Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC657247 2023-04-01 2024-03-31 SC657247 2022-04-01 2023-03-31 SC657247 2024-03-31 SC657247 2023-03-31 SC657247 c:Director1 2023-04-01 2024-03-31 SC657247 c:Director2 2023-04-01 2024-03-31 SC657247 c:RegisteredOffice 2023-04-01 2024-03-31 SC657247 d:PlantMachinery 2023-04-01 2024-03-31 SC657247 d:PlantMachinery 2024-03-31 SC657247 d:PlantMachinery 2023-03-31 SC657247 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC657247 d:CurrentFinancialInstruments 2024-03-31 SC657247 d:CurrentFinancialInstruments 2023-03-31 SC657247 d:Non-currentFinancialInstruments 2024-03-31 SC657247 d:Non-currentFinancialInstruments 2023-03-31 SC657247 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC657247 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC657247 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC657247 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC657247 d:ShareCapital 2024-03-31 SC657247 d:ShareCapital 2023-03-31 SC657247 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC657247 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC657247 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC657247 c:OrdinaryShareClass1 2024-03-31 SC657247 c:OrdinaryShareClass1 2023-03-31 SC657247 c:FRS102 2023-04-01 2024-03-31 SC657247 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC657247 c:FullAccounts 2023-04-01 2024-03-31 SC657247 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC657247 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC657247










FIRST ALBA HEALTHCARE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
FIRST ALBA HEALTHCARE LIMITED
 

COMPANY INFORMATION


Directors
Dr R Sarraf 
Dr E Plewa-Sarraf 




Registered number
SC657247



Registered office
3 Dudhope Terrace

Dundee

DD3 6HG




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
FIRST ALBA HEALTHCARE LIMITED
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FIRST ALBA HEALTHCARE LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of First Alba Healthcare Limited for the year ended 31 March 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of Directors of First Alba Healthcare Limited, as a body, in accordance with the terms of our engagement letter dated 1 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of First Alba Healthcare Limited and state those matters that we have agreed to state to the Board of Directors of First Alba Healthcare Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than First Alba Healthcare Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that First Alba Healthcare Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of First Alba Healthcare Limited. You consider that First Alba Healthcare Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of First Alba Healthcare Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



EQ Accountants Limited
 
Chartered Accountants
  
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
30 January 2025
Page 1

 
FIRST ALBA HEALTHCARE LIMITED
REGISTERED NUMBER: SC657247

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
185,701
204,929

  
185,701
204,929

CURRENT ASSETS
  

Stocks
  
1,500
-

Debtors: amounts falling due within one year
 5 
147,720
109,043

Cash at bank and in hand
  
29,603
962

  
178,823
110,005

Creditors: amounts falling due within one year
 6 
(149,001)
(20,608)

NET CURRENT ASSETS
  
 
 
29,822
 
 
89,397

TOTAL ASSETS LESS CURRENT LIABILITIES
  
215,523
294,326

Creditors: amounts falling due after more than one year
 7 
(84,521)
(105,308)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(17,724)
-

  
 
 
(17,724)
 
 
-

NET ASSETS
  
113,278
189,018


CAPITAL AND RESERVES
  

Called up share capital 
 8 
2
2

Profit and loss account
  
113,276
189,016

  
113,278
189,018


Page 2

 
FIRST ALBA HEALTHCARE LIMITED
REGISTERED NUMBER: SC657247

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2025.




Dr R Sarraf
Director

The notes on pages 4 to 8 form part of these financial statements.
Page 3

 
FIRST ALBA HEALTHCARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

First Alba Healthcare Limited is a private company, limited by shares, incorporated in Scotland with regsitration number SC657247. The registered office is 3 Dudhope Terrace, Dundee, DD3 6HG.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover 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. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which 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 the contract can be measured reliably.

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
FIRST ALBA HEALTHCARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
FIRST ALBA HEALTHCARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).






Page 6

 
FIRST ALBA HEALTHCARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


At 1 April 2023
234,205


Additions
7,303



At 31 March 2024

241,508



DEPRECIATION


At 1 April 2023
29,276


Charge for the year on owned assets
26,531



At 31 March 2024

55,807



NET BOOK VALUE



At 31 March 2024
185,701



At 31 March 2023
204,929


5.


DEBTORS

2024
2023
£
£


Other debtors
122,558
96,696

Prepayments and accrued income
25,162
-

Deferred taxation
-
12,347

147,720
109,043



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
103,623
-

Obligations under finance lease and hire purchase contracts
22,578
20,408

Other creditors
-
200

Accruals and deferred income
22,800
-

149,001
20,608


Hire purchase liabilities are secured over the assets to which they relate.

Page 7

 
FIRST ALBA HEALTHCARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
84,521
105,308

84,521
105,308


Hire purchase liabilities are secured over the assets to which they relate.


8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



Page 8