IMAGINE CARE LTD


Directors	DOYLE, Gemma Mary
	DOYLE, James Daniel


Registered Address	Orega
	220 St. Vincent Street
	Glasgow
	G2 5SG


Registered Number	SC718929 (Scotland)

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	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 policy
	The turnover shown in the profit and loss account represents the fees receivable during the year. Income is recognised in the period in which the services are provided.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land & Buildings: 2% on cost Fixtures & Fittings: 15% on cost and 10% on cost Motor Vehicles: 15% on cost and 10% on cost

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's
 principal activity for the production and supply of goods or for administrative purposes and is stated in
 the balance sheet under the historic cost model. This model requires the assets to be stated at cost less
 amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is
 calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected
 amount that would currently be obtained from disposal of an asset, after deducting the estimated costs
 of disposal, if the asset were already of the age and in the condition expected at the end of its useful
 life), over the useful economic life of the respective asset as follows:

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & Buildings: 2% on cost
Fixtures & Fittings: 15% on cost and 10% on cost
Motor Vehicles: 15% on cost and 10% on cost

	Finance leases and hire purchase contracts
	Assets held under hire purchase agreements are capitalised in the balance sheet and depreciated over their useful economic lives. Minimum lease payments are apportioned between the interest charge and the reduction of the outstanding liability using the effective interest method. The related obligations are included in creditors.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2025		2024
	Average number of employees during the year	47		18

3.	Tangible fixed assets

	Land & buildings	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 February 24	762,551	37,185	30,684	830,420
Additions	-	251,073	28,666	279,739
Disposals	-	(86,690)	-	(86,690)
At 31 January 25	762,551	201,568	59,350	1,023,469
Depreciation and impairment
At 01 February 24	7,927	3,616	4,311	15,854
Charge for year	15,251	27,146	5,778	48,175
On disposals	-	(10,044)	-	(10,044)
At 31 January 25	23,178	20,718	10,089	53,985
Net book value
At 31 January 25	739,373	180,850	49,261	969,484
At 31 January 24	754,624	33,569	26,373	814,566

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	279,003	267,112
Other debtors	-	1,449
Prepayments and accrued income	25,077	12,846
Total	304,080	281,407

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	7,449	7,149
Bank borrowings and overdrafts	903	815
Taxation and social security	435,169	221,901
Finance lease and HP contracts	20,315	-
Other creditors	68,662	232,114
Accrued liabilities and deferred income	173,671	233,672
Total	706,169	695,651


	Included within other creditors are loans from the directors of £68,482 (2023: £231,581). These amounts are interest free and repayable on demand.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	414,434	415,337
Other creditors	142,478	-
Total	556,912	415,337


	Breakdown for bank borrowings and overdrafts: 2025 2024 1-2 years £1,001 £903 2-5 years £11,819 £5,952 More than 5 years by instalment £401,614 £408,482 Total £414,434 £415,337

7.	Secured creditors
	The following secured debts are included within creditors: Bank Loans £415,337 (2024: £416,152)

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	162,793		-


	Within one year £20,315 Between one and two years £22,216 Between two and five years £120,262 Total £162,793

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	7,485	8,126
Total	7,485	8,126

10.	Operating lease commitments
	At 31 Jan 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £961,446 (2024: £531,494). Within one year £183,159 (2024: £80,061) Between one and five years £588,609 (2024: £263,768) In more than five years £189,678 (2024: £187,665)

11.	Related party transactions
	The loan balance due to directors amounted to £68,482 (2024: £231,581) at the year end.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		969,484		814,566
			969,484		814,566
Current assets
Debtors	4	304,080		281,407
Cash at bank and on hand		203,811		446,968
		507,891		728,375
Creditors amounts falling due within one year	5	(706,169)		(695,651)
Net current assets (liabilities)			(198,278)		32,724
Total assets less current liabilities			771,206		847,290
Creditors amounts falling due after one year	6		(556,912)		(415,337)
Provisions for liabilities	9		(7,485)		(8,126)
Net assets			206,809		423,827
Capital and reserves
Called up share capital			101		101
Profit and loss account			206,708		423,726
Shareholders' funds			206,809		423,827