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REGISTERED NUMBER: 09593166 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

S V CARE LIMITED

S V CARE LIMITED (REGISTERED NUMBER: 09593166)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S V CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mrs S Puli





REGISTERED OFFICE: 95 St. Albans Road
Watford
WD17 1SJ





REGISTERED NUMBER: 09593166 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

S V CARE LIMITED (REGISTERED NUMBER: 09593166)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 166,208 193,752

CURRENT ASSETS
Debtors 5 1,046,349 313,132
Cash at bank and in hand 197,556 892,452
1,243,905 1,205,584
CREDITORS
Amounts falling due within one year 6 171,383 226,861
NET CURRENT ASSETS 1,072,522 978,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,238,730

1,172,475

CREDITORS
Amounts falling due after more than one year 7 33,796 63,238
NET ASSETS 1,204,934 1,109,237

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 1,204,932 1,109,235
SHAREHOLDERS' FUNDS 1,204,934 1,109,237

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

S V CARE LIMITED (REGISTERED NUMBER: 09593166)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 19 May 2025 and were signed by:





Mrs S Puli - Director


S V CARE LIMITED (REGISTERED NUMBER: 09593166)

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


1. STATUTORY INFORMATION

S V Care 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.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
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.

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.

S V CARE LIMITED (REGISTERED NUMBER: 09593166)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 54 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 9,259 233,722 16,292 259,273
Additions 3,989 - 2,146 6,135
Disposals - (1,700 ) - (1,700 )
At 31 May 2024 13,248 232,022 18,438 263,708
DEPRECIATION
At 1 June 2023 3,154 55,552 6,815 65,521
Charge for year 2,604 28,420 1,818 32,842
Eliminated on disposal - (863 ) - (863 )
At 31 May 2024 5,758 83,109 8,633 97,500
NET BOOK VALUE
At 31 May 2024 7,490 148,913 9,805 166,208
At 31 May 2023 6,105 178,170 9,477 193,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 161,800 233,282
Amounts owed by associates 880,862 39,454
Other debtors 3,687 40,396
1,046,349 313,132

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 6,584 9,023
Hire purchase contracts (see note 8) 29,437 31,078
Trade creditors 6,105 6,862
Taxation and social security 104,002 143,187
Other creditors 25,255 36,711
171,383 226,861

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts (see note 8) 33,796 63,238

S V CARE LIMITED (REGISTERED NUMBER: 09593166)

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


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.5.24 31.5.23
£    £   
Gross obligations repayable:
Within one year 32,735 34,494
Between one and five years 38,617 71,352
71,352 105,846

Finance charges repayable:
Within one year 3,298 3,416
Between one and five years 4,821 8,114
8,119 11,530

Net obligations repayable:
Within one year 29,437 31,078
Between one and five years 33,796 63,238
63,233 94,316

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 June 2023 1,109,235
Profit for the year 158,197
Dividends (62,500 )
At 31 May 2024 1,204,932

11. RELATED PARTY DISCLOSURES

As at 31st May 2024, S V Care Limited was owed £11,931 (2023: £7,423) from Noolyn Care Limited, £Nil (2023: £11,600) from VA Facilities Limited and £868,601(2023: £20,431) from S V OM Limited Companies in which S Puli and V Puli are connected.

12. ULTIMATE CONTROLLING PARTY

The Ultimate controlling parties are Mrs S Puli and Mr V Puli.