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REGISTERED NUMBER: 03804971 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SCL CARE LIMITED

SCL CARE LIMITED (REGISTERED NUMBER: 03804971)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SCL CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N Tank
S Malde





SECRETARY: S A Malde





REGISTERED OFFICE: 70 Little Oxhey Lane
Watford
Hertfordshire
WD19 6FW





REGISTERED NUMBER: 03804971 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SCL CARE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SCL Care Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SCL Care Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SCL Care Limited and state those matters that we have agreed to state to the Board of Directors of SCL Care Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SCL Care Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SCL Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SCL Care Limited. You consider that SCL Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SCL Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


20 August 2024

SCL CARE LIMITED (REGISTERED NUMBER: 03804971)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,075,280 1,072,247

CURRENT ASSETS
Debtors 5 364,903 290,566
Cash at bank 1,661,055 1,533,208
2,025,958 1,823,774
CREDITORS
Amounts falling due within one year 6 239,202 225,780
NET CURRENT ASSETS 1,786,756 1,597,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,862,036

2,670,241

CREDITORS
Amounts falling due after more than one year 7 - (190,814 )

PROVISIONS FOR LIABILITIES 9 (42,297 ) (39,100 )
NET ASSETS 2,819,739 2,440,327

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 2,819,639 2,440,227
SHAREHOLDERS' FUNDS 2,819,739 2,440,327

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

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

SCL CARE LIMITED (REGISTERED NUMBER: 03804971)

BALANCE SHEET - continued
31 DECEMBER 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 20 August 2024 and were signed on its behalf by:





N Tank - Director


SCL CARE LIMITED (REGISTERED NUMBER: 03804971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

SCL Care Limited 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.

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.

Changes in presentation
The directors have decided not to present statement of other comprehensive income and statement of changes in equity to avail exemption from presenting these statements available for small entities. There has been no other comprehensive income for the period and a note to the financial statements has been added for the movement in reserves to replace statement of changes in equity.

Turnover
Turnover represents value of services provided to the balance sheet date and is recognised when the company has a right to consideration.

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 - Straight line over 50 years
Improvements to property - Straight line over 17 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Grants provided by the government in respect of Covid-19 are recognised in the accounting period in which they are received, under accrual model.

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.


SCL CARE LIMITED (REGISTERED NUMBER: 03804971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Financing transactions

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 77 (2022 - 75 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 January 2023 991,196 88,534 297,298
Additions - - 54,007
Disposals - - (3,994 )
At 31 December 2023 991,196 88,534 347,311
DEPRECIATION
At 1 January 2023 82,105 47,255 214,824
Charge for year 9,348 5,897 25,934
Eliminated on disposal - - (1,447 )
At 31 December 2023 91,453 53,152 239,311
NET BOOK VALUE
At 31 December 2023 899,743 35,382 108,000
At 31 December 2022 909,091 41,279 82,474

SCL CARE LIMITED (REGISTERED NUMBER: 03804971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 65,938 4,337 1,447,303
Additions - 2,960 56,967
Disposals - - (3,994 )
At 31 December 2023 65,938 7,297 1,500,276
DEPRECIATION
At 1 January 2023 28,848 2,024 375,056
Charge for year 9,272 936 51,387
Eliminated on disposal - - (1,447 )
At 31 December 2023 38,120 2,960 424,996
NET BOOK VALUE
At 31 December 2023 27,818 4,337 1,075,280
At 31 December 2022 37,090 2,313 1,072,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,332 22,830
Amounts owed by connected company 300,000 250,000
Prepayments 14,571 11,783
Accrued income - 5,953
364,903 290,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 16,881
Trade creditors 37,111 33,086
Tax 116,610 115,351
Social security and other taxes 16,695 21,600
Other creditors 15,828 18,027
Directors' current accounts - 2,520
Accrued and deferred income 52,958 18,315
239,202 225,780

SCL CARE LIMITED (REGISTERED NUMBER: 03804971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 33,762
Bank loans - 2-5 years - 157,052
- 190,814

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 207,695

The bank loan is secured by a way of legal charge over the assets of the company and by a way of the director's personal guarantee. The loan is repayable by 5 years instalments with rate of interest 2.45% above the base rate.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 42,297 39,100

Deferred
tax
£   
Balance at 1 January 2023 39,100
Provided during year 3,197
Movements in the year
Balance at 31 December 2023 42,297

10. RESERVES
Retained
earnings
£   

At 1 January 2023 2,440,227
Profit for the year 379,412
At 31 December 2023 2,819,639

SCL CARE LIMITED (REGISTERED NUMBER: 03804971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


11. RELATED PARTY DISCLOSURES

The company operates from premises owned by the director and shareholders. During the year the company paid rent of £137,400 (2022: £137,400).

Included in debtors amounts less than one year is amount of £Nil (2022: £2,520) due to Mr N Tank, the director of the company.

Included in debtors amounts less than one year is an amount of £300,000 (2022: £250,000) due from SCL Nurseries Limited, a company in which the director has a beneficial interest. The amount owed is interest free and repayable on demand.