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Company Registration No. SC338106 (Scotland)
Margarot Forrest Care Management Ltd. Unaudited accounts for the year ended 30 June 2024
Margarot Forrest Care Management Ltd. Unaudited accounts Contents
Page
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Margarot Forrest Care Management Ltd. Company Information for the year ended 30 June 2024
Directors
Margarot Forrest Simon Lindsay Forrest
Secretary
James Forrest
Company Number
SC338106 (Scotland)
Registered Office
Federation House 222 Queensferry Road Edinburgh EH4 2BN Scotland
Accountants
Allsquare (Edinburgh) Ltd Federation House 222-224 Queensferry Road Edinburgh EH4 2BN
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Margarot Forrest Care Management Ltd. Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,784 
8,606 
Current assets
Debtors
202,637 
159,150 
Cash at bank and in hand
40,243 
63,564 
242,880 
222,714 
Creditors: amounts falling due within one year
(45,401)
(77,111)
Net current assets
197,479 
145,603 
Total assets less current liabilities
201,263 
154,209 
Creditors: amounts falling due after more than one year
(25,770)
(11,216)
Net assets
175,493 
142,993 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
175,393 
142,893 
Shareholders' funds
175,493 
142,993 
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
Simon Lindsay Forrest Director Company Registration No. SC338106
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Margarot Forrest Care Management Ltd. Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Margarot Forrest Care Management Ltd. is a private company, limited by shares, registered in Scotland, registration number SC338106. The registered office is Federation House, 222 Queensferry Road, Edinburgh, EH4 2BN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Computer equipment
25% straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Margarot Forrest Care Management Ltd. Notes to the Accounts for the year ended 30 June 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
195,000 
At 30 June 2024
195,000 
Amortisation
At 1 July 2023
195,000 
At 30 June 2024
195,000 
Net book value
At 30 June 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
12,479 
69,949 
21,513 
103,941 
At 30 June 2024
12,479 
69,949 
21,513 
103,941 
Depreciation
At 1 July 2023
11,583 
65,009 
18,743 
95,335 
Charge for the year
435 
2,560 
1,827 
4,822 
At 30 June 2024
12,018 
67,569 
20,570 
100,157 
Net book value
At 30 June 2024
461 
2,380 
943 
3,784 
At 30 June 2023
896 
4,940 
2,770 
8,606 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
2,380 
4,940 
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Margarot Forrest Care Management Ltd. Notes to the Accounts for the year ended 30 June 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
60,909 
62,342 
Accrued income and prepayments
46,905 
6,933 
Other debtors
94,823 
89,875 
202,637 
159,150 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,402 
2,940 
Trade creditors
542 
1,045 
Taxes and social security
28,582 
55,706 
Other creditors
8,821 
17,420 
Accruals
6,054 
- 
45,401 
77,111 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
4,067 
11,216 
Taxes and social security
21,703 
- 
25,770 
11,216 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Margarot Forrest
32,358 
53,686 
63,000 
23,044 
Simon Lindsay Forrest
41,749 
9,878 
- 
51,627 
74,107 
63,564 
63,000 
74,671 
11
Average number of employees
During the year the average number of employees was 38 (2023: 49).
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