SISTERS CARE SERVICES CIC

Company Registration Number:
08628548 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

SISTERS CARE SERVICES CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SISTERS CARE SERVICES CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

Victorious Mangwendeza
Tsitsi Mudokwani


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 April 2025

And signed on behalf of the board by:
Name: Victorious Mangwendeza
Status: Director

SISTERS CARE SERVICES CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 3,526,901 3,198,266
Cost of sales: ( 3,046,032 ) ( 2,851,802 )
Gross profit(or loss): 480,869 346,464
Administrative expenses: ( 427,159 ) ( 367,645 )
Operating profit(or loss): 53,710 (21,181)
Interest payable and similar charges: ( 2,303 ) ( 2,040 )
Profit(or loss) before tax: 51,407 (23,221)
Tax: ( 12,033 ) ( 1,369 )
Profit(or loss) for the financial year: 39,374 (24,590)

SISTERS CARE SERVICES CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 64,125 68,481
Total fixed assets: 64,125 68,481
Current assets
Debtors: 4 62,079 9,298
Cash at bank and in hand: 390,598 4,398
Total current assets: 452,677 13,696
Creditors: amounts falling due within one year: 5 ( 91,717 ) ( 41,043 )
Net current assets (liabilities): 360,960 (27,347)
Total assets less current liabilities: 425,085 41,134
Creditors: amounts falling due after more than one year: 6 ( 362,131 ) ( 17,750 )
Provision for liabilities: ( 5,315 ) ( 5,119 )
Total net assets (liabilities): 57,639 18,265
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 57,636 18,262
Total Shareholders' funds: 57,639 18,265

The notes form part of these financial statements

SISTERS CARE SERVICES CIC

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 April 2025
and signed on behalf of the board by:

Name: Victorious Mangwendeza
Status: Director

The notes form part of these financial statements

SISTERS CARE SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover comprises the invoiced value of services supplied by the company.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.

    Other accounting policies

    Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

SISTERS CARE SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 78 109

SISTERS CARE SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 29,920 13,417 73,241 116,578
Additions 23,702 23,702
Disposals
Revaluations
Transfers
At 31 July 2024 29,920 13,417 96,943 140,280
Depreciation
At 1 August 2023 9,504 9,655 28,938 48,097
Charge for year 5,985 2,684 19,389 28,058
On disposals
Other adjustments
At 31 July 2024 15,489 12,339 48,327 76,155
Net book value
At 31 July 2024 14,431 1,078 48,616 64,125
At 31 July 2023 20,416 3,762 44,303 68,481

SISTERS CARE SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Other debtors 62,079 9,298
Total 62,079 9,298

SISTERS CARE SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 39,488 39,281
Other creditors 52,229 1,762
Total 91,717 41,043

SISTERS CARE SERVICES CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 12,131 17,750
Other creditors 350,000
Total 362,131 17,750

COMMUNITY INTEREST ANNUAL REPORT

SISTERS CARE SERVICES CIC

Company Number: 08628548 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The company principal activity is of domiciliary care for elderly and young children.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The Directors were paid a sum of £25,654 (before tax) combined.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 April 2025

And signed on behalf of the board by:
Name: Victorious Mangwendeza
Status: Director