St. David's Care (Forfar) Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Page 1

Page 2

Balance Sheet

As At 30 June 2025

Balance Sheet

Registered number: SC304274

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		214,500		230,100
Tangible Assets	5		1,515,168		1,511,511

			1,729,668		1,741,611
CURRENT ASSETS
Stocks	6	10,000		10,000
Debtors	7	45,031		56,159
Cash at bank and in hand		5,636		2,046

		60,667		68,205
Creditors: Amounts Falling Due Within One Year	8	(440,044 )		(482,256 )

NET CURRENT ASSETS (LIABILITIES)			(379,377 )		(414,051 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,350,291		1,327,560

Creditors: Amounts Falling Due After More Than One Year	9		(615,518 )		(669,655 )

NET ASSETS			734,773		657,905

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			734,771		657,903

SHAREHOLDERS' FUNDS			734,773		657,905

Page 2

Page 3

St. David's Care (Forfar) Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Lisa Cornford Director	Mr Ivan Cornford Director
16th September 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3

Page 4

St. David's Care (Forfar) Limited

Notes to the Financial Statements

For The Year Ended 30 June 2025

Notes to the Financial Statements

1. General Information

St. David's Care (Forfar) Limited Registered number SC304274 is a limited by shares company incorporated in Scotland. The Registered Office is 38 Glamis Road, Forfar, Angus, DD8 1DG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of services supplied by the company.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 25 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not provided
Fixtures & Fittings	10% and 20% on reducing balance
Computer Equipment	33% on reducing balance

2.5. Stocks and Work in Progress

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

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Directors	2	2
Care Staff	34	34

	36	36

Page 4

Page 5

St. David's Care (Forfar) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2024	390,000

As at 30 June 2025	390,000

Amortisation
As at 1 July 2024	159,900
Provided during the period	15,600

As at 30 June 2025	175,500

Net Book Value
As at 30 June 2025	214,500

As at 1 July 2024	230,100

5. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 July 2024	1,479,668	93,273	8,593	1,581,534
Additions	1,739	7,599	2,425	11,763

As at 30 June 2025	1,481,407	100,872	11,018	1,593,297

Depreciation
As at 1 July 2024	-	62,903	7,120	70,023
Provided during the period	-	6,819	1,287	8,106

As at 30 June 2025	-	69,722	8,407	78,129

Net Book Value
As at 30 June 2025	1,481,407	31,150	2,611	1,515,168

As at 1 July 2024	1,479,668	30,370	1,473	1,511,511

6. Stocks

	2025	2024
	£	£
Stocks	10,000	10,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	44,564	55,781
Prepayments and accrued income	467	378

	45,031	56,159

Page 5

Page 6

St. David's Care (Forfar) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	20	5,348
Corporation tax	20,966	12,788
Other taxes and social security	15,572	35,104
Pension	3,317	3,260
Loans repayable within 1 year	98,107	101,325
Short term finance	-	7,026
Financial penalty less than 1 year	18,000	18,000
Accruals	81,802	42,301
Directors' loan accounts	202,260	257,104

	440,044	482,256

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Loans - more than 1 year	568,018	604,155
Financial penalty more than 1 year	47,500	65,500

	615,518	669,655

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1 each	2	2

11. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans from directors:

	As at 1 July 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 June 2025
	£	£	£	£	£
Mrs Lisa Cornford	145,290	-	37,307	-	107,983
Mr Ivan Cornford	111,814	-	17,536	-	94,277

The above loans are unsecured, interest free and repayable on demand.

Dividends paid to directors

	2025	2024
	£	£
Mr Ivan Cornford	500	1,000
Mrs Lisa Cornford	500	1,000

12. Ultimate Controlling Party

Mr I Cornford and Mrs L Cornford hold 100% of the share capital of the company and therefore have full control.

Page 6

Directors	Mrs Lisa Cornford
	Mr Ivan Cornford

Secretary	Mr Ivan Cornford

Company Number	SC304274

Registered Office	38 Glamis Road
	Forfar
	Angus
	DD8 1DG

Accountants	Gillespie's
	Chartered Accountants
	33 Leslie Street
	Blairgowrie
	Perthshire
	PH10 6AW