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REGISTERED NUMBER: 03626045 (England and Wales)














Financial Statements

for the Year Ended 31 May 2024

for

Support Revolution Limited

Support Revolution Limited (Registered number: 03626045)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Support Revolution Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr M J Smith
Ms V Molloy
Ms J Hurp





SECRETARY: Mrs F C Smith





REGISTERED OFFICE: 5-6 Rivermead
Pipers Way
Thatcham
Berkshire
RG19 4EP





REGISTERED NUMBER: 03626045 (England and Wales)





AUDITORS: Ward Goodman Audit Services Limited
Statutory Auditor
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Support Revolution Limited (Registered number: 03626045)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,147 123,948

CURRENT ASSETS
Debtors 5 890,323 1,594,923
Cash at bank and in hand 4,212,241 4,080,531
5,102,564 5,675,454
CREDITORS
Amounts falling due within one year 6 4,623,535 5,390,725
NET CURRENT ASSETS 479,029 284,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

583,176

408,677

PROVISIONS FOR LIABILITIES 8 30,867 35,667
NET ASSETS 552,309 373,010

CAPITAL AND RESERVES
Called up share capital 5,604 5,604
Capital redemption reserve 2,800 2,800
Retained earnings 543,905 364,606
552,309 373,010

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 19 February 2025 and were signed on its behalf by:





Mr M J Smith - Director


Support Revolution Limited (Registered number: 03626045)

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

1. STATUTORY INFORMATION

Support Revolution 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measure as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Turnover from contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - over the term of the lease
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance


Support Revolution Limited (Registered number: 03626045)

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

2. ACCOUNTING POLICIES - continued
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using 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.

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.

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Support Revolution Limited (Registered number: 03626045)

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

2. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware
of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Short Motor Computer
leasehold vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 7,017 80,055 282,105 369,177
Additions - - 17,711 17,711
Disposals (3,453 ) - (22,381 ) (25,834 )
At 31 May 2024 3,564 80,055 277,435 361,054
DEPRECIATION
At 1 June 2023 4,149 66,599 174,481 245,229
Charge for year 1,217 3,364 32,931 37,512
Eliminated on disposal (3,453 ) - (22,381 ) (25,834 )
At 31 May 2024 1,913 69,963 185,031 256,907
NET BOOK VALUE
At 31 May 2024 1,651 10,092 92,404 104,147
At 31 May 2023 2,868 13,456 107,624 123,948

Support Revolution Limited (Registered number: 03626045)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 167,859 948,498
Amounts owed by group undertakings 340,643 327,256
Other debtors 62,004 30,544
Directors' loan accounts 5,621 -
Prepayments and accrued income 314,196 288,625
890,323 1,594,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 96,477 158,978
Tax 359,408 145,119
Social security and other taxes 64,768 81,648
VAT 315,693 514,011
Other creditors 48,673 72,787
Directors' loan accounts - 285,663
Accruals and deferred income 3,738,516 4,132,519
4,623,535 5,390,725

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 62,191 47,250
Between one and five years 166,500 216,000
228,691 263,250

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,867 30,667
Other provisions 5,000 5,000
30,867 35,667

Deferred Other
tax provisions
£    £   
Balance at 1 June 2023 30,667 5,000
Utilised during year (4,800 ) -
Balance at 31 May 2024 25,867 5,000

Support Revolution Limited (Registered number: 03626045)

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

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

I M Rodd BSc FCA FCCA (Senior Statutory Auditor)
for and on behalf of Ward Goodman Audit Services Limited

10. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £41,188 (2023 - £35,699). Contributions totalling £7,881 (2023 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

11. RELATED PARTY DISCLOSURES

During the year end 31 May 2024, a management recharge was performed from Support Revolution Limited and Support Revolution Private Limited totalling £335,655 (2023: £nil).

At the year end, Support Revolution Limited is owed £62,003 (2023: £30,544) from a company under common control.

Included within debtors is a balance of £5,621 owed to Support Revolution Ltd from director Mr M J Smith, in the prior year Support Revolution owed director Mr M J Smith £285,663.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Support Revolution Holdings Limited.