13 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04620420 2023-04-01 2024-03-31 04620420 2024-03-31 04620420 2023-03-31 04620420 2022-04-01 2023-03-31 04620420 2023-03-31 04620420 2022-03-31 04620420 core:PlantMachinery 2023-04-01 2024-03-31 04620420 core:MotorVehicles 2023-04-01 2024-03-31 04620420 bus:Director1 2023-04-01 2024-03-31 04620420 bus:Director2 2023-04-01 2024-03-31 04620420 bus:Director4 2023-04-01 2024-03-31 04620420 core:LandBuildings 2023-03-31 04620420 core:PlantMachinery 2023-03-31 04620420 core:MotorVehicles 2023-03-31 04620420 core:LandBuildings 2024-03-31 04620420 core:PlantMachinery 2024-03-31 04620420 core:MotorVehicles 2024-03-31 04620420 core:LandBuildings 2023-04-01 2024-03-31 04620420 core:WithinOneYear 2024-03-31 04620420 core:WithinOneYear 2023-03-31 04620420 core:RetainedEarningsAccumulatedLosses 2024-03-31 04620420 core:RetainedEarningsAccumulatedLosses 2023-03-31 04620420 core:LandBuildings 2023-03-31 04620420 core:PlantMachinery 2023-03-31 04620420 core:MotorVehicles 2023-03-31 04620420 bus:SmallEntities 2023-04-01 2024-03-31 04620420 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04620420 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04620420 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 04620420 bus:FullAccounts 2023-04-01 2024-03-31 04620420 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 04620420
SUPPORTING ADULT INDEPENDENT LIVING LTD
Company Limited by Guarantee
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
SUPPORTING ADULT INDEPENDENT LIVING LTD
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
6
1,126,448
1,138,446
CURRENT ASSETS
Debtors
7
10,557
7,905
Cash at bank and in hand
240,784
209,808
---------
---------
251,341
217,713
CREDITORS: amounts falling due within one year
8
144,869
138,269
---------
---------
NET CURRENT ASSETS
106,472
79,444
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,232,920
1,217,890
------------
------------
NET ASSETS
1,232,920
1,217,890
------------
------------
CAPITAL AND RESERVES
Profit and loss account
1,232,920
1,217,890
------------
------------
MEMBERS FUNDS
1,232,920
1,217,890
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SUPPORTING ADULT INDEPENDENT LIVING LTD
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 18 July 2024 , and are signed on behalf of the board by:
Ms D C A Forrest
Mrs I Griffiths
Director
Director
Mr A A Forrest
Director
Company registration number: 04620420
SUPPORTING ADULT INDEPENDENT LIVING LTD
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 March 2024
1. GENERAL INFORMATION
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Perserverence House, 8 Ida Road, Walsall, WS2 9SR.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
The turnover shown in the profit and loss account represents the value of supported accommodation provided, recognised at the end of the week in which the accommodation is provided.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Frehold property
-
40 years straight line
Fixtures & equipment
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. COMPANY LIMITED BY GUARANTEE
The company is a company limited by guarantee, each member having undertaken to contribute an amount not exceeding £1 in the event of winding up.
5. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 13 (2023: 14 ).
6. TANGIBLE ASSETS
Freehold property
Fixtures & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
1,141,470
141,592
500
1,283,562
Additions
2,601
2,601
------------
---------
----
------------
At 31 March 2024
1,141,470
144,193
500
1,286,163
------------
---------
----
------------
Depreciation
At 1 April 2023
30,107
114,790
219
145,116
Charge for the year
8,649
5,880
70
14,599
------------
---------
----
------------
At 31 March 2024
38,756
120,670
289
159,715
------------
---------
----
------------
Carrying amount
At 31 March 2024
1,102,714
23,523
211
1,126,448
------------
---------
----
------------
At 31 March 2023
1,111,363
26,802
281
1,138,446
------------
---------
----
------------
7. DEBTORS
2024
2023
£
£
Trade debtors
10,032
4,497
Other debtors
525
3,408
--------
-------
10,557
7,905
--------
-------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
6,380
6,922
Other creditors
138,489
131,347
---------
---------
144,869
138,269
---------
---------
9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A A Forrest
50,000
( 50,000)
----
--------
--------
----
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A A Forrest
----
----
----
----
The above advance was interest free.