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REGISTERED NUMBER: SC336812 (Scotland)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

Beechwood Homecare Limited

Beechwood Homecare Limited (Registered number: SC336812)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Beechwood Homecare Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: J Donald
Mrs S Donald





SECRETARY: Mrs S Donald





REGISTERED OFFICE: Little Mount
Craigs Road
Dumfries
DG1 4UT





REGISTERED NUMBER: SC336812 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Beechwood Homecare Limited (Registered number: SC336812)

Balance Sheet
31st January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,130 30,370

CURRENT ASSETS
Debtors 5 128,552 171,609
Cash at bank 126,751 200,097
255,303 371,706
CREDITORS
Amounts falling due within one year 6 (92,227 ) (137,562 )
NET CURRENT ASSETS 163,076 234,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,206

264,514

CREDITORS
Amounts falling due after more than one year 7 (43,294 ) (50,727 )

PROVISIONS FOR LIABILITIES (466 ) (516 )
NET ASSETS 144,446 213,271

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 144,344 213,169
SHAREHOLDERS' FUNDS 144,446 213,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2024 and were signed on its behalf by:





J Donald - Director


Beechwood Homecare Limited (Registered number: SC336812)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Beechwood Homecare 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 trading address of the company is Suite 41, Riverside House, Warwick Road, Carlisle CA1 2BS.

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.

Turnover
Turnover represents net invoiced sales from the provision of social work and accommodation services, excluding value added tax.

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 etc - 25% on reducing balance and 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Beechwood Homecare Limited (Registered number: SC336812)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 79 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 48,182
Additions 2,179
At 31st January 2024 50,361
DEPRECIATION
At 1st February 2023 17,812
Charge for year 7,419
At 31st January 2024 25,231
NET BOOK VALUE
At 31st January 2024 25,130
At 31st January 2023 30,370

Beechwood Homecare Limited (Registered number: SC336812)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 92,955 140,965
Other debtors 35,597 30,644
128,552 171,609

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 2,433 2,433
Trade creditors 65,671 80,551
Taxation and social security 11,787 40,203
Other creditors 7,336 9,375
92,227 137,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 32,083 37,083
Hire purchase contracts 11,211 13,644
43,294 50,727

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 7,083 12,083

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 13,644 16,077

The hire purchase creditors are secured on the assets on which the finance is actually outstanding.

9. RELATED PARTY DISCLOSURES

The company operates a directors' current account with the directors. The amount owed by the company to the directors at the 31st January 2024 was £90 (2023 - £163). This sum is interest free and repayable on demand.