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REGISTERED NUMBER: SC115892 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

A.C. Still Limited

A.C. Still Limited (Registered number: SC115892)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.C. Still Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Christian Barry
J S Rabin





REGISTERED OFFICE: 1 Burns Square
Greenock
PA16 0NT





REGISTERED NUMBER: SC115892 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

A.C. Still Limited (Registered number: SC115892)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,931,908 -
Tangible assets 5 101,623 10,706
Investments 6 368,195 150,000
2,401,726 160,706

CURRENT ASSETS
Stock 211,580 49,067
Debtors 7 898,064 787,581
Cash at bank and in hand 265,864 158,124
1,375,508 994,772
CREDITORS
Amounts falling due within one year 8 2,739,129 351,186
NET CURRENT (LIABILITIES)/ASSETS (1,363,621 ) 643,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,038,105

804,292

PROVISIONS FOR LIABILITIES 9 25,406 2,676
NET ASSETS 1,012,699 801,616

CAPITAL AND RESERVES
Called up share capital 10 3,500 3,500
Retained earnings 11 1,009,199 798,116
SHAREHOLDERS' FUNDS 1,012,699 801,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

A.C. Still Limited (Registered number: SC115892)

Balance Sheet - continued
30 June 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 26 March 2025 and were signed on its behalf by:





Christian Barry - Director


A.C. Still Limited (Registered number: SC115892)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

A.C. Still 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 each asset over its estimated useful life.
Fittings and equipment - 25% on cost and 10% on cost
Motor vehicles - 25% on cost

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

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

A.C. Still Limited (Registered number: SC115892)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 25 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 2,008,769
At 30 June 2024 2,008,769
AMORTISATION
Amortisation for year 76,861
At 30 June 2024 76,861
NET BOOK VALUE
At 30 June 2024 1,931,908

A.C. Still Limited (Registered number: SC115892)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 109,409 15,953 - 125,362
Additions 100,779 - 22,555 123,334
At 30 June 2024 210,188 15,953 22,555 248,696
DEPRECIATION
At 1 July 2023 98,704 15,952 - 114,656
Charge for year 27,224 1 5,192 32,417
At 30 June 2024 125,928 15,953 5,192 147,073
NET BOOK VALUE
At 30 June 2024 84,260 - 17,363 101,623
At 30 June 2023 10,705 1 - 10,706

6. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 July 2023 150,000
Additions 218,195
At 30 June 2024 368,195
NET BOOK VALUE
At 30 June 2024 368,195
At 30 June 2023 150,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 749,639 124,574
Amounts owed by group undertakings 90,931 650,319
Other debtors 57,494 12,688
898,064 787,581

A.C. Still Limited (Registered number: SC115892)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 699,438 256,682
Amounts owed to group undertakings 1,817,179 -
Taxation and social security 71,677 42,406
Other creditors 150,835 52,098
2,739,129 351,186

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,406 2,676

Deferred
tax
£   
Balance at 1 July 2023 2,676
Provided during year 22,730
Balance at 30 June 2024 25,406

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,500 Ordinary £1 3,500 3,500

11. RESERVES
Retained
earnings
£   

At 1 July 2023 798,116
Profit for the year 211,083
At 30 June 2024 1,009,199

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings in the parent company, Teleta Healthcare Limited.