Registered number
SC466885
ZA Care Limited
Filleted Accounts
31 March 2024
ZA Care Limited
Registered number: SC466885
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 307,654 369,189
Tangible assets 4 1,632,462 1,569,256
1,940,116 1,938,445
Current assets
Debtors 5 5,495 1,497
Cash at bank and in hand 149,482 137,218
154,977 138,715
Creditors: amounts falling due within one year 6 (424,895) (245,799)
Net current liabilities (269,918) (107,084)
Total assets less current liabilities 1,670,198 1,831,361
Creditors: amounts falling due after more than one year 7 (499,142) (788,375)
Net assets 1,171,056 1,042,986
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,170,956 1,042,886
Shareholder's funds 1,171,056 1,042,986
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shabana Ahmed
Director
Approved by the board on 21 May 2024
ZA Care Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Fixtures, fittings, tools and equipment 20% reducing balance
Motor vehicles 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 90 100
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 615,321
At 31 March 2024 615,321
Amortisation
At 1 April 2023 246,132
Provided during the year 61,535
At 31 March 2024 307,667
Net book value
At 31 March 2024 307,654
At 31 March 2023 369,189
4 Tangible fixed assets
Land and buildings Equipment, fixtures & fittings Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 1,456,000 222,638 104,959 1,783,597
Additions - - 131,571 131,571
Disposals - - (91,730) (91,730)
At 31 March 2024 1,456,000 222,638 144,800 1,823,438
Depreciation
At 1 April 2023 - 152,853 61,488 214,341
Charge for the year - 13,958 17,103 31,061
On disposals - - (54,426) (54,426)
At 31 March 2024 - 166,811 24,165 190,976
Net book value
At 31 March 2024 1,456,000 55,827 120,635 1,632,462
At 31 March 2023 1,456,000 69,785 43,471 1,569,256
5 Debtors 2024 2023
£ £
Trade debtors 5,495 1,497
Section 455 Tax debtor - -
Other debtors - -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 98,500 98,500
Trade creditors 63,583 22,233
Accrued charges 201,790 98,037
Other taxes and social security costs 61,022 27,029
Section 455 Tax creditor - -
424,895 245,799
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 499,142 746,027
Obligations under finance lease and hire purchase contracts - 42,348
499,142 788,375
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 350,189 651,831
9 Controlling party
The director, Shabana Ahmed, held a 100% beneficial interest in the share capital of the company.
10 Other information
ZA Care Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
17 Herries Road
Herries Road
Glasgow
G41 4DE
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