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REGISTERED NUMBER: SC159042 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

CARERS LIMITED

CARERS LIMITED (REGISTERED NUMBER: SC159042)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CARERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: R Allan
Mrs F Allan
C Allan





REGISTERED OFFICE: Allandale House
9-11 Balmoor Terrace
Peterhead
Aberdeenshire
AB42 1EQ





REGISTERED NUMBER: SC159042 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

CARERS LIMITED (REGISTERED NUMBER: SC159042)

STATEMENT OF FINANCIAL POSITION
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,455,490 1,409,415

CURRENT ASSETS
Debtors: amounts falling due within one year 5 251,157 260,249
Debtors: amounts falling due after more than
one year

5

1,963,678

1,653,678
Cash at bank 573,881 775,224
2,788,716 2,689,151
CREDITORS
Amounts falling due within one year 6 163,291 174,292
NET CURRENT ASSETS 2,625,425 2,514,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,080,915

3,924,274

CREDITORS
Amounts falling due after more than one
year

7

158,212

140,143
NET ASSETS 3,922,703 3,784,131

CAPITAL AND RESERVES
Called up share capital 7,000 7,000
Other reserves 133,755 133,755
Retained earnings 3,781,948 3,643,376
SHAREHOLDERS' FUNDS 3,922,703 3,784,131

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

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

CARERS LIMITED (REGISTERED NUMBER: SC159042)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 9th June 2025 and were signed on its behalf by:





R Allan - Director


CARERS LIMITED (REGISTERED NUMBER: SC159042)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Carers 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.

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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Freehold property
No depreciation policy is operated in respect of Freehold Property.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 34 ) .

CARERS LIMITED (REGISTERED NUMBER: SC159042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st September 2023 1,373,691 310,057 1,683,748
Additions - 73,358 73,358
At 31st August 2024 1,373,691 383,415 1,757,106
DEPRECIATION
At 1st September 2023 - 274,333 274,333
Charge for year - 27,283 27,283
At 31st August 2024 - 301,616 301,616
NET BOOK VALUE
At 31st August 2024 1,373,691 81,799 1,455,490
At 31st August 2023 1,373,691 35,724 1,409,415

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 186,062 195,154
Inter company Fodderty 10,354 10,354
Inter comp Carers (Scot) Ltd 4,741 4,741
Inter Company Southside 50,000 50,000
251,157 260,249

Amounts falling due after more than one year:
Inter Co - Home Care Scot Hold 275,000 -
Inter company Brunstane 1,628,678 1,593,678
Inter Co - Goldwells 50,000 50,000
Inter Co - Mistral Inv 10,000 10,000
1,963,678 1,653,678

Aggregate amounts 2,214,835 1,913,927

CARERS LIMITED (REGISTERED NUMBER: SC159042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,456 -
Trade creditors 47,254 41,394
Tax 43,836 73,786
Social security and other taxes 15,125 11,846
Other creditors 16,519 16,265
Inter company Mistral 27,720 27,720
Directors' current accounts 486 486
Accrued expenses 2,895 2,795
163,291 174,292

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan - 3,052
Bank loan 129,056 137,091
Hire purchase contracts 29,156 -
158,212 140,143