Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC294235 Miss Doreen Beaton Mrs Margaret Beaton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC294235 2023-01-31 SC294235 2024-01-31 SC294235 2023-02-01 2024-01-31 SC294235 frs-core:CurrentFinancialInstruments 2024-01-31 SC294235 frs-core:Non-currentFinancialInstruments 2024-01-31 SC294235 frs-core:FurnitureFittings 2024-01-31 SC294235 frs-core:FurnitureFittings 2023-02-01 2024-01-31 SC294235 frs-core:FurnitureFittings 2023-01-31 SC294235 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 SC294235 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC294235 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 SC294235 frs-core:ShareCapital 2024-01-31 SC294235 frs-core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 SC294235 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC294235 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC294235 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC294235 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC294235 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC294235 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC294235 1 2023-02-01 2024-01-31 SC294235 frs-bus:Director1 2023-02-01 2024-01-31 SC294235 frs-bus:Director2 2023-02-01 2024-01-31 SC294235 frs-bus:Director2 2023-01-31 SC294235 frs-bus:Director2 2024-01-31 SC294235 frs-countries:Scotland 2023-02-01 2024-01-31 SC294235 2022-01-31 SC294235 2023-01-31 SC294235 2022-02-01 2023-01-31 SC294235 frs-core:CurrentFinancialInstruments 2023-01-31 SC294235 frs-core:Non-currentFinancialInstruments 2023-01-31 SC294235 frs-core:ShareCapital 2022-01-31 SC294235 frs-core:ShareCapital 2023-01-31 SC294235 frs-core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 SC294235 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-01-31 SC294235 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC294235
Glencrest Care Limited
Financial Statements
For The Year Ended 31 January 2024
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: SC294235
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 93,122 93,221
93,122 93,221
CURRENT ASSETS
Cash at bank and in hand 978 1,898
978 1,898
Creditors: Amounts Falling Due Within One Year 4 (158,763 ) (155,750 )
NET CURRENT ASSETS (LIABILITIES) (157,785 ) (153,852 )
TOTAL ASSETS LESS CURRENT LIABILITIES (64,663 ) (60,631 )
Creditors: Amounts Falling Due After More Than One Year 5 - (7,388 )
NET LIABILITIES (64,663 ) (68,019 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (64,664 ) (68,020 )
SHAREHOLDERS' FUNDS (64,663) (68,019)
Page 1
Page 2
For the year ending 31 January 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
Miss Doreen Beaton
Director
5th September 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 February 2022 1 (72,454 ) (72,453)
Profit for the year and total comprehensive income - 4,434 4,434
As at 31 January 2023 and 1 February 2023 1 (68,020 ) (68,019)
Profit for the year and total comprehensive income - 3,356 3,356
As at 31 January 2024 1 (64,664 ) (64,663)
Page 3
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover represents rental income received on the property owned by the company.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 no depreciation charge
Fixtures & Fittings 15% Reducing balance
1.4. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
No remuneration was paid to the Director during this year or the previous year.
2024 2023
Office and administration 1 1
1 1
Page 4
Page 5
3. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 92,334 2,000 94,334
As at 31 January 2024 92,334 2,000 94,334
Depreciation
As at 1 February 2023 - 1,113 1,113
Provided during the period - 99 99
As at 31 January 2024 - 1,212 1,212
Net Book Value
As at 31 January 2024 92,334 788 93,122
As at 1 February 2023 92,334 887 93,221
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 5,650
Other loans 9,402 -
Corporation tax 1,433 647
Other creditors 500 499
Accruals and deferred income 2,100 1,200
Directors' loan accounts 145,328 147,754
158,763 155,750
5. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 7,388
- 7,388
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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7. Directors Advances, Credits and Guarantees
Included within Creditors is the following loan from the director:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mrs Margaret Beaton Dec'd 147,754 5,098 7,524 - 145,328
The above loan is unsecured, interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party was Mrs Margaret Beaton by virtue of her ownership of 100% of the issued share capital in the company.
Page 6