IRIS Accounts Production v24.2.0.383 08799822 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087998222022-12-31087998222023-12-31087998222023-01-012023-12-31087998222021-12-31087998222022-01-012022-12-31087998222022-12-3108799822ns15:EnglandWales2023-01-012023-12-3108799822ns14:PoundSterling2023-01-012023-12-3108799822ns10:Director12023-01-012023-12-3108799822ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108799822ns10:SmallEntities2023-01-012023-12-3108799822ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108799822ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108799822ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108799822ns10:FullAccounts2023-01-012023-12-3108799822ns10:RegisteredOffice2023-01-012023-12-3108799822ns5:CurrentFinancialInstruments2023-12-3108799822ns5:CurrentFinancialInstruments2022-12-3108799822ns5:Non-currentFinancialInstruments2023-12-3108799822ns5:Non-currentFinancialInstruments2022-12-3108799822ns5:ShareCapital2023-12-3108799822ns5:ShareCapital2022-12-3108799822ns5:RetainedEarningsAccumulatedLosses2023-12-3108799822ns5:RetainedEarningsAccumulatedLosses2022-12-3108799822ns5:LandBuildingsns5:ShortLeaseholdAssets2023-01-012023-12-3108799822ns5:PlantMachinery2023-01-012023-12-3108799822ns5:FurnitureFittings2023-01-012023-12-3108799822ns5:ComputerEquipment2023-01-012023-12-3108799822ns5:LandBuildingsns5:ShortLeaseholdAssets2022-12-3108799822ns5:PlantMachinery2022-12-3108799822ns5:FurnitureFittings2022-12-3108799822ns5:ComputerEquipment2022-12-3108799822ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3108799822ns5:PlantMachinery2023-12-3108799822ns5:FurnitureFittings2023-12-3108799822ns5:ComputerEquipment2023-12-3108799822ns5:LandBuildingsns5:ShortLeaseholdAssets2022-12-3108799822ns5:PlantMachinery2022-12-3108799822ns5:FurnitureFittings2022-12-3108799822ns5:ComputerEquipment2022-12-3108799822ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3108799822ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3108799822ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3108799822ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3108799822ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3108799822ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3108799822ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3108799822ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2022-12-3108799822ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3108799822ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3108799822ns5:HirePurchaseContracts2023-12-3108799822ns5:HirePurchaseContracts2022-12-3108799822ns5:WithinOneYear2023-12-3108799822ns5:WithinOneYear2022-12-3108799822ns5:BetweenOneFiveYears2023-12-3108799822ns5:BetweenOneFiveYears2022-12-3108799822ns5:AllPeriods2023-12-3108799822ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 08799822 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Transitions Supported Living Ltd

Transitions Supported Living Ltd (Registered number: 08799822)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Transitions Supported Living Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ms V L Cox



REGISTERED OFFICE: 1 Elmira Road
Gloucester
GL4 6TH



REGISTERED NUMBER: 08799822 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: National Westminster Bank Plc
21 Eastgate Street
Gloucester
GL1 1NH

Transitions Supported Living Ltd (Registered number: 08799822)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,750 46,266

CURRENT ASSETS
Debtors 5 130,295 175,237
Cash at bank and in hand 12,369 36,602
142,664 211,839
CREDITORS
Amounts falling due within one year 6 47,378 92,443
NET CURRENT ASSETS 95,286 119,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,036

165,662

CREDITORS
Amounts falling due after more than one
year

7

(46,667

)

(54,879

)

PROVISIONS FOR LIABILITIES (7,824 ) (9,881 )
NET ASSETS 79,545 100,902

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 79,544 100,901
SHAREHOLDERS' FUNDS 79,545 100,902

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Transitions Supported Living Ltd (Registered number: 08799822)

Statement of Financial Position - continued
31 December 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 director and authorised for issue on 27 August 2024 and were signed by:





Ms V L Cox - Director


Transitions Supported Living Ltd (Registered number: 08799822)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Transitions Supported Living 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Transitions Supported Living Ltd (Registered number: 08799822)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 19,627 39,298 29,910 10,066 98,901
Additions - - 6,299 - 6,299
At 31 December 2023 19,627 39,298 36,209 10,066 105,200
Depreciation
At 1 January 2023 12,885 13,783 18,116 7,851 52,635
Charge for year 1,685 6,379 4,524 1,227 13,815
At 31 December 2023 14,570 20,162 22,640 9,078 66,450
Net book value
At 31 December 2023 5,057 19,136 13,569 988 38,750
At 31 December 2022 6,742 25,515 11,794 2,215 46,266

Transitions Supported Living Ltd (Registered number: 08799822)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 January 2023
and 31 December 2023 32,091
Depreciation
At 1 January 2023 8,023
Charge for year 6,017
At 31 December 2023 14,040
Net book value
At 31 December 2023 18,051
At 31 December 2022 24,068

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 65,838 62,712
Amounts owed by group undertakings 60,205 -
Other debtors 4,252 112,525
130,295 175,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts (see note 8) 5,212 5,212
Trade creditors 1,044 -
Amounts owed to group undertakings - 21,144
Taxation and social security 29,662 55,580
Other creditors 5,460 4,507
47,378 92,443

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 35,180 38,180
Hire purchase contracts (see note 8) 11,487 16,699
46,667 54,879

Transitions Supported Living Ltd (Registered number: 08799822)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/12/23 31/12/22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,180 14,180

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/12/23 31/12/22
£    £   
Net obligations repayable:
Within one year 5,212 5,212
Between one and five years 11,487 16,699
16,699 21,911

Non-cancellable operating leases
31/12/23 31/12/22
£    £   
Within one year 10,319 18,617
Between one and five years 21,305 28,819
31,624 47,436

9. RELATED PARTY DISCLOSURES

SJC Property Holding Ltd
Parent Company

During the year, the company loaned funds to its parent company SJC Property Holding Ltd. On 31 December 2023, the loan balance due from the parent company was £60,205 (2022 - £21,144 owed to the parent company). The loan is interest free and has no fixed repayment terms.

The company has provided security on bank loans taken out by SJC Property Holding Ltd. A fixed and floating charge over the company's assets has been registered by the bank. The total of secured debt of SJC Property Holding Ltd at 31 December 2023 is £266,886 (2022 - £279,512).

10. ULTIMATE CONTROLLING PARTY

The controlling party is SJC Property Holding Ltd.

The company is controlled by SJC Property Holding Ltd, a company controlled by the director Ms V L Cox. SJC Property Holding Ltd, which shares the same registered office as Transitions Supported Living Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.