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REGISTERED NUMBER: 06967390 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

SUPPORTPLAN LTD

SUPPORTPLAN LTD (REGISTERED NUMBER: 06967390)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUPPORTPLAN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: L A W Beecheno
A Beecheno





REGISTERED OFFICE: Unit 17
83 Crampton Street
London
SE17 3BQ





REGISTERED NUMBER: 06967390 (England and Wales)





ACCOUNTANTS: Sophic Finance Ltd
Chartered Accountants
Little Coombe
Longfield Road
Dorking
Surrey
RH4 3DE

SUPPORTPLAN LTD (REGISTERED NUMBER: 06967390)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,220 22,098
Investments 5 1 1
86,221 22,099

CURRENT ASSETS
Debtors 6 1,317,726 1,507,253
Cash at bank and in hand 201,332 541,409
1,519,058 2,048,662
CREDITORS
Amounts falling due within one year 7 434,434 393,929
NET CURRENT ASSETS 1,084,624 1,654,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,170,845

1,676,832

PROVISIONS FOR LIABILITIES 16,382 4,199
NET ASSETS 1,154,463 1,672,633

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,154,363 1,672,533
SHAREHOLDERS' FUNDS 1,154,463 1,672,633

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SUPPORTPLAN LTD (REGISTERED NUMBER: 06967390)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





L A W Beecheno - Director


SUPPORTPLAN LTD (REGISTERED NUMBER: 06967390)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Supportplan Ltd 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on 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.

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.

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 9 (2022 - 11 ) .

SUPPORTPLAN LTD (REGISTERED NUMBER: 06967390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 425,563 9,129 60,793 495,485
Additions 114,164 - 2,683 116,847
Disposals - - (313,051 ) (313,051 )
At 31 July 2023 539,727 9,129 (249,575 ) 299,281
DEPRECIATION
At 1 August 2022 407,590 7,773 58,024 473,387
Charge for year 50,082 271 2,372 52,725
Eliminated on disposal - - (313,051 ) (313,051 )
At 31 July 2023 457,672 8,044 (252,655 ) 213,061
NET BOOK VALUE
At 31 July 2023 82,055 1,085 3,080 86,220
At 31 July 2022 17,973 1,356 2,769 22,098

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 1
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 77,135 56,861
Other debtors 40,591 100,392
117,726 157,253

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,200,000 1,350,000

Aggregate amounts 1,317,726 1,507,253

SUPPORTPLAN LTD (REGISTERED NUMBER: 06967390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 197,290 79,103
Taxation and social security 103,261 128,431
Other creditors 133,883 186,395
434,434 393,929

8. RELATED PARTY DISCLOSURES

On 28th April 2022, Supportplan Ltd completed the sale of all ordinary shares to the Supportplan Employee Ownership Trust, resulting in all the existing shareholders selling 100% of their respective shareholdings to the EOT with deferred payments being agreed.

During the year to 31st July 2023, voluntary contributions of £840,000 were made to the EOT.

A Loan of £1,500,000 were made to the EOT previous year. A balance of £1,200,000 remained outstanding from the EOT at 31st July 2023.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is The Supportplan Employee Ownership Trust.