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REGISTERED NUMBER: SC342650 (Scotland)















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: Councillor H A Brannan-Mcvey
Councillor A Buchannan
Ms F Conti
Mrs P M Deegan
Mrs J Hill
S W Jamieson
Mrs P Stevenson
Mrs R Thomas
S Canning
M McGeever
C Cullen
D W Inglis





SECRETARY: WJM Secretaries Ltd





REGISTERED OFFICE: St Vincent Plaza
319 St Vincent Street
Glasgow
G2 5RZ





REGISTERED NUMBER: SC342650 (Scotland)





AUDITORS: Sharles Audit Limited
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 5 725,402 479,920
Cash at bank 36,397 539
761,799 480,459
CREDITORS
Amounts falling due within one year 6 347,340 41,809
NET CURRENT ASSETS 414,459 438,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,459

438,650

RESERVES
Income and expenditure account 414,459 438,650
414,459 438,650

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.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





Ms F Conti - Director


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 private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

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 35,600
DEPRECIATION
At 1 April 2023
and 31 March 2024 35,600
NET BOOK VALUE
At 31 March 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 725,402 479,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 347,340 41,809

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sharles Audit Limited (Senior Statutory Auditor)
for and on behalf of Sharles Audit Limited

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.