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REGISTERED NUMBER: SC490520 (Scotland)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

LAUREM CARE GROUP LIMITED

LAUREM CARE GROUP LIMITED (Registered number: SC490520)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAUREM CARE GROUP LIMITED

Company Information
For The Year Ended 31 March 2024







DIRECTOR: M Latif





REGISTERED OFFICE: 557 Parkhouse Road, Barrhead
Glasgow
G78 1TE





REGISTERED NUMBER: SC490520 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

LAUREM CARE GROUP LIMITED (Registered number: SC490520)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,134 52,734
Tangible assets 5 234,232 274,676
264,366 327,410

CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 169,317 584,193
Cash at bank and in hand 10,001 2,534
180,318 587,727
CREDITORS
Amounts falling due within one year 8 238,969 502,390
NET CURRENT (LIABILITIES)/ASSETS (58,651 ) 85,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,715

412,747

CREDITORS
Amounts falling due after more than one year 9 - (126,047 )

PROVISIONS FOR LIABILITIES - (64,778 )
NET ASSETS 205,715 221,922

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Retained earnings 11 105,715 121,922
SHAREHOLDERS' FUNDS 205,715 221,922

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

LAUREM CARE GROUP LIMITED (Registered number: SC490520)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 February 2025 and were signed by:





M R Latif - Director


LAUREM CARE GROUP LIMITED (Registered number: SC490520)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

LAUREM CARE GROUP 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 0, is being amortised evenly over its estimated useful life of nil 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 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 Income Statement, 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.


LAUREM CARE GROUP LIMITED (Registered number: SC490520)

Notes to the Financial Statements - continued
For The Year Ended 31 March 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 226,000
AMORTISATION
At 1 April 2023 173,266
Amortisation for year 22,600
At 31 March 2024 195,866
NET BOOK VALUE
At 31 March 2024 30,134
At 31 March 2023 52,734

LAUREM CARE GROUP LIMITED (Registered number: SC490520)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 15,805 505,765 2,703 524,273
Additions 2,688 9,368 1,258 13,314
At 31 March 2024 18,493 515,133 3,961 537,587
DEPRECIATION
At 1 April 2023 3,901 244,461 1,235 249,597
Charge for year 1,849 51,513 396 53,758
At 31 March 2024 5,750 295,974 1,631 303,355
NET BOOK VALUE
At 31 March 2024 12,743 219,159 2,330 234,232
At 31 March 2023 11,904 261,304 1,468 274,676

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 1,000 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 108,933 67,249
Amounts owed by group undertak ings - 468,424
Carrick Care Ltd 56,865 -
Prepayments 3,519 48,520
169,317 584,193

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,762 385,204
Trade creditors 58,257 86,105
Tax 5,028 (5,915 )
Social security and other taxes 26,949 27,777
Other creditors - 500
Directors' current accounts 141,073 900
Accruals and deferred income 3,900 7,819
238,969 502,390

LAUREM CARE GROUP LIMITED (Registered number: SC490520)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years - 112,714
Bank loans - 2-5 years - 13,333
- 126,047

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100,000 Ordinary 1 100,000 100,000

11. RESERVES
Retained
earnings
£   

At 1 April 2023 121,922
Deficit for the year (16,207 )
At 31 March 2024 105,715