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REGISTERED NUMBER: 12092660 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SOLACE CARE GROUP LTD

SOLACE CARE GROUP LTD (REGISTERED NUMBER: 12092660)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOLACE CARE GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr Zahid Ali Choudhry





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





REGISTERED NUMBER: 12092660 (England and Wales)






SOLACE CARE GROUP LTD (REGISTERED NUMBER: 12092660)

BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,530 1,667

CURRENT ASSETS
Debtors 5 337,477 158,524
Cash at bank and in hand 10,159 9,307
347,636 167,831
CREDITORS
Amounts falling due within one year 6 161,040 67,573
NET CURRENT ASSETS 186,596 100,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,126

101,925

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 191,026 101,825
SHAREHOLDERS' FUNDS 191,126 101,925

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 director acknowledges his 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.

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 23 April 2025 and were signed by:





Mr Zahid Ali Choudhry - Director


SOLACE CARE GROUP LTD (REGISTERED NUMBER: 12092660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Solace Care Group 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.
Computer equipment - 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.

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 6 (2023 - 5 ) .

SOLACE CARE GROUP LTD (REGISTERED NUMBER: 12092660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023 2,963
Additions 4,373
At 31 July 2024 7,336
DEPRECIATION
At 1 August 2023 1,296
Charge for year 1,510
At 31 July 2024 2,806
NET BOOK VALUE
At 31 July 2024 4,530
At 31 July 2023 1,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Amounts owed by group undertakings 334,477 155,524
Other debtors 3,000 3,000
337,477 158,524

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts (see note 7) 19,214 28,334
Trade creditors 6,312 6,311
Tax 32,192 5,942
Social security and other taxes 5,302 4,045
Net wages 6,366 -
Directors' current accounts 90,954 21,741
Accrued expenses 700 1,200
161,040 67,573

7. 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 loans 19,214 28,334

SOLACE CARE GROUP LTD (REGISTERED NUMBER: 12092660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
1 Ordinary 100 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2023 101,825
Profit for the year 89,201
At 31 July 2024 191,026