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REGISTERED NUMBER: SC275690 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

1CALL PROPERTY MAINTENANCE LIMITED

1CALL PROPERTY MAINTENANCE LIMITED (REGISTERED NUMBER: SC275690)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 8

1CALL PROPERTY MAINTENANCE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: H Kerr





SECRETARY: Burnett and Reid





REGISTERED OFFICE: C/o Burnett & Reid LLP
Suite A
1 Albyn Place
Aberdeen
AB10 1BR





REGISTERED NUMBER: SC275690 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

1CALL PROPERTY MAINTENANCE LIMITED (REGISTERED NUMBER: SC275690)

BALANCE SHEET
31 December 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 2,400 3,600
Tangible assets 6 257,182 168,679
259,582 172,279

CURRENT ASSETS
Stocks 7 155,328 226,289
Debtors 8 404,310 705,956
Cash at bank and in hand 237,812 292,919
797,450 1,225,164
CREDITORS
Amounts falling due within one year 9 352,701 572,470
NET CURRENT ASSETS 444,749 652,694
TOTAL ASSETS LESS CURRENT LIABILITIES 704,331 824,973

PROVISIONS FOR LIABILITIES 64,295 42,170
NET ASSETS 640,036 782,803

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Retained earnings 627,536 770,303
SHAREHOLDERS' FUNDS 640,036 782,803

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 director acknowledges his 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.

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 Profit & Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





H Kerr - Director


1CALL PROPERTY MAINTENANCE LIMITED (REGISTERED NUMBER: SC275690)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

1Call Property Maintenance 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts for services provided including amounts recognised on construction and maintenance contracts.

Turnover recognised on construction and maintenance contracts where the outcome can be estimated reliably. Variations to, and claims arising in respect of, construction and maintenance contracts are included in revenue to the extent that they have been agreed with the customer. Turnover and costs are recognised by reference to the stage of completion of contract activity at the balance sheet date. Contract completion is measured by an estimate of the percentage completion of work performed to date.

Amounts recoverable on construction and maintenance contracts are included in trade receivables and stated at cost plus attributable profit less any foreseeable losses. The costs on contracts not yet taken to the profit and loss account less related foreseeable losses and payments on account are shown in stocks and work in progress. Payments received in excess of amounts recoverable on contracts, if any, are included in payments on account within creditors.

Amounts withheld by contract customers in the form of retentions have historically been recognised to profit and loss only once the retention amount has been invoiced post completion of work plus the agreed retention period. For the current year onwards, including restated comparative, withheld amounts are recognised to profit and loss upon completion of the works and included in debtors to be released once the retention period has passed and once the retained funds have been received.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost, 25% on cost and 10% on cost
Motor vehicles - 25% on cost, 25% reducing balance and 10% on cost
Computer equipment - 25% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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

Stocks are measured on a first-in, first-out method and costs include all purchase, transport and handling costs in bringing stock to their present location and condition.

Work in Progress is measured at the estimated realisable value of contract and maintenance work ongoing at year end after making due provision for non-recoverable amounts, if any.

1CALL PROPERTY MAINTENANCE LIMITED (REGISTERED NUMBER: SC275690)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss, 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2022 - 60 ) .

1CALL PROPERTY MAINTENANCE LIMITED (REGISTERED NUMBER: SC275690)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 12,000
AMORTISATION
At 1 January 2023 8,400
Amortisation for year 1,200
At 31 December 2023 9,600
NET BOOK VALUE
At 31 December 2023 2,400
At 31 December 2022 3,600

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 113,951 410,329 3,410 527,690
Additions 56,034 146,007 10,152 212,193
Disposals (74,063 ) (212,091 ) - (286,154 )
At 31 December 2023 95,922 344,245 13,562 453,729
DEPRECIATION
At 1 January 2023 98,247 259,339 1,425 359,011
Charge for year 7,186 39,111 3,017 49,314
Eliminated on disposal (65,924 ) (145,854 ) - (211,778 )
At 31 December 2023 39,509 152,596 4,442 196,547
NET BOOK VALUE
At 31 December 2023 56,413 191,649 9,120 257,182
At 31 December 2022 15,704 150,990 1,985 168,679

7. STOCKS
2023 2022
as restated
£    £   
Stocks 3,550 3,750
Work-in-progress 151,778 222,539
155,328 226,289

1CALL PROPERTY MAINTENANCE LIMITED (REGISTERED NUMBER: SC275690)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 330,780 646,015
Other debtors 15,482 48,583
Tax 44,360 -
Prepayments 13,688 11,358
404,310 705,956

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts - 846
Trade creditors 86,970 111,517
Tax - 96,174
Social security and other taxes 61,149 197,909
VAT 104,471 115,446
Other creditors 36,356 10,797
Directors' current accounts 2,386 1,638
Accrued expenses 61,369 38,143
352,701 572,470

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£    £   
Within one year 27,500 4,583
Between one and five years 64,167 91,667
91,667 96,250

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Invoice financing facility - 846

The company has granted a floating charge over all current and future property and undertakings of the business in favour of The Royal Bank of Scotland Commercial Services Limited in respect of the invoice financing facility.

The company has granted a bond and floating charge over all current and future property and undertakings of the business in favour of The Royal Bank of Scotland PLC.

1CALL PROPERTY MAINTENANCE LIMITED (REGISTERED NUMBER: SC275690)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
as restated
£    £   
H Kerr
Balance outstanding at start of year (1,638 ) 25,782
Amounts repaid (748 ) (27,420 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,386 ) (1,638 )

The above loan is interest free and has no set repayment terms.

13. RELATED PARTY DISCLOSURES

R&A House, the trading address of the company, is owned by a self-administered pension scheme, of which the director is a trustee. During the year rent of £19,250 (2022: £12,833) was charged to the company by the pension scheme.

14. PRIOR YEAR ADJUSTMENTS

Prior year adjustments have been made to record previously omitted transactions and correct erroneous transactions in the comparative period.

Total omitted trade creditors and other creditors and accruals of £224,612 have been recorded.

Total overstated trade and other debtors of £8,587 have been removed.

Transactions omitted from cash at bank of £44,912 have been now been included to reconcile cash at bank at 31 December 2022.

Omitted fixed asset additions of £2,935 have been recorded and an associated increase to the depreciation charge of £84 has been included.

As a result of the adjustments noted above, a reduction to Corporation tax charge for the year to 31 December 2022 of £23,507 has been recorded.

In addition to items affecting profit and loss, several reclassifications have been made on the balance sheet namely to move assets under hire purchase to assets wholly owned as the hire purchase liabilities had been fully repaid previously. Expenses totalling £137,793 have been reclassified from various profit and loss headings to 'Exceptional item's relating to employee misappropriation of funds identified.

The net total to profit and loss of all adjustments processed in the comparative year was £162,153 reduction to profit.

15. EXCEPTIONAL ITEMS

2023 2022
as restated
£ £

Exceptional items (275,517) (137,793)


Exceptional items in the current and comparative years comprise losses suffered from misappropriation of funds by a former staff member. These losses have been investigated and recognised in full to profit and loss, any amounts recovered in future periods will be credited to profit and loss.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
1CALL PROPERTY MAINTENANCE LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 1Call Property Maintenance Limited for the year ended 31 December 2023 which comprise the Profit & Loss, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of 1Call Property Maintenance Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 1Call Property Maintenance Limited and state those matters that we have agreed to state to the director of 1Call Property Maintenance Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that 1Call Property Maintenance 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 loss of 1Call Property Maintenance Limited. You consider that 1Call Property Maintenance 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 1Call Property Maintenance 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.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


23 September 2024