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REGISTERED NUMBER: SC779502 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

18 AUGUST 2023 TO 31 DECEMBER 2024

FOR

THE NATIONAL FAMILY CENTRE (TRADING)
LIMITED

THE NATIONAL FAMILY CENTRE (TRADING)
LIMITED (REGISTERED NUMBER: SC779502)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 18 August 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE NATIONAL FAMILY CENTRE (TRADING)
LIMITED

COMPANY INFORMATION
for the period 18 August 2023 to 31 December 2024







DIRECTORS: R M Garmory
A M A Hoogenboom
C A Nolan





SECRETARY: Thorntons Law Llp





REGISTERED OFFICE: Citypoint 3rd Floor
65 Haymarket Terrace
Edinburgh
EH12 5HD





REGISTERED NUMBER: SC779502 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

THE NATIONAL FAMILY CENTRE (TRADING)
LIMITED (REGISTERED NUMBER: SC779502)

BALANCE SHEET
31 December 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 -
Tangible assets 5 2,723
2,723

CURRENT ASSETS
Stocks 6 100,634
Debtors 7 25,766
Cash and cash equivalents 188,910
315,310
CREDITORS
Amounts falling due within one year 8 316,910
NET CURRENT LIABILITIES (1,600 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,123

PROVISIONS FOR LIABILITIES 9 681
NET ASSETS 442

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 441
442

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

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

THE NATIONAL FAMILY CENTRE (TRADING)
LIMITED (REGISTERED NUMBER: SC779502)

BALANCE SHEET - continued
31 December 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 16 May 2025 and were signed on its behalf by:





R M Garmory - Director


THE NATIONAL FAMILY CENTRE (TRADING)
LIMITED (REGISTERED NUMBER: SC779502)

NOTES TO THE FINANCIAL STATEMENTS
for the period 18 August 2023 to 31 December 2024

1. STATUTORY INFORMATION

The National Family Centre (Trading) 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
The company benefits from the donation of goods from various parties. Where it is practicable to do so and a reliable estimate of the value of the goods is available, the donated goods are measured at the fair value of the goods donated and recognised as income with a corresponding expense. During the period to 31 December 2024, donated goods with a value of £518,490 were recognised in this way.

Turnover also includes income received from the sale of donated goods at fair value, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% per annum reducing balance
Computer equipment - 33% per annum reducing balance

IMPAIRMENT OF ASSETS
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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

THE NATIONAL FAMILY CENTRE (TRADING)
LIMITED (REGISTERED NUMBER: SC779502)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 18 August 2023 to 31 December 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the period 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.

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 period end and that are expected to apply to the reversal of the timing difference.

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.

CHANGE IN REPORTING PERIOD
The financial period end of the company was changed from 31 August 2024 to 31 December 2024 so as to align with the parent company. Accordingly, the current financial statements are prepared for the period 18 August 2023 to 31 December 2024.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

THE NATIONAL FAMILY CENTRE (TRADING)
LIMITED (REGISTERED NUMBER: SC779502)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 18 August 2023 to 31 December 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
Additions 270
Disposals (270 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 3,444 442 3,886
At 31 December 2024 3,444 442 3,886
DEPRECIATION
Charge for period 997 166 1,163
At 31 December 2024 997 166 1,163
NET BOOK VALUE
At 31 December 2024 2,447 276 2,723

6. STOCKS
£   
Stocks 100,634

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,893
Other debtors 22,873
25,766

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 25,402
Amounts owed to group undertakings 40,000
Other creditors 251,508
316,910

THE NATIONAL FAMILY CENTRE (TRADING)
LIMITED (REGISTERED NUMBER: SC779502)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 18 August 2023 to 31 December 2024

9. PROVISIONS FOR LIABILITIES
£   
Deferred tax 681

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during period 681
Balance at 31 December 2024 681

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is The National Family Centre Limited, whose registered office is at City Point 3rd Floor, 65 Haymarket Terrace, Edinburgh, Scotland, EH12 5HD.