St. Vincent's Health and Private Sector Resourcing Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC206650

St. Vincent's Health and Private Sector Resourcing Limited

Filleted Unaudited Financial Statements

31 March 2025

St. Vincent's Health and Private Sector Resourcing Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	6	–	72
Investments	7	–	85
		----	----
		–	157

Current Assets

Debtors	8	1,032,272	1,099,436
Cash at bank and in hand		563,638	235,684
		-------------	-------------
		1,595,910	1,335,120

Creditors: amounts falling due within one year	9	226,666		163,434
		-------------		-------------
Net Current Assets			1,369,244	1,171,686
			-------------	-------------
Total Assets Less Current Liabilities			1,369,244	1,171,843
			-------------	-------------
Net Assets			1,369,244	1,171,843
			-------------	-------------

Capital and Reserves

Called up share capital	10	126	126
Profit and loss account		1,369,118	1,171,717
		-------------	-------------
Shareholders Funds		1,369,244	1,171,843
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

St. Vincent's Health and Private Sector Resourcing Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

J B Dollan

Director

Company registration number: SC206650

St. Vincent's Health and Private Sector Resourcing Limited

Notes to the Financial Statements

Year ended 31st March 2025

1. General Information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Clyde Offices 2nd Floor, 48 West George Street, Glasgow, G2 1BP.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes a 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 intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, which the transaction is measured at the present value of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement 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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments 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. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 4 ).

5. Intangible Assets

	Goodwill
	£
Cost
At 1st April 2024 and 31st March 2025	222,178
	----------
Amortisation
At 1st April 2024 and 31st March 2025	222,178
	----------
Carrying amount
At 31st March 2025	–
	----------
At 31st March 2024	–
	----------

6. Tangible Assets

	Fixtures and fittings	Total
	£	£
Cost
At 1st April 2024 and 31st March 2025	3,422	3,422
	-------	-------
Depreciation
At 1st April 2024	3,350	3,350
Charge for the year	72	72
	-------	-------
At 31st March 2025	3,422	3,422
	-------	-------
Carrying amount
At 31st March 2025	–	–
	-------	-------
At 31st March 2024	72	72
	-------	-------

7. Investments

	Shares in group undertakings
	£
Cost
At 1st April 2024 and 31st March 2025	85
	----
Impairment
At 1st April 2024	–
Impairment losses	85
	----
At 31st March 2025	85
	----

Carrying amount
At 31st March 2025	–
	----
At 31st March 2024	85
	----

8. Debtors

	2025	2024
	£	£
Trade debtors	264,577	370,968
Other debtors	767,695	728,468
	-------------	-------------
	1,032,272	1,099,436
	-------------	-------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	180,279	122,681
Social security and other taxes	14,192	18,615
Other creditors	32,195	22,138
	----------	----------
	226,666	163,434
	----------	----------

10. Called Up Share Capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.50 each	252	126	252	126
	----	----	----	----

11. Directors' Advances, Credits and Guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
P Tonner	264,607	10,702	275,309
	----------	---------	----------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
P Tonner	258,725	5,882	264,607
	----------	-------	----------

Interest has been charged on any period the loan is overdrawn at a rate of 2.25%. The loan is repayable on demand.

12. Related Party Transactions

Included in debtors due within one year is a loan of £395,019 (2024 - £367,987) to a company under common control. The non-interest bearing loan is repayable on demand.