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REGISTERED NUMBER: SC331752 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

NEW CASTLE HEALTH CARE LIMITED

NEW CASTLE HEALTH CARE LIMITED (REGISTERED NUMBER: SC331752)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEW CASTLE HEALTH CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: E Brown
Mrs P Brown





SECRETARY: Mrs P Brown





REGISTERED OFFICE: 14 Lynton Avenue
Whitecraigs
Glasgow
G46 7JP





REGISTERED NUMBER: SC331752 (Scotland)





ACCOUNTANTS: Bannerman Johnstone Maclay
213 St Vincent Street
Glasgow
G2 5QY

NEW CASTLE HEALTH CARE LIMITED (REGISTERED NUMBER: SC331752)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 41,712
Tangible assets 5 243,086 298,293
243,086 340,005

CURRENT ASSETS
Stocks 61,830 90,939
Debtors 6 194,222 192,029
Cash at bank and in hand 224,214 210,533
480,266 493,501
CREDITORS
Amounts falling due within one year 7 348,153 326,554
NET CURRENT ASSETS 132,113 166,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,199

506,952

CREDITORS
Amounts falling due after more than one
year

8

290,939

465,007
NET ASSETS 84,260 41,945

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 84,160 41,845
SHAREHOLDERS' FUNDS 84,260 41,945

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

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

NEW CASTLE HEALTH CARE LIMITED (REGISTERED NUMBER: SC331752)

BALANCE SHEET - continued
31 OCTOBER 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 15 July 2025 and were signed on its behalf by:





E Brown - Director


NEW CASTLE HEALTH CARE LIMITED (REGISTERED NUMBER: SC331752)

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


1. STATUTORY INFORMATION

New Castle Health 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.

Goodwill
Goodwill, representing the excess of the cost of the acquisition over the fair value of the assets acquired in the year of acquisition, is amortised through the profit and loss account over the directors' estimate of its useful economic life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on cost and at varying rates on cost

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

NEW CASTLE HEALTH CARE LIMITED (REGISTERED NUMBER: SC331752)

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


2. ACCOUNTING POLICIES - continued

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.

Basic financial assets
Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including certain creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 14 (2023 - 13 ) .

NEW CASTLE HEALTH CARE LIMITED (REGISTERED NUMBER: SC331752)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 2,853,833
AMORTISATION
At 1 November 2023 2,812,121
Charge for year 41,712
At 31 October 2024 2,853,833
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 41,712

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 428,852
DEPRECIATION
At 1 November 2023 130,559
Charge for year 55,207
At 31 October 2024 185,766
NET BOOK VALUE
At 31 October 2024 243,086
At 31 October 2023 298,293

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 129,260 141,258
Amounts owed by group undertakings 825 825
Amounts owed by related undertakings 402 402
Other debtors 63,735 49,544
194,222 192,029

NEW CASTLE HEALTH CARE LIMITED (REGISTERED NUMBER: SC331752)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 42,388 42,388
Hire purchase contracts 10,122 9,456
Trade creditors 228,757 192,251
Amounts owed to related undertakings - 348
Taxation and social security 29,420 11,128
Other creditors 37,466 70,983
348,153 326,554

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 49,039 91,428
Hire purchase contracts 9,076 18,568
Amounts owed to group undertakings 232,824 355,011
290,939 465,007

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 91,427 133,816

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Speckle Healthcare Ltd.