REGISTERED NUMBER: 13072423 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Silver Lining Care Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Herbert

D W Jones

D Herbert

Miss J O Hill

REGISTERED OFFICE:

13a Victoria Gardens

Neath

SA11 3AY

REGISTERED NUMBER:

13072423 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

13A Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Tangible assets

4

163,687

36,235

CURRENT ASSETS

Debtors

5

209,243

214,445

Cash at bank

129,933

45,220

339,176

259,665

CREDITORS

Amounts falling due within one year

6

150,433

178,152

NET CURRENT ASSETS

188,743

81,513

TOTAL ASSETS LESS CURRENT LIABILITIES

352,430

117,748

CREDITORS

Amounts falling due after more than one year

7

(304,573

)

(105,048

)

PROVISIONS FOR LIABILITIES

(34,353

)

(1,726

)

NET ASSETS

13,504

10,974

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

13,501

10,971

13,504

10,974

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:

D W Jones - Director

R Herbert - Director

D Herbert - Director

1.	STATUTORY INFORMATION

Silver Lining 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.

Land and buildings

-

20% on cost

Plant and machinery etc

-

20% on cost

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2023 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

36,420

16,024

52,444

Additions

-

167,176

167,176

Disposals

-

(7,995

)

(7,995

)

At 31 December 2024

36,420

175,205

211,625

DEPRECIATION

At 1 January 2024

9,316

6,893

16,209

Charge for year

829

34,998

35,827

Eliminated on disposal

-

(4,098

)

(4,098

)

At 31 December 2024

10,145

37,793

47,938

NET BOOK VALUE

At 31 December 2024

26,275

137,412

163,687

At 31 December 2023

27,104

9,131

36,235

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

133,870

100,037

Other debtors

1,940

1,940

Related company

73,433

5,911

Directors' current accounts

-

106,557

209,243

214,445

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

22,632

22,632

Hire purchase contracts

24,412

-

Trade creditors

7,044

3,144

Tax

23,865

19,079

Social security and other taxes

65,245

46,541

Wages payable

1

1

Pension creditor

4,023

1,210

Advance from factor

-

84,985

Directors' current accounts

2,148

-

Residents' expenses

1,063

560

150,433

178,152

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

80,283

105,048

Bank loans - 2-5 years

145,643

-

Hire purchase contracts

78,647

-

304,573

105,048

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

D W Jones

Balance outstanding at start of year

35,585

15,904

Amounts advanced

25,795

35,681

Amounts repaid

(61,500

)

(16,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(120

)

35,585

R Herbert

Balance outstanding at start of year

36,476

15,660

Amounts advanced

13,001

36,516

Amounts repaid

(51,500

)

(15,700

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,023

)

36,476

D Herbert

Balance outstanding at start of year

34,495

16,677

Amounts advanced

20,500

34,518

Amounts repaid

(55,000

)

(16,700

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(5

)

34,495