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REGISTERED NUMBER: SC170648 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Keltic Care Limited

Keltic Care Limited (Registered number: SC170648)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Keltic Care Limited

Company Information
for the year ended 31st March 2024







Directors: J E McMillan
M Reynolds





Secretary: M Reynolds





Registered office: 10 View Place
Inverness
IV2 4SA





Registered number: SC170648 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Keltic Care Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Keltic Care Limited for the year ended 31st March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Keltic Care Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Keltic Care Limited and state those matters that we have agreed to state to the Board of Directors of Keltic Care Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Keltic Care 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 profit of Keltic Care Limited. You consider that Keltic Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Keltic Care 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.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


14th February 2025

Keltic Care Limited (Registered number: SC170648)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 131,132 174,388
131,132 174,388

Current assets
Debtors 6 856,246 777,321
Cash at bank and in hand 393,682 329,559
1,249,928 1,106,880
Creditors
Amounts falling due within one year 7 574,971 392,739
Net current assets 674,957 714,141
Total assets less current liabilities 806,089 888,529

Provisions for liabilities 962 11,330
Net assets 805,127 877,199

Capital and reserves
Called up share capital 19,500 19,500
Retained earnings 785,627 857,699
805,127 877,199

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

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

The directors acknowledge their 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.

Keltic Care Limited (Registered number: SC170648)

Balance Sheet - continued
31st March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th February 2025 and were signed on its behalf by:





J E McMillan - Director


Keltic Care Limited (Registered number: SC170648)

Notes to the Financial Statements
for the year ended 31st March 2024


1. Statutory information

Keltic Care Limited is a private company, limited by shares , 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 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 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 2% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Keltic Care Limited (Registered number: SC170648)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 72 (2023 - 72 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st April 2023
and 31st March 2024 132,043
Amortisation
At 1st April 2023
and 31st March 2024 132,043
Net book value
At 31st March 2024 -
At 31st March 2023 -

Keltic Care Limited (Registered number: SC170648)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


5. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1st April 2023 150,080 40,415 22,921 70,354 283,770
Additions - 545 - - 545
Disposals - - - (70,354 ) (70,354 )
At 31st March 2024 150,080 40,960 22,921 - 213,961
Depreciation
At 1st April 2023 21,014 35,334 22,254 30,780 109,382
Charge for year 3,002 1,125 100 - 4,227
Eliminated on disposal - - - (30,780 ) (30,780 )
At 31st March 2024 24,016 36,459 22,354 - 82,829
Net book value
At 31st March 2024 126,064 4,501 567 - 131,132
At 31st March 2023 129,066 5,081 667 39,574 174,388

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 147,390 144,125
Other debtors 708,856 633,196
856,246 777,321

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors - 7,360
Taxation and social security 278,416 155,756
Other creditors 296,555 229,623
574,971 392,739

Keltic Care Limited (Registered number: SC170648)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
J E McMillan
Balance outstanding at start of year 160,239 77,891
Amounts advanced 197,796 169,086
Amounts repaid (174,447 ) (86,738 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 183,588 160,239

M Reynolds
Balance outstanding at start of year 154,001 77,891
Amounts advanced 197,797 162,848
Amounts repaid (174,447 ) (86,738 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 177,351 154,001

Interest on the directors loan balance was charged at 3% per annum.