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REGISTERED NUMBER: 05522432 (England and Wales)










Unaudited Financial Statements

for the Period 1 August 2021 to 30 July 2022

for

Supporting Independence Limited

Supporting Independence Limited (Registered number: 05522432)






Contents of the Financial Statements
for the Period 1 August 2021 to 30 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Supporting Independence Limited

Company Information
for the Period 1 August 2021 to 30 July 2022







DIRECTORS: S D Worley
R F Worley





SECRETARY: R F Worley





REGISTERED OFFICE: 3-4 Nepcote Parade
Nepcote Lane
Findon
Worthing
West Sussex
BN14 0SA





REGISTERED NUMBER: 05522432 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Supporting Independence Limited (Registered number: 05522432)

Balance Sheet
30 July 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 377,236 267,637

CURRENT ASSETS
Debtors 5 155,131 78,982
Cash at bank and in hand 560 4,742
155,691 83,724
CREDITORS
Amounts falling due within one year 6 (255,035 ) (314,148 )
NET CURRENT LIABILITIES (99,344 ) (230,424 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,892

37,213

CREDITORS
Amounts falling due after more than one year 7 (69,397 ) (72,917 )

PROVISIONS FOR LIABILITIES (65,387 ) (32,647 )
NET ASSETS/(LIABILITIES) 143,108 (68,351 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 143,106 (68,353 )
143,108 (68,351 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 2022 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.

Supporting Independence Limited (Registered number: 05522432)

Balance Sheet - continued
30 July 2022


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 19 January 2024 and were signed on its behalf by:





S D Worley - Director


Supporting Independence Limited (Registered number: 05522432)

Notes to the Financial Statements
for the Period 1 August 2021 to 30 July 2022

1. STATUTORY INFORMATION

Supporting Independence 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.
Improvements to property - 2% Reducing balance
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

TAXATION
Taxation for the period 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.

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 period 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.

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.

Supporting Independence Limited (Registered number: 05522432)

Notes to the Financial Statements - continued
for the Period 1 August 2021 to 30 July 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 25 (2021 - 26 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2021 185,393 48,537 20,158
Additions 103,389 7,890 2,485
At 30 July 2022 288,782 56,427 22,643
DEPRECIATION
At 1 August 2021 4,731 17,697 11,267
Charge for period 5,682 3,403 2,218
At 30 July 2022 10,413 21,100 13,485
NET BOOK VALUE
At 30 July 2022 278,369 35,327 9,158
At 31 July 2021 180,662 30,840 8,891

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2021 50,210 48,202 352,500
Additions 2,400 15,226 131,390
At 30 July 2022 52,610 63,428 483,890
DEPRECIATION
At 1 August 2021 20,501 30,667 84,863
Charge for period 6,422 4,066 21,791
At 30 July 2022 26,923 34,733 106,654
NET BOOK VALUE
At 30 July 2022 25,687 28,695 377,236
At 31 July 2021 29,709 17,535 267,637

Supporting Independence Limited (Registered number: 05522432)

Notes to the Financial Statements - continued
for the Period 1 August 2021 to 30 July 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 80,082 64,506
Other Debtor - Sussex Tool
Truck Limited 23,837 11,341
Other Debtor - A Home For You 1,361 -
A Home for you LLP 48,650 -
Prepayments and accrued income 1,201 3,135
155,131 78,982

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank account no. 1 25,120 8,268
Other loans 31,208 27,083
Caravan finance 1,650 14,299
Trade creditors 12,832 32,558
Social security and other tax 77,323 118,217
Other creditors 16,797 6,936
Net Wages 310 -
Other Creditor - Inspirational
Teaching Limited 41,730 21,830
Directors' current accounts 4,588 37,652
Accruals and deferred income 39,679 42,448
Accrued expenses 3,798 4,857
255,035 314,148

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other loans - 1-2 years 58,398 72,917
Caravan finance Loan > 1 Year 10,999 -
69,397 72,917