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REGISTERED NUMBER: 12459993 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SOLACE CARE 7KINGS LTD

SOLACE CARE 7KINGS LTD (REGISTERED NUMBER: 12459993)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLACE CARE 7KINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr Zahid Ali Choudhry
Mr Javed Ghafoor





REGISTERED OFFICE: Unit 2a 420 Eastern Avenue
Ilford
Essex
IG2 6NQ





REGISTERED NUMBER: 12459993 (England and Wales)





ACCOUNTANTS: Hybrid Accountancy Limited
Suite 3, 16 Village Way East
Harrow
HA2 7LU

SOLACE CARE 7KINGS LTD (REGISTERED NUMBER: 12459993)

BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,471 18,789

CURRENT ASSETS
Debtors 5 120,071 18,706
Cash at bank and in hand 4,412 114,770
124,483 133,476
CREDITORS
Amounts falling due within one year 6 27,351 30,834
NET CURRENT ASSETS 97,132 102,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,603

121,431

CREDITORS
Amounts falling due after more than one
year

7

19,274

29,042
NET ASSETS 99,329 92,389

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 99,229 92,289
SHAREHOLDERS' FUNDS 99,329 92,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

SOLACE CARE 7KINGS LTD (REGISTERED NUMBER: 12459993)

BALANCE SHEET - continued
29 FEBRUARY 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mr Zahid Ali Choudhry - Director


SOLACE CARE 7KINGS LTD (REGISTERED NUMBER: 12459993)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Solace Care 7kings 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.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% 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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 12 ) .

SOLACE CARE 7KINGS LTD (REGISTERED NUMBER: 12459993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 5,894 24,748 5,544 36,186
Additions - 12,399 - 12,399
At 29 February 2024 5,894 37,147 5,544 48,585
DEPRECIATION
At 1 March 2023 1,179 13,861 2,357 17,397
Charge for year 1,179 7,429 1,109 9,717
At 29 February 2024 2,358 21,290 3,466 27,114
NET BOOK VALUE
At 29 February 2024 3,536 15,857 2,078 21,471
At 28 February 2023 4,715 10,887 3,187 18,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 25,637 18,706
Amounts owed by group undertakings 94,434 -
120,071 18,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 5,634 7,653
Amounts owed to group undertakings - 468
Tax 4,105 7,392
Social security and other taxes 5,043 1,996
Net wages - 1,177
Directors' current accounts 421 -
Accrued expenses 1,500 1,500
27,351 30,834

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans more 5 yr by instal 19,274 29,042

SOLACE CARE 7KINGS LTD (REGISTERED NUMBER: 12459993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29/2/24 28/2/23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,274 29,042

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2023 92,289
Profit for the year 13,440
Dividends (6,500 )
At 29 February 2024 99,229