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Registered Number: SC368324
Scotland

 

 

 

CRANNOCH RESIDENTIAL CHILD CARE RESOURCE LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
Directors Mrs M Durning
Mr M Durning
Registered Number SC368324
Registered Office 8 Tapitlaw Grove
Comrie
Fife
KY12 9XE
Accountants M & S Accountancy & Taxation Limited
Unit 26, Dunfermline Business Centre
Izatt Avenue
Fife
Dunfermline
KY11 3BZ
Secretary Mrs M Durning
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 196,416    198,656 
196,416    198,656 
Current assets      
Stocks 4 550    450 
Debtors 5 27,665    30,320 
Cash at bank and in hand 509,133    445,367 
537,348    476,137 
Creditors: amount falling due within one year 6 (69,966)   (86,630)
Net current assets 467,382    389,507 
 
Total assets less current liabilities 663,798    588,163 
Provisions for liabilities 7   4,596 
Net assets 663,798    592,759 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 663,698    592,659 
Shareholders' funds 663,798    592,759 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 03 June 2025 and were signed on its behalf by:


-------------------------------
Mrs M Durning
Director
2
General Information
Crannoch Residential Child Care Resource Ltd is a private company, limited by shares, registered in Scotland, registration number SC368324, registration address 8 Tapitlaw Grove, Comrie, Fife, KY12 9XE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts. Turnover is recognised on the accruals basis.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The companys liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 2% - 10% Straight Line
Motor Vehicles 33% Straight Line
Fixtures and Fittings 20% Straight Line
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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.
2.

Average number of employees

Average number of employees during the year was 23 (2023 : 25).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 December 2023 229,826    33,595    19,161    2,223    284,805 
Additions   20,474        20,474 
Disposals   (19,497)       (19,497)
At 30 November 2024 229,826    34,572    19,161    2,223    285,782 
Depreciation
At 01 December 2023 43,586    28,046    12,294    2,223    86,149 
Charge for year 9,193    11,408    2,113      22,714 
On disposals   (19,497)       (19,497)
At 30 November 2024 52,779    19,957    14,407    2,223    89,366 
Net book values
Closing balance as at 30 November 2024 177,047    14,615    4,754      196,416 
Opening balance as at 01 December 2023 186,240    5,549    6,867      198,656 


4.

Stocks

2024
£
  2023
£
Stocks 550    450 
550    450 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 20,350    20,500 
Prepayments & Accrued Income 7,315    6,887 
Other Debtors   2,933 
27,665    30,320 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 353    334 
Corporation Tax 50,121    43,807 
Accrued Expenses 4,841    8,930 
Other Creditors 14,651    33,559 
69,966    86,630 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax   (4,596)
  (4,596)

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
80 Ordinary shares of £1.00 each 80    80 
10 Class A shares of £1.00 each 10    10 
5 Class B shares of £1.00 each  
5 Class C shares of £1.00 each  
100    100 

9.

Director’s loan

Director   Opening Balance
£
  Amounts advanced
£
  Amounts repaid
£
  Closing balance
£
Mr M Durning 2,934  27,864  (40,000) (9,202)
2,934  27,864  (40,000) (9,202)

The loan is unsecure and repayable on demand. Interest has been charged on balances exceeding £10,000 at HMRC's official rate of interest.
3