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REGISTERED NUMBER: 07970608 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Scriptcare Limited

Scriptcare Limited (Registered number: 07970608)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scriptcare Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr Ranjeet Singh Sidhu





REGISTERED OFFICE: Office 1
Hatherton Court
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 07970608 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Scriptcare Limited (Registered number: 07970608)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,585 14,929
18,585 14,929

CURRENT ASSETS
Stocks 25,000 23,740
Debtors 6 287,600 194,766
Cash at bank and in hand 80,698 52,376
393,298 270,882
CREDITORS
Amounts falling due within one year 7 (220,861 ) (196,607 )
NET CURRENT ASSETS 172,437 74,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,022

89,204

PROVISIONS FOR LIABILITIES (4,646 ) (2,837 )
NET ASSETS 186,376 86,367

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,276 86,267
SHAREHOLDERS' FUNDS 186,376 86,367

Scriptcare Limited (Registered number: 07970608)

Balance Sheet - continued
31 May 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





Mr Ranjeet Singh Sidhu - Director


Scriptcare Limited (Registered number: 07970608)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Scriptcare Limited is a private company, limited by shares , registered in England and Wales. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Scriptcare Limited (Registered number: 07970608)

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


2. ACCOUNTING POLICIES - continued
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 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 729,000
AMORTISATION
At 1 June 2023
and 31 May 2024 729,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

Scriptcare Limited (Registered number: 07970608)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 4,634 132,880 137,514
Additions - 6,670 6,670
At 31 May 2024 4,634 139,550 144,184
DEPRECIATION
At 1 June 2023 2,783 119,802 122,585
Charge for year 463 2,551 3,014
At 31 May 2024 3,246 122,353 125,599
NET BOOK VALUE
At 31 May 2024 1,388 17,197 18,585
At 31 May 2023 1,851 13,078 14,929

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 104,622 101,738
Amounts owed by group undertakings 90,863 -
Other debtors 92,115 93,028
287,600 194,766

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 183,859 157,971
Amounts owed to group undertakings - 17,754
Taxation and social security 35,062 17,368
Other creditors 1,940 3,514
220,861 196,607

8. RELATED PARTY DISCLOSURES

Included in the Other Debtors is the balance of £75,579.52 (2023 - £62,579.52) due from S & G Coventry Limited as on 31 May 2024.

Mr. Ranjeet Singh Sidhu is the director of the S & G Coventry Limited as at 31 May 2024.