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
Margarot Forrest Care Management Ltd.
Company Information
for the year ended 30 June 2024
Directors
Margarot Forrest
Simon Lindsay 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
Margarot Forrest Care Management Ltd.
Statement of financial position
as at 30 June 2024
Tangible assets
3,784
8,606
Cash at bank and in hand
40,243
63,564
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
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
Margarot Forrest Care Management Ltd.
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (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 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.
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 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.
Margarot Forrest Care Management Ltd.
Notes to the Accounts
for the year ended 30 June 2024
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.
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
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
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
At 30 June 2024
461
2,380
943
3,784
At 30 June 2023
896
4,940
2,770
8,606
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
2,380
4,940
Margarot Forrest Care Management Ltd.
Notes to the Accounts
for the year ended 30 June 2024
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
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
1,402
2,940
Taxes and social security
28,582
55,706
Other creditors
8,821
17,420
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
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
32,358
53,686
63,000
23,044
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).