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REGISTERED NUMBER: 11525398 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SBL CARESERVICES (UK) LTD

SBL CARESERVICES (UK) LTD (REGISTERED NUMBER: 11525398)






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


SBL CARESERVICES (UK) LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: D M Halliday
A B Wilding





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 11525398 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

SBL CARESERVICES (UK) LTD (REGISTERED NUMBER: 11525398)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 434,348 438,893

CURRENT ASSETS
Debtors 5 985,018 128,938
Cash at bank and in hand 28,490 91,711
1,013,508 220,649
CREDITORS
Amounts falling due within one year 6 (593,241 ) (221,355 )
NET CURRENT ASSETS/(LIABILITIES) 420,267 (706 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

854,615

438,187

CREDITORS
Amounts falling due after more than one
year

7

(249,932

)

(226,322

)

PROVISIONS FOR LIABILITIES (6,067 ) (9,241 )
NET ASSETS 598,616 202,624

CAPITAL AND RESERVES
Called up share capital 140 100
Retained earnings 598,476 202,524
598,616 202,624

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 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.

SBL CARESERVICES (UK) LTD (REGISTERED NUMBER: 11525398)

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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




A B Wilding - Director



D M Halliday - Director


SBL CARESERVICES (UK) LTD (REGISTERED NUMBER: 11525398)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

SBL Careservices (UK) 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.
Plant and machinery - 20% on cost
Motor vehicles - 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.

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.

SBL CARESERVICES (UK) LTD (REGISTERED NUMBER: 11525398)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors are satisfied at the time of approving the financial statements that the company has
adequate resources to continue to operate for the foreseeable future and as such, continues to adopt
the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 143,784 364,781 508,565
Additions 6,248 142,205 148,453
Disposals - (14,800 ) (14,800 )
At 31 March 2024 150,032 492,186 642,218
DEPRECIATION
At 1 April 2023 16,703 52,969 69,672
Charge for year 30,006 110,341 140,347
Eliminated on disposal - (2,149 ) (2,149 )
At 31 March 2024 46,709 161,161 207,870
NET BOOK VALUE
At 31 March 2024 103,323 331,025 434,348
At 31 March 2023 127,081 311,812 438,893

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 317,891
Additions 88,265
At 31 March 2024 406,156
DEPRECIATION
At 1 April 2023 46,160
Charge for year 89,999
At 31 March 2024 136,159
NET BOOK VALUE
At 31 March 2024 269,997
At 31 March 2023 271,731

SBL CARESERVICES (UK) LTD (REGISTERED NUMBER: 11525398)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 107,043 22,918
Other debtors 172,700 72,374
Directors' current accounts 519,897 26,422
Tax 175,466 -
Prepayments 9,912 7,224
985,018 128,938

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 61,568 33,308
Tax 420,719 112,884
Social security and other taxes 57,724 53,209
Other creditors 27,169 4,541
Directors' current accounts - 44
Accrued expenses 26,061 17,369
593,241 221,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 249,932 226,322

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 311,500 259,630

The hire purchase creditors are secured over the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
A B Wilding
Balance outstanding at start of year 26,422 -
Amounts advanced 466,358 26,922
Amounts repaid (93,089 ) (500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 399,691 26,422

SBL CARESERVICES (UK) LTD (REGISTERED NUMBER: 11525398)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D M Halliday
Balance outstanding at start of year - -
Amounts advanced 121,206 -
Amounts repaid (1,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 120,206 -

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,401 were paid to the directors .