REGISTERED NUMBER: 10779251 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SILVERSTARS CARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs E Z Wiesner

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

10779251 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Tangible assets

4

41,132

46,005

CURRENT ASSETS

Debtors

5

283,247

176,113

Cash at bank and in hand

13,543

105,844

296,790

281,957

CREDITORS

Amounts falling due within one year

6

270,900

205,728

NET CURRENT ASSETS

25,890

76,229

TOTAL ASSETS LESS CURRENT LIABILITIES

67,022

122,234

CREDITORS

Amounts falling due after more than one year

7

(10,087

)

(14,440

)

PROVISIONS FOR LIABILITIES

(912

)

(912

)

NET ASSETS

56,023

106,882

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

55,923

106,782

56,023

106,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

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 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.

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 25 September 2025 and were signed by:

Mrs E Z Wiesner - Director

1.	STATUTORY INFORMATION

Silverstars 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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of property, plant and equipment are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings

25% on reducing balance

Computer equipment

25% on reducing balance

Motor vehicles

25% on reducing balance

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit or loss.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 under hire purchase or finance leases are capitalised and depreciated. Operating lease rentals are charged to profit or loss on a straight-line basis.

Operating leases are leases that do not transfer substantially all the risks and rewards of ownership to the company.

Lease payments are recognised as an expense on straight-line basis over the period of the lease. Contingent rents, such as amounts based on sales or usages are recognised as an expense in the period in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

73,118

-

8,990

-

82,108

Additions

-

2,779

-

5,558

8,337

At 30 September 2024

73,118

2,779

8,990

5,558

90,445

DEPRECIATION

At 1 October 2023

30,905

-

5,198

-

36,103

Charge for year

10,553

695

949

1,013

13,210

At 30 September 2024

41,458

695

6,147

1,013

49,313

NET BOOK VALUE

At 30 September 2024

31,660

2,084

2,843

4,545

41,132

At 30 September 2023

42,213

-

3,792

-

46,005

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2023

and 30 September 2024

8,990

DEPRECIATION

At 1 October 2023

5,198

Charge for year

949

At 30 September 2024

6,147

NET BOOK VALUE

At 30 September 2024

2,843

At 30 September 2023

3,792

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

129,073

65,952

Amounts owed by connected companies

42,988

-

Other debtors

111,186

110,161

283,247

176,113

During the year, the company has reclassified prior year balances previously presented as stock to accrued income within debtors. This reclassification better reflects the substance of the transactions. The reclassification has no impact on profit or net assets.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,000

6,000

Finance leases

-

3,059

Trade creditors

4,918

-

Taxation and social security

126,863

79,970

Other creditors

133,119

116,699

270,900

205,728

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,000

10,000

Finance leases

6,087

4,440

10,087

14,440

8.	RELATED PARTY DISCLOSURES