Supporting Adult Independent Living Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04620420

SUPPORTING ADULT INDEPENDENT LIVING LTD

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

SUPPORTING ADULT INDEPENDENT LIVING LTD

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		1,120,476		1,126,448

CURRENT ASSETS

Debtors	7	32,454	10,557
Cash at bank and in hand		203,675	240,784
		---------	---------
		236,129	251,341

CREDITORS: amounts falling due within one year	8	182,751		144,869
		---------		---------
NET CURRENT ASSETS			53,378		106,472
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,173,854		1,232,920
			------------		------------
NET ASSETS			1,173,854		1,232,920
			------------		------------

CAPITAL AND RESERVES

Profit and loss account	1,173,854	1,232,920
	------------	------------
MEMBERS FUNDS	1,173,854	1,232,920
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

SUPPORTING ADULT INDEPENDENT LIVING LTD

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 June 2025 , and are signed on behalf of the board by:

Ms D C A Forrest	Mrs I Griffiths
Director	Director

Mr A A Forrest
Director

Company registration number: 04620420

SUPPORTING ADULT INDEPENDENT LIVING LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

1. GENERAL INFORMATION

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Perserverence House, 8 Ida Road, Walsall, WS2 9SR.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

The turnover shown in the profit and loss account represents the value of supported accommodation provided, recognised at the end of the week in which the accommodation is provided.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Frehold property	-	40 years straight line
Fixtures & equipment	-	20% reducing balance
Motor vehicles	-	25% reducing balance

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. COMPANY LIMITED BY GUARANTEE

The company is a company limited by guarantee, each member having undertaken to contribute an amount not exceeding £1 in the event of winding up.

5. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 13 (2024: 13 ).

6. TANGIBLE ASSETS

	Freehold property	Fixtures & equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	1,141,470	144,193	500	1,286,163
Additions	–	9,491	–	9,491
Disposals	–	–	( 500)	( 500)
	------------	---------	----	------------
At 31 March 2025	1,141,470	153,684	–	1,295,154
	------------	---------	----	------------
Depreciation
At 1 April 2024	38,756	120,670	289	159,715
Charge for the year	8,649	6,603	53	15,305
Disposals	–	–	( 342)	( 342)
	------------	---------	----	------------
At 31 March 2025	47,405	127,273	–	174,678
	------------	---------	----	------------
Carrying amount
At 31 March 2025	1,094,065	26,411	–	1,120,476
	------------	---------	----	------------
At 31 March 2024	1,102,714	23,523	211	1,126,448
	------------	---------	----	------------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	8,871	10,032
Other debtors	23,583	525
	--------	--------
	32,454	10,557
	--------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	22,030	6,380
Other creditors	160,721	138,489
	---------	---------
	182,751	144,869
	---------	---------

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A A Forrest	–	–	–	–
	----	----	----	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A A Forrest	–	50,000	( 50,000)	–
	----	--------	--------	----

The above advance was interest free .