REGISTERED NUMBER: 04958747 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SAMILY CARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Bleach

Mrs C A Bleach

SECRETARY:

Mrs C A Bleach

REGISTERED OFFICE:

32 The Square

Gillingham

Dorset

SP8 4AR

REGISTERED NUMBER:

04958747 (England and Wales)

ACCOUNTANTS:

Andrews and Palmer

Chartered Accountants

32 The Square

Gillingham

Dorset

SP8 4AR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,218,588

1,155,541

Investments

6

100

100

Investment property

7

735,000

735,000

1,953,688

1,890,641

CURRENT ASSETS

Stocks

8,000

6,000

Debtors

8

246,657

264,782

Cash at bank and in hand

337,980

389,803

592,637

660,585

CREDITORS

Amounts falling due within one year

9

344,156

309,210

NET CURRENT ASSETS

248,481

351,375

TOTAL ASSETS LESS CURRENT LIABILITIES

2,202,169

2,242,016

CREDITORS

Amounts falling due after more than one year

10

(1,082,221

)

(1,085,659

)

PROVISIONS FOR LIABILITIES

(135,640

)

(127,487

)

NET ASSETS

984,308

1,028,870

CAPITAL AND RESERVES

Called up share capital

12

100

100

Freehold property revaluation reserve

13

151,952

151,952

Fair value reserve

13

102,152

102,152

Retained earnings

13

730,104

774,666

SHAREHOLDERS' FUNDS

984,308

1,028,870

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 26 September 2025 and were signed on its behalf by:

M A Bleach - Director

1.	STATUTORY INFORMATION

Samily Care Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is recognised in the period in which the goods are dispatched or the service is performed.

Goodwill

Goodwill is the amount paid in accordance with the acquisition of a business in 2004. Although the Directors believe there has been no diminution in the goodwill, goodwill is to be amortised over the remaining 20 year period in accordance with FRS 102 1A.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The fair value movement and the deferred tax movement on the fair value gain or loss is then moved out of retained earnings into the fair value reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 53 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

284,000

AMORTISATION

At 1 January 2024

and 31 December 2024

284,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

980,306

14,868

333,309

Additions

1,733

-

40,662

At 31 December 2024

982,039

14,868

373,971

DEPRECIATION

At 1 January 2024

27,462

10,885

266,834

Charge for year

2,795

995

26,618

At 31 December 2024

30,257

11,880

293,452

NET BOOK VALUE

At 31 December 2024

951,782

2,988

80,519

At 31 December 2023

952,844

3,983

66,475

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

189,025

36,072

1,553,580

Additions

76,846

4,568

123,809

At 31 December 2024

265,871

40,640

1,677,389

DEPRECIATION

At 1 January 2024

66,117

26,741

398,039

Charge for year

27,231

3,123

60,762

At 31 December 2024

93,348

29,864

458,801

NET BOOK VALUE

At 31 December 2024

172,523

10,776

1,218,588

At 31 December 2023

122,908

9,331

1,155,541

Included in cost of land and buildings is freehold land of £ 702,500 (2023 - £ 702,500 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

189,025

Additions

76,846

At 31 December 2024

265,871

DEPRECIATION

At 1 January 2024

66,117

Charge for year

27,231

At 31 December 2024

93,348

NET BOOK VALUE

At 31 December 2024

172,523

At 31 December 2023

122,908

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

735,000

NET BOOK VALUE

At 31 December 2024

735,000

At 31 December 2023

735,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2020

8,270

Valuation in 2021

32,933

Valuation in 2022

35,000

Valuation in 2023

60,000

Cost

598,797

735,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

347

18,673

Other debtors

246,310

246,109

246,657

264,782

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

33,125

40,868

Hire purchase contracts (see note 11)

62,542

28,671

Trade creditors

39,527

27,363

Taxation and social security

121,707

118,560

Other creditors

87,255

93,748

344,156

309,210

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

943,510

961,332

Hire purchase contracts (see note 11)

138,611

124,227

Other creditors

100

100

1,082,221

1,085,659

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

419,930

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

62,542

28,671

Between one and five years

138,611

124,227

201,153

152,898

Non-cancellable operating

leases

31.12.24

31.12.23

£

£

Within one year

10,790

9,160

Between one and five years

37,457

29,722

In more than five years

-

3,406

48,247

42,288

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Freehold

property

Fair

Retained

revaluation

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 January 2024

774,666

151,952

102,152

1,028,770

Profit for the year

131,438

131,438

Dividends

(176,000

)

(176,000

)

At 31 December 2024

730,104

151,952

102,152

984,208

14.	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

£

£

M A Bleach and Mrs C A Bleach

Balance outstanding at start of year

189,014

188,644

Amounts advanced

119,190

72,312

Amounts repaid

(118,720

)

(71,942

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

189,484

189,014

Amounts outstanding are repayable on demand. Interest at 2.25% per annum is being charged by the company on the loan to the directors.

15.	RELATED PARTY DISCLOSURES

During the year the company paid rent to the directors of £26,600 (2023:£26,600). There is no formal lease agreement.

16.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M A and Mrs C A Bleach.

17.	SECURED LIABILITIES

Secured bank loans of £976,635 (2023: £1,002,200) are within creditors.

The bank loans are secured on freehold and investment property and the directors have given additional security in the form of the their own freehold property Denewood.

Secured hire purchase liabilities of £201,153 (2023: £152,898) are within creditors. The hire purchase liabilities are secured on the asset to which they relate.