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REGISTERED NUMBER: 05522432 (England and Wales)











Financial Statements

for the Year Ended 31 July 2024

for

SUPPORTING INDEPENDENCE LIMITED

SUPPORTING INDEPENDENCE LIMITED (REGISTERED NUMBER: 05522432)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUPPORTING INDEPENDENCE LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr S D Worley
Mrs R F Worley





SECRETARY: Mrs R F Worley





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05522432 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

SUPPORTING INDEPENDENCE LIMITED (REGISTERED NUMBER: 05522432)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 346,437 360,448

CURRENT ASSETS
Debtors 5 337,982 329,011
Cash at bank and in hand 61,499 1,186
399,481 330,197
CREDITORS
Amounts falling due within one year 6 597,581 390,011
NET CURRENT LIABILITIES (198,100 ) (59,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,337

300,634

CREDITORS
Amounts falling due after more than one year 7 (14,831 ) (46,296 )

PROVISIONS FOR LIABILITIES 9 (86,609 ) (89,901 )
NET ASSETS 46,897 164,437

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 46,895 164,435
SHAREHOLDERS' FUNDS 46,897 164,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

SUPPORTING INDEPENDENCE LIMITED (REGISTERED NUMBER: 05522432)

Balance Sheet - continued
31 July 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 April 2025 and were signed on its behalf by:





Mrs R F Worley - Director


SUPPORTING INDEPENDENCE LIMITED (REGISTERED NUMBER: 05522432)

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

1. STATUTORY INFORMATION

Supporting Independence 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.

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 - 2% on reducing balance
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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
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.

SUPPORTING INDEPENDENCE LIMITED (REGISTERED NUMBER: 05522432)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 293,905 56,427 22,643
Additions - - -
At 31 July 2024 293,905 56,427 22,643
DEPRECIATION
At 1 August 2023 16,083 24,633 15,317
Charge for year 5,556 3,179 1,465
At 31 July 2024 21,639 27,812 16,782
NET BOOK VALUE
At 31 July 2024 272,266 28,615 5,861
At 31 July 2023 277,822 31,794 7,326

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 52,610 63,428 489,013
Additions - 6,113 6,113
At 31 July 2024 52,610 69,541 495,126
DEPRECIATION
At 1 August 2023 32,060 40,472 128,565
Charge for year 4,110 5,814 20,124
At 31 July 2024 36,170 46,286 148,689
NET BOOK VALUE
At 31 July 2024 16,440 23,255 346,437
At 31 July 2023 20,550 22,956 360,448

SUPPORTING INDEPENDENCE LIMITED (REGISTERED NUMBER: 05522432)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 68,694 91,830
Amounts owed by group undertakings 242,280 99,850
Other debtors 1,532 10,819
Directors' current accounts 5,840 115,329
Prepayments and accrued income 19,636 11,183
337,982 329,011

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 8) 23,971 21,456
Other loans (see note 8) 40,888 32,914
Trade creditors 111,629 74,613
Amounts owed to group undertakings - 12,122
Tax 613 -
Social security and other taxes 164,965 90,506
Other creditors 24,048 15,833
Net wages 63,571 12,826
Accruals and deferred income 167,896 129,741
597,581 390,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans (see note 8) 14,831 46,296

8. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 23,971 21,456
Other loans 40,888 30,551
Caravan finance - 2,363
64,859 54,370

Amounts falling due between one and two years:
Other loans - 1-2 years 14,831 37,660
Caravan finance loan > 1yr - 8,636
14,831 46,296

SUPPORTING INDEPENDENCE LIMITED (REGISTERED NUMBER: 05522432)

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

9. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 86,609 89,901

Deferred
tax
£   
Balance at 1 August 2023 89,901
Provided during year (3,292 )
Balance at 31 July 2024 86,609

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.24 31.7.23
£    £   
Mrs R F Worley
Balance outstanding at start of year 57,665 -
Amounts advanced - 88,811
Amounts repaid (57,665 ) (31,146 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 57,665

Mr S D Worley
Balance outstanding at start of year 57,664 -
Amounts advanced 274,860 88,810
Amounts repaid (326,684 ) (31,146 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,840 57,664

As at the balance sheet date, included in debtors within one year is £5,840 (2023: £115,329), due and payable by the directors. During the period interest was charged at 2.25%. The outstanding amount was fully repaid with 9 months from the year end.

SUPPORTING INDEPENDENCE LIMITED (REGISTERED NUMBER: 05522432)

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

12. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed (owed to) the following amounts to related parties:

Related Entity Name 2024 2023
Sussex Tool Truck Limited £25,971 £25,971
A Home For You Supported Tenancies Limited £22,140 £24,232
A Home For You (West Sussex) LLP £34,359 £49,647
Inspirational Teaching Limited £159,810 (£12,122 )

The companies are related parties by virtue of the fact that they are under common control.