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Registered number: SC478118
Invercare Services Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
The Hansen Company
The Old Forge
28 Field Road
Busby
Glasgow
G76 8SE
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Invercare Services Ltd For The Year Ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Invercare Services Ltd For The Year Ended 31 May 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.org.uk/accountspreparationguidance.
This report is made solely to the directors of Invercare Services Ltd , as a body, in accordance with the terms of our latest engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Invercare Services Ltd and state those matters that we have agreed to state to the directors of Invercare Services Ltd , as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland 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 Invercare Services Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Invercare Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Invercare Services Ltd . You consider that Invercare Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Invercare Services Ltd . 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 financial statements.
Signed
27/02/2025
The Hansen Company
The Old Forge
28 Field Road
Busby
Glasgow
G76 8SE
Page 1
Page 2
Abridged Balance Sheet
Registered number: SC478118
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 85,839 80,627
Investments 5 2,000 2,000
87,839 82,627
CURRENT ASSETS
Debtors 139,101 367,632
Cash at bank and in hand 201,679 51,081
340,780 418,713
Creditors: Amounts Falling Due Within One Year (153,596 ) (119,525 )
NET CURRENT ASSETS (LIABILITIES) 187,184 299,188
TOTAL ASSETS LESS CURRENT LIABILITIES 275,023 381,815
Creditors: Amounts Falling Due After More Than One Year (45,406 ) (53,975 )
NET ASSETS 229,617 327,840
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 229,615 327,838
SHAREHOLDERS' FUNDS 229,617 327,840
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Page 3
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Yvonne Watt
Director
27/02/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Invercare Services Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC478118 . The registered office is The Old Forge, 28 Field Road, Busby, Glasgow, G76 8SE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not provided
Plant & Machinery 25% on reducing balance method
Motor Vehicles 25% on reducing balance method
Fixtures & Fittings 15% on reducing balance method
Computer Equipment 25% on reducing balance method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 34 167
Care assistants 136 -
170 167
4. Tangible Assets
Total
£
Cost
As at 1 June 2023 147,732
Additions 31,005
As at 31 May 2024 178,737
Depreciation
As at 1 June 2023 67,105
Provided during the period 25,793
As at 31 May 2024 92,898
Net Book Value
As at 31 May 2024 85,839
As at 1 June 2023 80,627
5. Investments
Total
£
Cost
As at 1 June 2023 2,000
As at 31 May 2024 2,000
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 2,000
As at 1 June 2023 2,000
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6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,258 7,258
Later than one year and not later than five years 15,721 22,979
22,979 30,237
22,979 30,237
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mrs Yvonne Watt 994 108,807 12,428 - 97,372
Mrs Marina Sadaoui 994 108,807 12,428 - 97,372
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