Alanmart Day Care Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC253015 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Alanmart Day Care Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Marion H Fivey

SECRETARY:

Stephanie C. Fivey

REGISTERED OFFICE:

6B Muirhead Road

Stenhousemuir

Stirlingshire

FK5 4HZ

REGISTERED NUMBER:

SC253015 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

313,591

338,580

313,591

338,580

CURRENT ASSETS

Debtors

6

25,079

34,613

Cash at bank

26,476

41,751

51,555

76,364

CREDITORS

Amounts falling due within one year

7

61,910

79,662

NET CURRENT LIABILITIES

(10,355

)

(3,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

303,236

335,282

CREDITORS

Amounts falling due after more than one year

8

59,390

91,476

NET ASSETS

243,846

243,806

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

33,003

33,003

Retained earnings

210,743

210,703

SHAREHOLDERS' FUNDS

243,846

243,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 July 2022 and were signed by:

Marion H Fivey - Director

1.	STATUTORY INFORMATION

Alanmart Day Care 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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.

Heritable property

-

not provided

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2021 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

15,000

AMORTISATION

At 1 April 2021

and 31 March 2022

15,000

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Heritable

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 April 2021

250,000

58,404

69,346

Additions

-

-

3,678

Disposals

-

-

-

At 31 March 2022

250,000

58,404

73,024

DEPRECIATION

At 1 April 2021

-

51,738

51,539

Charge for year

-

1,333

3,225

Eliminated on disposal

-

-

-

At 31 March 2022

-

53,071

54,764

NET BOOK VALUE

At 31 March 2022

250,000

5,333

18,260

At 31 March 2021

250,000

6,666

17,807

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2021

149,399

14,756

541,905

Additions

37,373

834

41,885

Disposals

(113,097

)

-

(113,097

)

At 31 March 2022

73,675

15,590

470,693

DEPRECIATION

At 1 April 2021

89,464

10,584

203,325

Charge for year

12,215

1,651

18,424

Eliminated on disposal

(64,647

)

-

(64,647

)

At 31 March 2022

37,032

12,235

157,102

NET BOOK VALUE

At 31 March 2022

36,643

3,355

313,591

At 31 March 2021

59,935

4,172

338,580

The heritable property was valued by the directors at 31 March 2015 based on a previous valuation obtained for bank lending purposes.

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

Motor

vehicles

£

COST OR VALUATION

At 1 April 2021

65,548

Additions

37,373

Disposals

(65,548

)

At 31 March 2022

37,373

DEPRECIATION

At 1 April 2021

28,677

Charge for year

9,343

Eliminated on disposal

(28,677

)

At 31 March 2022

9,343

NET BOOK VALUE

At 31 March 2022

28,030

At 31 March 2021

36,871

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

20,189

25,737

Other debtors

4,890

8,876

25,079

34,613

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

30,069

29,403

Hire purchase contracts

5,021

13,319

Taxation and social security

7,143

15,282

Other creditors

19,677

21,658

61,910

79,662

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

33,022

63,091

Hire purchase contracts

26,368

28,385

59,390

91,476

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.22

31.3.21

£

£

Bank loans

63,091

92,494

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

80

Ordinary "A"

£1

80

80

20

Ordinary "B"

£1

20

20

100

100

11.

RESERVES

Revaluation

reserve

£

At 1 April 2021

and 31 March 2022

33,003

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Marion H Fivey.