 31st March 2024 1,850 5,808 25,454 2 33,114
At 31st March 2023 2,810 4,573 40,000 544 47,927

SOUTHCROFT HEALTHCARE LTD (REGISTERED NUMBER: 10098445)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st April 2023 91,680
Transfer to ownership (33,500 )
At 31st March 2024 58,180
DEPRECIATION
At 1st April 2023 51,680
Charge for year 14,546
Transfer to ownership (33,500 )
At 31st March 2024 32,726
NET BOOK VALUE
At 31st March 2024 25,454
At 31st March 2023 40,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 104,262 225,862
Amounts recoverable on contract 29,231 25,791
Directors' current accounts - 16
Prepayments 1,516 1,484
135,009 253,153

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,162 9,912
Hire purchase contracts 7,461 12,480
Trade creditors 5,660 9,680
Tax 38,786 62,592
Social security and other taxes 11,443 15,998
Net wages 29,517 39,387
Directors' current accounts 22,737 24,667
Accrued expenses 1,507 1,507
127,273 176,223

SOUTHCROFT HEALTHCARE LTD (REGISTERED NUMBER: 10098445)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,419 10,162
Bank loans - 2-5 years 3,531 13,950
Hire purchase contracts 31,457 38,918
45,407 63,030

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 38,918 51,398

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 8,279 11,982

Deferred
tax
£   
Balance at 1st April 2023 11,982
Movements due to changes in: -
allowances (3,703 )
tax rate
Balance at 31st March 2024 8,279

10. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -