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REGISTERED NUMBER: 07281372 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Victory Socialcare Enterprise
(Limited by Guarantee)

Victory Socialcare Enterprise (Registered number: 07281372)
(Limited by Guarantee)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Victory Socialcare Enterprise
(Limited by Guarantee)

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Dr M Hall
Mrs V Rendall
Ms C N Oji





REGISTERED OFFICE: 101 Spring Bank
Hull
HU3 1BH





REGISTERED NUMBER: 07281372 (England and Wales)





ACCOUNTANTS: Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW

Victory Socialcare Enterprise (Registered number: 07281372)
(Limited by Guarantee)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,866 134,488

CURRENT ASSETS
Debtors 82,852 90,840
Cash at bank and in hand 73,585 47,408
156,437 138,248
CREDITORS
Amounts falling due within one year 110,988 84,725
NET CURRENT ASSETS 45,449 53,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,315

188,011

CREDITORS
Amounts falling due after more than one year (20,162 ) (29,929 )

PROVISIONS FOR LIABILITIES 5 (17,327 ) (23,311 )
NET ASSETS 108,826 134,771

RESERVES
Income and expenditure account 108,826 134,771
108,826 134,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 surplus or deficit 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.

Victory Socialcare Enterprise (Registered number: 07281372)
(Limited by Guarantee)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 March 2024 and were signed on its behalf by:





Dr M Hall - Director


Victory Socialcare Enterprise (Registered number: 07281372)
(Limited by Guarantee)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Victory Socialcare Enterprise is a private company, limited by guarantee , 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.
Fixtures, fittings & equipment - 25% on reducing balance

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.

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 50 (2022 - 77 ) .

Victory Socialcare Enterprise (Registered number: 07281372)
(Limited by Guarantee)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 749,454
DEPRECIATION
At 1 July 2022 614,966
Charge for year 33,622
At 30 June 2023 648,588
NET BOOK VALUE
At 30 June 2023 100,866
At 30 June 2022 134,488

5. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 17,327 23,311

Deferred
tax
£   
Balance at 1 July 2022 23,311
Provided during year (5,984 )
Balance at 30 June 2023 17,327

6. COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.