REGISTERED NUMBER: SC487965 (Scotland)

Financial Statements

for the Year Ended

31 December 2024

for

ENHANCE HEALTHCARE ADAM HOUSE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P G Mcniven

M Singh

A J Jamieson

REGISTERED OFFICE:

Barncluith Business Centre

Townhead Street

Hamilton

ML3 7DP

REGISTERED NUMBER:

SC487965 (Scotland)

AUDITORS:

WDM Associates (Statutory Auditors)

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

BANKERS:

The Royal Bank of Scotland

339 Byres Road

Glasgow

G12 8QP

FIXED ASSETS

Intangible assets

4

-

6,397

Tangible assets

5

291,557

290,249

291,557

296,646

CURRENT ASSETS

Debtors

6

4,557,966

5,110,134

Cash at bank and in hand

286,863

504,593

4,844,829

5,614,727

CREDITORS

Amounts falling due within one year

7

(1,834,285

)

(1,923,772

)

NET CURRENT ASSETS

3,010,544

3,690,955

TOTAL ASSETS LESS CURRENT LIABILITIES

3,302,101

3,987,601

PROVISIONS FOR LIABILITIES

(31,870

)

(29,116

)

NET ASSETS

3,270,231

3,958,485

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,270,229

3,958,483

SHAREHOLDERS' FUNDS

3,270,231

3,958,485

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 25 September 2025 and were signed on its behalf by:

M Singh - Director

1.	STATUTORY INFORMATION

Enhance Healthcare Adam House Ltd 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 represents revenue recognised by the company in respect of care services supplied during the period. Revenue is recognised when the delivery of the service is completed. Fees invoiced in advance are included in deferred income until the service is completed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

5% on cost

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

11,720

AMORTISATION

At 1 January 2024

5,323

Charge for year

6,397

At 31 December 2024

11,720

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

6,397

5.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2024

160,909

130,699

14,058

Additions

-

5,551

7,139

At 31 December 2024

160,909

136,250

21,197

DEPRECIATION

At 1 January 2024

8,468

26,140

14,058

Charge for year

8,045

21,738

1,190

At 31 December 2024

16,513

47,878

15,248

NET BOOK VALUE

At 31 December 2024

144,396

88,372

5,949

At 31 December 2023

152,441

104,559

-

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

109,598

29,903

898

446,065

Additions

20,615

-

3,110

36,415

At 31 December 2024

130,213

29,903

4,008

482,480

DEPRECIATION

At 1 January 2024

76,524

29,903

723

155,816

Charge for year

3,489

-

645

35,107

At 31 December 2024

80,013

29,903

1,368

190,923

NET BOOK VALUE

At 31 December 2024

50,200

-

2,640

291,557

At 31 December 2023

33,074

-

175

290,249

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

29,903

DEPRECIATION

At 1 January 2024

and 31 December 2024

29,903

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

113,000

97,707

Amounts owed by group undertakings

3,656,835

4,239,181

Amounts owed by associates

60,000

-

Other debtors

110,000

110,000

Directors' current accounts

500,302

500,000

Prepayments and accrued income

117,829

163,246

4,557,966

5,110,134

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

176,644

141,428

Amounts owed to group undertakings

590,439

648,619

Amounts owed to associates

897,056

947,056

Social security and other taxes

30,369

22,636

Other creditors

46,874

82,456

Accrued expenses

92,903

81,577

1,834,285

1,923,772

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Bonomy (Senior Statutory Auditor)

for and on behalf of WDM Associates (Statutory Auditors)

9.	RELATED PARTY DISCLOSURES

As at 31 December 2024 £800,000 was due to Enhance Properties (Coatbridge) Limited, a, company under common control.

The loans are interest free with no fixed repayment date.

A charge over the company's leasehold subjects was granted to TC Loans Limited on 8 January 2024. The charge relates to sums owed by the parent company, Enhance Healthcare Holdings Ltd.