Registered number
SC515137
Auchinbee Care Ltd
Filleted Accounts
31 March 2024
Auchinbee Care Ltd
Registered number: SC515137
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 82,151 98,582
Tangible assets 4 293,559 306,841
375,710 405,423
Current assets
Debtors 5 22,426 189
Cash at bank and in hand 52,408 80,169
74,834 80,358
Creditors: amounts falling due within one year 6 (122,117) (112,945)
Net current liabilities (47,283) (32,587)
Total assets less current liabilities 328,427 372,836
Creditors: amounts falling due after more than one year 7 (138,438) (150,370)
Net assets 189,989 222,466
Capital and reserves
Called up share capital 100 100
Profit and loss account 189,889 222,366
Shareholder's funds 189,989 222,466
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Faisal Mohammed
Director
Approved by the board on 28 November 2024
Auchinbee Care Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings & expenditure 25% reducing balance
Motor vehicles 20% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 30 28
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 164,306
At 31 March 2024 164,306
Amortisation
At 1 April 2023 65,724
Provided during the year 16,431
At 31 March 2024 82,155
Net book value
At 31 March 2024 82,151
At 31 March 2023 98,582
4 Tangible fixed assets
Land and buildings Fixtures, fittings & expenditure Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 240,500 98,184 10,694 349,378
Additions - 5,339 - 5,339
At 31 March 2024 240,500 103,523 10,694 354,717
Depreciation
At 1 April 2023 - 34,367 8,170 42,537
Charge for the year - 18,116 505 18,621
At 31 March 2024 - 52,483 8,675 61,158
Net book value
At 31 March 2024 240,500 51,040 2,019 293,559
At 31 March 2023 240,500 63,817 2,524 306,841
5 Debtors 2024 2023
£ £
Trade debtors 67 189
Other debtors 22,359 -
22,426 189
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,342 5,342
Trade creditors 9,559 3,929
Taxation and social security costs 12,816 7,943
Accruals 2,500 2,000
Prepaid income 18,490 24,997
Other creditors 73,410 68,734
122,117 112,945
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 138,438 150,370
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 143,780 155,712
The Barclays bank loan is secured over the assets of the company by way of a bond and floating charge.
9 Related party transactions
SC Healthcare Scotland Ltd (SC776785)
A loan advance of £22,359 was made to SC Healthcare Scotland Ltd, a company owned by Faisal Mohammad's wife.
10 Controlling party
The director, Faisal Mohammed, held a 100% beneficial interest in the share capital of the company.
11 Other information
Auchinbee Care Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Auchinbee Farm Road
Cumbernauld
Glasgow
G68 0ET
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