| Registered Number:08198266 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2024
Supports Direct Limited
Contents Page
1
Statement of Financial Position
2 to 7
Notes to the Financial Statements
Supports Direct Limited
Statement of Financial Position
2023
2024
1,645
1,976
3
| Property, plant and equipment |
31,125
32,042
4
5
-
69,999
32,770
104,017
29,428
36,049
6
| Trade and other receivables |
169,340
71,470
7
12,985
| Cash and cash equivalents |
4,058
111,577
211,753
| Trade and other payables: amounts falling due within one |
| year |
(117,626)
(93,720)
8
94,127
17,857
Net current assets
| Total assets less current liabilities |
50,627
198,144
| Trade and other payables: amounts falling due after more |
| than one year |
(44,925)
(16,581)
9
(5,914)
(8,010)
| Provisions for liabilities |
28,132
Net assets
145,209
100
100
28,032
145,109
28,132
145,209
Shareholders' funds
| For the year ended 30 September 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 September 2024
Supports Direct Limited
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 30 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 September 2024
Supports Direct Limited
Notes to the Financial Statements
Statutory Information
| Supports Direct Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 08198266. |
Unit 1 Encon Court, Owl Close
Moulton Park Industrial Estate
Northampton
England
NN3 6HZ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Intangible assets
| Trade marks are written off over evenly over their expected useful life of five years. Computer software is written off over its expected useful life at the rate of twenty five per cent on their written down value. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
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For the year ended 30 September 2024
Supports Direct Limited
Notes to the Financial Statements Continued
Financial Instruments
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
| contractual provisions of the instrument. |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
| price. |
| Basic financial liabilities |
| Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing |
| transaction, where the debt instrument is measured at the present value of the future payments discounted at a |
| market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Equity Instruments
| Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity |
| instruments are recognised as liabilities once they are no longer at the discretion of the company. |
| 3. Intangible fixed assets |
13,867
200
14,067
11,891
531
Charge for year
12,422
1,645
1,976
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For the year ended 30 September 2024
Supports Direct Limited
Notes to the Financial Statements Continued
| 4. Property, plant and equipment |
Motor vehicles
92,822
49,350
30,624
12,848
9,458
9,458
-
-
12,848
30,624
58,808
102,280
| Provision for depreciation and impairment |
60,780
38,340
13,398
9,042
Charge for year
10,375
5,117
4,307
951
71,155
43,457
17,705
9,993
2,855
12,919
15,351
31,125
3,806
17,226
11,010
32,042
69,999
(69,999)
-
-
69,999
2023
2024
36,049
29,428
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For the year ended 30 September 2024
Supports Direct Limited
Notes to the Financial Statements Continued
| 7. Trade and other receivables |
2023
2024
10,713
9,503
| Amounts owed by group undertakings and participating interests |
44,071
146,571
| Prepayments and accrued income |
10,936
9,407
5,750
3,859
169,340
71,470
| 8. Trade and other payables: amounts falling due within one year |
2023
2024
23,041
10,627
| Taxation and social security |
27,598
41,177
| Accruals and deferred income |
4,807
5,740
892
106
37,382
59,976
93,720
117,626
| 9. Trade and other payables: amounts falling due after more than one year |
2023
2024
16,581
44,925
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For the year ended 30 September 2024
Supports Direct Limited
Notes to the Financial Statements Continued
| 10. Guarantees and other financial commitments |
Capital commitments
| Future capital expenditure approved by the directors but not provided for in these financial statements is as follows: |
2023
2024
133,992
-
-
133,992
| At 30 September 2024 the company had annual commitments under non-cancellable operating leases as set out |
| below: |
2023
2024
| Operating leases which expire: |
20,000
20
20
20,000
| 11. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 3)
| 12. Parent-subsidiary relationship |
| The parent company is Prewco Limited whose registered office is Unit 1 Encon Court, Owl Close, Moulton Park Industrial Estate, Northampton NN3 6HZ and is registered in the United Kingdom. The parent company's principal place of business is Unit 1 Encon Court, Owl Close, Moulton Park Industrial Estate, Northampton NN3 6HZ. |
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