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REGISTERED NUMBER: 13072423 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Silver Lining Care Limited

Silver Lining Care Limited (Registered number: 13072423)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Silver Lining Care Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Herbert
D W Jones
D Herbert
Miss J O Hill





REGISTERED OFFICE: 13a Victoria Gardens
Neath
SA11 3AY





REGISTERED NUMBER: 13072423 (England and Wales)





ACCOUNTANTS: Cambrian & Co Ltd
13A Victoria Gardens
Neath
West Glamorgan
SA11 3AY

Silver Lining Care Limited (Registered number: 13072423)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,235 16,926

CURRENT ASSETS
Debtors 5 214,445 98,148
Cash at bank 45,220 64,780
259,665 162,928
CREDITORS
Amounts falling due within one year 6 178,152 138,705
NET CURRENT ASSETS 81,513 24,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,748

41,149

CREDITORS
Amounts falling due after more than one
year

7

(105,048

)

(26,722

)

PROVISIONS FOR LIABILITIES (1,726 ) -
NET ASSETS 10,974 14,427

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 10,971 14,424
10,974 14,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Silver Lining Care Limited (Registered number: 13072423)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:




D W Jones - Director R Herbert - Director




D Herbert - Director


Silver Lining Care Limited (Registered number: 13072423)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Silver Lining Care Limited is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 20% on cost

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Silver Lining Care Limited (Registered number: 13072423)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 15,001 11,158 26,159
Additions 21,419 4,866 26,285
At 31 December 2023 36,420 16,024 52,444
DEPRECIATION
At 1 January 2023 6,000 3,233 9,233
Charge for year 3,316 3,660 6,976
At 31 December 2023 9,316 6,893 16,209
NET BOOK VALUE
At 31 December 2023 27,104 9,131 36,235
At 31 December 2022 9,001 7,925 16,926

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 100,037 49,157
Other debtors 1,940 750
Related company 5,911 -
Directors' current accounts 106,557 48,241
214,445 98,148

Silver Lining Care Limited (Registered number: 13072423)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 22,632 4,472
Trade creditors 3,144 1,530
Tax 19,079 7,003
Social security and other taxes 46,541 70,962
Other creditors - 100
Wages payable 1 1,392
Pension creditor 1,210 -
Advance from factor 84,985 53,246
Residents' expenses 560 -
178,152 138,705

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 105,048 26,722

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
D W Jones
Balance outstanding at start of year 15,904 4,740
Amounts advanced 35,681 19,164
Amounts repaid (16,000 ) (8,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,585 15,904

R Herbert
Balance outstanding at start of year 15,660 4,501
Amounts advanced 36,516 17,159
Amounts repaid (15,700 ) (6,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,476 15,660

Silver Lining Care Limited (Registered number: 13072423)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D Herbert
Balance outstanding at start of year 16,677 5,501
Amounts advanced 34,518 17,176
Amounts repaid (16,700 ) (6,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,495 16,677

The directors loan balances are included in debtors. The loans are unsecured and repayable on demand. Interest has been charged at a rate of 2.5% of the actual loan balances due to the company during the year.The total interest charge was £1,550 (2022 £500)

The balances are due to be repaid within 9 months of the year end.