Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 April 2022 false 1 July 2023 30 June 2024 30 June 2024 SC304274 Mrs Lisa Cornford Mr Ivan Cornford Mr Ivan Cornford true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC304274 2023-06-30 SC304274 2024-06-30 SC304274 2023-07-01 2024-06-30 SC304274 frs-core:CurrentFinancialInstruments 2024-06-30 SC304274 frs-core:Non-currentFinancialInstruments 2024-06-30 SC304274 frs-core:ComputerEquipment 2024-06-30 SC304274 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC304274 frs-core:ComputerEquipment 2023-06-30 SC304274 frs-core:FurnitureFittings 2024-06-30 SC304274 frs-core:FurnitureFittings 2023-07-01 2024-06-30 SC304274 frs-core:FurnitureFittings 2023-06-30 SC304274 frs-core:NetGoodwill 2024-06-30 SC304274 frs-core:NetGoodwill 2023-07-01 2024-06-30 SC304274 frs-core:NetGoodwill 2023-06-30 SC304274 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 SC304274 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC304274 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 SC304274 frs-core:ShareCapital 2024-06-30 SC304274 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC304274 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC304274 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC304274 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC304274 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC304274 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC304274 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 SC304274 frs-bus:OrdinaryShareClass1 2024-06-30 SC304274 1 2023-07-01 2024-06-30 SC304274 frs-bus:Director1 2023-07-01 2024-06-30 SC304274 frs-bus:Director1 2023-06-30 SC304274 frs-bus:Director1 2024-06-30 SC304274 frs-bus:Director2 2023-07-01 2024-06-30 SC304274 frs-bus:Director2 2023-06-30 SC304274 frs-bus:Director2 2024-06-30 SC304274 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 SC304274 1 2023-07-01 2024-06-30 SC304274 2 2023-07-01 2024-06-30 SC304274 frs-core:CurrentFinancialInstruments 2 2024-06-30 SC304274 frs-core:Non-currentFinancialInstruments 2 2024-06-30 SC304274 frs-core:CurrentFinancialInstruments 3 2024-06-30 SC304274 frs-core:CurrentFinancialInstruments 4 2024-06-30 SC304274 frs-core:Non-currentFinancialInstruments 4 2024-06-30 SC304274 frs-countries:Scotland 2023-07-01 2024-06-30 SC304274 2022-03-31 SC304274 2023-06-30 SC304274 2022-04-01 2023-06-30 SC304274 frs-core:CurrentFinancialInstruments 2023-06-30 SC304274 frs-core:Non-currentFinancialInstruments 2023-06-30 SC304274 frs-core:ShareCapital 2023-06-30 SC304274 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC304274 frs-bus:OrdinaryShareClass1 2022-04-01 2023-06-30 SC304274 1 2022-04-01 2023-06-30 SC304274 frs-core:CurrentFinancialInstruments 1 2023-06-30 SC304274 2 2022-04-01 2023-06-30 SC304274 frs-core:CurrentFinancialInstruments 2 2023-06-30 SC304274 frs-core:Non-currentFinancialInstruments 2 2023-06-30 SC304274 frs-core:CurrentFinancialInstruments 3 2023-06-30 SC304274 frs-core:CurrentFinancialInstruments 4 2023-06-30 SC304274 frs-core:Non-currentFinancialInstruments 4 2023-06-30
Registered number: SC304274
St. David's Care (Forfar) Limited
Financial Statements
For The Year Ended 30 June 2024
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mrs Lisa Cornford
Mr Ivan Cornford
Secretary Mr Ivan Cornford
Company Number SC304274
Registered Office 38 Glamis Road
Forfar
Angus
DD8 1DG
Accountants Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Page 1
Page 2
Balance Sheet
Registered number: SC304274
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 230,100 245,700
Tangible Assets 5 1,511,511 1,512,764
1,741,611 1,758,464
CURRENT ASSETS
Stocks 6 10,000 10,000
Debtors 7 56,159 50,871
Cash at bank and in hand 2,046 40
68,205 60,911
Creditors: Amounts Falling Due Within One Year 8 (482,256 ) (481,268 )
NET CURRENT ASSETS (LIABILITIES) (414,051 ) (420,357 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,327,560 1,338,107
Creditors: Amounts Falling Due After More Than One Year 9 (669,655 ) (726,461 )
NET ASSETS 657,905 611,646
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 657,903 611,644
SHAREHOLDERS' FUNDS 657,905 611,646
Page 2
Page 3
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lisa Cornford
Director
Mr Ivan Cornford
Director
1st September 2024
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
St. David's Care (Forfar) Limited Registered number SC304274 is a limited by shares company incorporated in Scotland. The Registered Office is 38 Glamis Road, Forfar, Angus, DD8 1DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of services supplied by the company.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 25 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not provided
Fixtures & Fittings 10% and 20% on reducing balance
Computer Equipment 33% on reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
30 June 2024 30 June 2023
Directors 2 2
Care Staff 34 34
36 36
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 390,000
As at 30 June 2024 390,000
Amortisation
As at 1 July 2023 144,300
Provided during the period 15,600
As at 30 June 2024 159,900
Net Book Value
As at 30 June 2024 230,100
As at 1 July 2023 245,700
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 1,479,278 87,673 8,593 1,575,544
Additions 390 5,600 - 5,990
As at 30 June 2024 1,479,668 93,273 8,593 1,581,534
Depreciation
As at 1 July 2023 - 56,385 6,395 62,780
Provided during the period - 6,518 725 7,243
As at 30 June 2024 - 62,903 7,120 70,023
Net Book Value
As at 30 June 2024 1,479,668 30,370 1,473 1,511,511
As at 1 July 2023 1,479,278 31,288 2,198 1,512,764
6. Stocks
30 June 2024 30 June 2023
£ £
Stocks 10,000 10,000
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Page 6
7. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors 55,781 50,708
Prepayments and accrued income 378 163
56,159 50,871
8. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Bank loans and overdrafts 5,348 2,989
Corporation tax 12,788 -
Other taxes and social security 35,104 18,836
Pension 3,260 2,725
Company credit card - 3,050
Loans repayable within 1 year 101,325 89,071
Short term finance 7,026 -
Financial penalty less than 1 year 18,000 18,000
Accruals 42,301 46,864
Directors' loan accounts 257,104 299,733
482,256 481,268
9. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 June 2023
£ £
Loans - more than 1 year 604,155 642,961
Financial penalty more than 1 year 65,500 83,500
669,655 726,461
10. Share Capital
30 June 2024 30 June 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mrs Lisa Cornford 168,945 24,506 48,161 - 145,290
Mr Ivan Cornford 130,787 27,386 46,360 - 111,814
The above loans are unsecured, interest free and repayable on demand.
Dividends paid to directors
Page 6
Page 7
30 June 2024 30 June 2023
£ £
Mr Ivan Cornford 1,000 2,000
Mrs Lisa Cornford 1,000 2,000
12. Ultimate Controlling Party
Mr I Cornford and Mrs L Cornford hold 100% of the share capital of the company and therefore have full control.
Page 7