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REGISTERED NUMBER: SC167762 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Able Care Limited

Able Care Limited (Registered number: SC167762)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Able Care Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr S Elliot
Mrs C A Morrison





SECRETARY: Mrs C A Morrison





REGISTERED OFFICE: 60 Seafield Road
Inverness
Inverness-shire
IV1 1SG





REGISTERED NUMBER: SC167762 (Scotland)





ACCOUNTANTS: Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN

Able Care Limited (Registered number: SC167762)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,445 158,485
Investments 5 98,443 98,443
313,888 256,928

CURRENT ASSETS
Stocks 142,611 146,056
Debtors 6 225,682 369,634
Cash at bank and in hand 359,575 232,248
727,868 747,938
CREDITORS
Amounts falling due within one year 7 381,650 406,397
NET CURRENT ASSETS 346,218 341,541
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,106

598,469

CREDITORS
Amounts falling due after more than one
year

8

(37,609

)

(27,345

)

PROVISIONS FOR LIABILITIES (41,917 ) (27,987 )
NET ASSETS 580,580 543,137

CAPITAL AND RESERVES
Called up share capital 7,500 7,500
Capital redemption reserve 2,500 2,500
Retained earnings 570,580 533,137
SHAREHOLDERS' FUNDS 580,580 543,137

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

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

Able Care Limited (Registered number: SC167762)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





Mr S Elliot - Director


Able Care Limited (Registered number: SC167762)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Able Care 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Able Care Limited (Registered number: SC167762)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 53,188 35,038 285,295 2,414 375,935
Additions 3,500 - 105,857 1,600 110,957
Disposals - - (20,138 ) - (20,138 )
At 31 August 2024 56,688 35,038 371,014 4,014 466,754
DEPRECIATION
At 1 September 2023 28,462 35,038 153,900 50 217,450
Charge for year 2,467 - 47,214 691 50,372
Eliminated on disposal - - (16,513 ) - (16,513 )
At 31 August 2024 30,929 35,038 184,601 741 251,309
NET BOOK VALUE
At 31 August 2024 25,759 - 186,413 3,273 215,445
At 31 August 2023 24,726 - 131,395 2,364 158,485

The net book value of tangible fixed assets includes £ 114,455 (2023 - £ 61,028 ) in respect of assets held under hire purchase contracts.

Able Care Limited (Registered number: SC167762)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 98,443
NET BOOK VALUE
At 31 August 2024 98,443
At 31 August 2023 98,443

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 173,494 193,323
Amounts owed by group undertakings 600 432
Other debtors 51,588 175,879
225,682 369,634

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 33,327 18,226
Trade creditors 224,375 241,562
Taxation and social security 31,499 52,585
Other creditors 92,449 94,024
381,650 406,397

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 37,609 27,345

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 33,327 18,226
Between one and five years 37,609 27,345
70,936 45,571

Able Care Limited (Registered number: SC167762)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 33,560 35,120
Between one and five years 98,800 107,640
In more than five years - 34,000
132,360 176,760

10. RELATED PARTY DISCLOSURES

The company entered into a new 10 year lease of office premises at 60 Seafield Road, Inverness, on 23 January 2020, at a rental of £24,000 per annum. This property is owned by the Morrison Group SIPP.

During the year ended 31 August 2022, Able Care Limited entered into a further 3 year lease for yard space at 60 Seafield Road, Inverness, at a rental of £8,000 per annum.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Elliot.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Able Care Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Able Care Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Able Care Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Able Care Limited and state those matters that we have agreed to state to the Board of Directors of Able Care Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Able Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Able Care Limited. You consider that Able Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Able Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN


4 April 2025