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REGISTERED NUMBER: SC337695 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

JSL CARE LIMITED

JSL CARE LIMITED (REGISTERED NUMBER: SC337695)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


JSL CARE LIMITED (REGISTERED NUMBER: SC337695)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,183,059 2,186,410

CURRENT ASSETS
Debtors 5 709,705 967,169
Cash at bank 146,618 63,359
856,323 1,030,528
CREDITORS
Amounts falling due within one year 6 1,290,316 1,511,937
NET CURRENT LIABILITIES (433,993 ) (481,409 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,749,066

1,705,001

CREDITORS
Amounts falling due after more than one
year

7

882,656

1,109,192
NET ASSETS 866,410 595,809

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 866,407 595,806
SHAREHOLDERS' FUNDS 866,410 595,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Income Statement has not been delivered.

JSL CARE LIMITED (REGISTERED NUMBER: SC337695)

BALANCE SHEET - continued
29 February 2024



The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





D S Shearer - Director


JSL CARE LIMITED (REGISTERED NUMBER: SC337695)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

JSL Care Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC337695

Registered office: Glenlivet Gardens Care Home
30 Glen Livet Place
Glasgow
G53 7LA

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 & revenue recognition
Turnover represents invoiced sales of goods and services. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
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 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.

JSL CARE LIMITED (REGISTERED NUMBER: SC337695)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 157 (2023 - 141 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 2,099,509 533,980 189,196
Additions - 2,392 13,566
At 29 February 2024 2,099,509 536,372 202,762
DEPRECIATION
At 1 March 2023 - 499,946 147,034
Charge for year - 7,207 9,961
At 29 February 2024 - 507,153 156,995
NET BOOK VALUE
At 29 February 2024 2,099,509 29,219 45,767
At 28 February 2023 2,099,509 34,034 42,162

JSL CARE LIMITED (REGISTERED NUMBER: SC337695)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 16,880 11,770 2,851,335
Additions - - 15,958
At 29 February 2024 16,880 11,770 2,867,293
DEPRECIATION
At 1 March 2023 12,529 5,416 664,925
Charge for year 870 1,271 19,309
At 29 February 2024 13,399 6,687 684,234
NET BOOK VALUE
At 29 February 2024 3,481 5,083 2,183,059
At 28 February 2023 4,351 6,354 2,186,410

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 29 February 2024 16,880
DEPRECIATION
At 1 March 2023 12,529
Charge for year 870
At 29 February 2024 13,399
NET BOOK VALUE
At 29 February 2024 3,481
At 28 February 2023 4,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 272,311 473,978
Inter-company loan 437,394 493,191
709,705 967,169

JSL CARE LIMITED (REGISTERED NUMBER: SC337695)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 121,218 256,537
Trade creditors 222,349 388,402
Tax 86,322 38,518
Social security and other taxes 99,170 41,088
Other creditors 27,040 9,370
Creditor Loanwood 157,208 157,208
Directors' current accounts 330,602 351,623
Accruals and deferred income 37,890 135,490
Accrued expenses 208,517 133,701
1,290,316 1,511,937

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 121,218 135,320
Bank loans - 2-5 years 363,654 405,959
Bank loans more 5 yr by instal 397,784 567,913
882,656 1,109,192

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 397,784 567,913

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 1,003,874 1,244,512

The bank loan is secured by:
- the first Standard Security by the Borrower over the Property
- the Bond & Floating Charge by the Borrower over its whole property and undertaking

9. RELATED PARTY DISCLOSURES

Inter-company loans receivable from Bonnyholm Ltd total £437,394 (2022: £493,191)
Inter-company loans payable to Loanwood Ltd total £157,208 (2023: £157,208)
Loans due to the director £330,602 (2023: £351,623)

10. ULTIMATE CONTROLLING PARTY

Ultimate control is held jointly by D Shearer, J Shearer and L Shearer.