REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2024 |
for |
SUPPLIER DEVELOPMENT PROGRAMME |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2024 |
for |
SUPPLIER DEVELOPMENT PROGRAMME |
SUPPLIER DEVELOPMENT PROGRAMME (REGISTERED NUMBER: SC342650) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SUPPLIER DEVELOPMENT PROGRAMME |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditor |
29 Brandon Street |
Hamilton |
ML3 6DA |
SUPPLIER DEVELOPMENT PROGRAMME (REGISTERED NUMBER: SC342650) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SUPPLIER DEVELOPMENT PROGRAMME (REGISTERED NUMBER: SC342650) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Supplier Development Programme is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Rendering of services |
Turnover from a contract to provide services is recognised in the period the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: |
- The amount of turnover can be measured reliably; |
- It is probable that the company will receive the consideration due under the contract; |
- The stage of completion of the contract at the end of the reporting period can be measured reliably; and |
- The costs incurred and the costs to complete |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
SUPPLIER DEVELOPMENT PROGRAMME (REGISTERED NUMBER: SC342650) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
There were no related party transactions. |
9. | ULTIMATE CONTROLLING PARTY |
There is no ultimate controlling party. |
10. | LIMITED BY GUARANTEE |
The company is limited by guarantee and has no share capital. |
11. | TRANSACTIONS WITH SOUTH LANARKSHIRE COUNCIL |
During the year South Lanarkshire Council gave a partners contribution (net of VAT) of £10,000 (2023 - £10,000). In addition, Supplier Development Programme was recharged expenses by South Lanarkshire Council of £302,416 (2023: £289,383) to cover the costs of seconded staff, finance charges and IT support costs, £302,416 (2023: £351) was included in creditors at the year end. |
An amount of £705,130 (2023 - £360,399) was held on behalf of the company by South Lanarkshire Council at the year end and is included in debtors. |