Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-3134No description of principal activity2024-01-01false34falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC376577 2024-01-01 2024-12-31 SC376577 2023-01-01 2023-12-31 SC376577 2024-12-31 SC376577 2023-12-31 SC376577 c:Director1 2024-01-01 2024-12-31 SC376577 c:Director2 2024-01-01 2024-12-31 SC376577 c:Director3 2024-01-01 2024-12-31 SC376577 c:Director4 2024-01-01 2024-12-31 SC376577 c:Director5 2024-01-01 2024-12-31 SC376577 c:Director6 2024-01-01 2024-12-31 SC376577 c:Director7 2024-01-01 2024-12-31 SC376577 c:Director8 2024-01-01 2024-12-31 SC376577 c:Director9 2024-01-01 2024-12-31 SC376577 c:Director10 2024-01-01 2024-12-31 SC376577 c:Director11 2024-01-01 2024-12-31 SC376577 c:Director12 2024-01-01 2024-12-31 SC376577 c:Director13 2024-01-01 2024-12-31 SC376577 c:Director14 2024-01-01 2024-12-31 SC376577 c:Director15 2024-01-01 2024-12-31 SC376577 c:Director16 2024-01-01 2024-12-31 SC376577 c:Director17 2024-01-01 2024-12-31 SC376577 c:Director18 2024-01-01 2024-12-31 SC376577 c:Director19 2024-01-01 2024-12-31 SC376577 c:Director20 2024-01-01 2024-12-31 SC376577 c:RegisteredOffice 2024-01-01 2024-12-31 SC376577 d:OfficeEquipment 2024-01-01 2024-12-31 SC376577 d:OfficeEquipment 2024-12-31 SC376577 d:OfficeEquipment 2023-12-31 SC376577 d:CurrentFinancialInstruments 2024-12-31 SC376577 d:CurrentFinancialInstruments 2023-12-31 SC376577 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC376577 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC376577 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC376577 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC376577 c:FRS102 2024-01-01 2024-12-31 SC376577 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC376577 c:FullAccounts 2024-01-01 2024-12-31 SC376577 c:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 SC376577 d:WithinOneYear 2024-12-31 SC376577 d:WithinOneYear 2023-12-31 SC376577 d:BetweenOneFiveYears 2024-12-31 SC376577 d:BetweenOneFiveYears 2023-12-31 SC376577 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: SC376577










FIFE LOCAL MEDICAL COMMITTEE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
FIFE LOCAL MEDICAL COMMITTEE LIMITED
 
(A COMPANY LIMITED BY GUARANTEE)
 

COMPANY INFORMATION


Directors
Dr A E Austin 
Dr M Gordon 
Dr D R Brown 
Dr A Caldicott 
Dr J A Collinson 
Dr R A Cook 
Dr H Dakin 
Dr J Christie 
Dr L Donaldson 
Dr L Dow 
Dr J Egerton 
Dr E Head 
Dr F Henderson 
Dr O J Kwanashie 
Dr S Lim 
Dr D S Lindsay 
Dr G D McCrickard 
Dr K McQuitty 
Dr S Mitchell 
Dr S Mills 
Dr S E Mullan (resigned 30 September 2024)

Dr L Hughes (resigned 19 November 2024)

Dr S Lynch (appointed 20 February 2024)
Dr M Ali (appointed 20 August 2024)
Dr J Peebles (appointed 15 October 2024)
 
Registered number
SC376577



Registered office
Suite 8, 3rd Floor, Buko Tower
Dalton Road

Glenrothes

Fife

KY6 2SS




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
FIFE LOCAL MEDICAL COMMITTEE LIMITED
 
(A COMPANY LIMITED BY GUARANTEE)
REGISTERED NUMBER: SC376577

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

  

Tangible fixed assets
  
-
-

  
-
-

Current assets
  

Debtors: amounts falling due within one year
 5 
1,699
1,785

Bank and cash balances
  
296,216
301,405

  
297,915
303,190

Creditors: amounts falling due within one year
 6 
(37,206)
(34,990)

Net current assets
  
 
 
260,709
 
 
268,200

Total assets less current liabilities
  
260,709
268,200

  

Net assets
  
260,709
268,200


Capital and reserves
  

Profit and loss account
  
260,709
268,200


Page 1

 
FIFE LOCAL MEDICAL COMMITTEE LIMITED
 
(A COMPANY LIMITED BY GUARANTEE)
REGISTERED NUMBER: SC376577

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dr S Lim
Director

Date: 19 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FIFE LOCAL MEDICAL COMMITTEE LIMITED

(A COMPANY LIMITED BY GUARANTEE)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Company is limited by guarantee and incorporated in Scotland, Registration Number SC376577. The registered office address is Suite 8, 3rd Floor, Buko Tower, Dalton Road, Glenrothes, KY6 2SS.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standards applicable in the UK and the Republic of Ireland and the Companies Act 2006. 
The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
FIFE LOCAL MEDICAL COMMITTEE LIMITED

(A COMPANY LIMITED BY GUARANTEE)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Equipment
-
33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 34 (2022 - 31).

Page 4

 
FIFE LOCAL MEDICAL COMMITTEE LIMITED

(A COMPANY LIMITED BY GUARANTEE)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Equipment

£



Cost or valuation


At 1 January 2024
8,750



At 31 December 2024

8,750



Depreciation


At 1 January 2024
8,750



At 31 December 2024

8,750



Net book value



At 31 December 2024
-



At 31 December 2023
-


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
1,699
1,785

1,699
1,785



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
341
367

Accruals and deferred income
36,865
34,623

37,206
34,990


Page 5

 
FIFE LOCAL MEDICAL COMMITTEE LIMITED

(A COMPANY LIMITED BY GUARANTEE)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

Page 6

 
FIFE LOCAL MEDICAL COMMITTEE LIMITED

(A COMPANY LIMITED BY GUARANTEE)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. In the event of the company winding up any surplus funds would be given to the local medical committee or if this is not possible, given to some public object or objects, charitable or otherwise for the benefit of represented members.


8.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
1,154
4,432

Later than 1 year and not later than 5 years
1,731
3,750

2,885
8,182


Page 7