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REGISTERED NUMBER: 04415244 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Safe Haven Care Limited

Safe Haven Care Limited (Registered number: 04415244)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Safe Haven Care Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs M J Griffiths



SECRETARY: Mrs M J Griffiths



REGISTERED OFFICE: C/o Ashmole and Co
7 Goat Street
HAVERFORDWEST
Pembrokeshire
SA61 1PX



REGISTERED NUMBER: 04415244 (England and Wales)



BANKERS: Barclays Bank PLC
1 Dimond Street
Pembroke Dock
Pembrokeshire
SA72 6JB

Safe Haven Care Limited (Registered number: 04415244)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,406 6,808
Tangible assets 5 43,298 48,069
46,704 54,877

CURRENT ASSETS
Debtors 6 153,804 212,101
Cash at bank 350,417 252,310
504,221 464,411
CREDITORS
Amounts falling due within one year 7 60,027 16,454
NET CURRENT ASSETS 444,194 447,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,898

502,834

PROVISIONS FOR LIABILITIES 2,926 2,898
NET ASSETS 487,972 499,936

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 487,970 499,934
SHAREHOLDERS' FUNDS 487,972 499,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Safe Haven Care Limited (Registered number: 04415244)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 19 April 2024 and were signed by:





Mrs M J Griffiths - Director


Safe Haven Care Limited (Registered number: 04415244)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Safe Haven 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 represents net invoiced sales of services.

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.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Goodwill
The remaining Goodwill paid on the acquisition of a business in 2005, is being amortised over its estimated remaining useful life of 10 years from 1st April 2015.

Safe Haven Care Limited (Registered number: 04415244)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 69,796
AMORTISATION
At 1 April 2023 62,988
Amortisation for year 3,402
At 31 March 2024 66,390
NET BOOK VALUE
At 31 March 2024 3,406
At 31 March 2023 6,808

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 41,404 182,408 12,220 8,957 244,989
Additions - 803 - 600 1,403
At 31 March 2024 41,404 183,211 12,220 9,557 246,392
DEPRECIATION
At 1 April 2023 13,287 163,855 11,199 8,579 196,920
Charge for year 828 4,845 256 245 6,174
At 31 March 2024 14,115 168,700 11,455 8,824 203,094
NET BOOK VALUE
At 31 March 2024 27,289 14,511 765 733 43,298
At 31 March 2023 28,117 18,553 1,021 378 48,069

Safe Haven Care Limited (Registered number: 04415244)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 19,317 21,109
Other debtors 33,085 42,085
Directors' current accounts 98,089 146,490
Prepayments 3,313 2,417
153,804 212,101

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,196 4,405
Tax 41,714 1,173
Social security and other taxes 9,434 4,466
Accrued expenses 4,683 6,410
60,027 16,454

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs M J Griffiths
Balance outstanding at start of year 146,490 168,321
Amounts advanced 98,148 124,013
Amounts repaid (146,549 ) (145,844 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,089 146,490

The company paid its director a sum of £20,000 (2023 - £20,000) for rental of its business premises. In addition the director paid the company interest of £1,300 (2023 - £1,872) in relation to her director loan.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £125,000 (2023 - £125,000) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M J Griffiths.