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REGISTERED NUMBER: SC088918 (Scotland)















Audited Financial Statements For The Year Ended 31 December 2023

for

W Munro (Rehab) Limited

W Munro (Rehab) Limited (Registered number: SC088918)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


W Munro (Rehab) Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: G C Munro
M Benyon
P J Ledwith
Miss R L Wilson
D S Hazlie





REGISTERED OFFICE: 8/10 Dunrobin Court
North Avenue
Clydebank Business Park
Clydebank
G81 2QP





REGISTERED NUMBER: SC088918 (Scotland)





INDEPENDENT AUDITORS: Robb Ferguson
Chartered Accountants & Statutory Auditors
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

W Munro (Rehab) Limited (Registered number: SC088918)

Abridged Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 311,414 310,237

CURRENT ASSETS
Stocks 571,350 555,196
Debtors 708,020 824,993
Cash at bank and in hand 600,894 94,385
1,880,264 1,474,574
CREDITORS
Amounts falling due within one year 435,587 325,962
NET CURRENT ASSETS 1,444,677 1,148,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,756,091

1,458,849

CREDITORS
Amounts falling due after more than one
year

(18,699

)

(19,549

)

PROVISIONS FOR LIABILITIES (50,407 ) (51,608 )
NET ASSETS 1,686,985 1,387,692

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,685,985 1,386,692
SHAREHOLDERS' FUNDS 1,686,985 1,387,692

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





G C Munro - Director


W Munro (Rehab) Limited (Registered number: SC088918)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

W Munro (Rehab) 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

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.
Heritable property - 2% on cost
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


W Munro (Rehab) Limited (Registered number: SC088918)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation and deferred tax
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 that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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.

Grants
Government grants are written off at the following rates:

Heritable property - 2% on cost
Fixtures and fittings - 25% reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 33 ) .

W Munro (Rehab) Limited (Registered number: SC088918)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 956,298
Additions 70,000
Disposals (29,969 )
At 31 December 2023 996,329
DEPRECIATION
At 1 January 2023 646,061
Charge for year 67,175
Eliminated on disposal (28,321 )
At 31 December 2023 684,915
NET BOOK VALUE
At 31 December 2023 311,414
At 31 December 2022 310,237

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 24,079 24,238
Between one and five years 9,386 33,466
33,465 57,704

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Janice Alexander (Senior Statutory Auditor)
for and on behalf of Robb Ferguson

7. ULTIMATE CONTROLLING PARTY

The controlling party is M Benyon by virtue of his shareholding in Holmpatrick Limited, the ultimate controlling
parent company.

Registered office of Hompatrick Limited: Electrovision House, Lancots Lane, St Helens, Merseyside House, WA9 3EX.