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Registration number: 07527804

Silver Lining Care Services Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Silver Lining Care Services Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Silver Lining Care Services Limited

Company Information

Directors | V J McGlade S McGlade M McGlade

Registered office | Units 1-3 Yeo Business Park Axehayes Farm Clyst St Mary Devon EX5 1DP

Accountants | Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Silver Lining Care Services Limited

(Registration number: 07527804)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 29,469 | 34,380
Tangible assets | 6 | 46,400 | 79,138
|  | 75,869 | 113,518
Current assets |  |  |
Debtors | 7 | 456,029 | 432,860
Cash at bank and in hand |  | 381,124 | 442,704
|  | 837,153 | 875,564
Creditors: Amounts falling due within one year | 8 | (293,097) | (316,090)
Net current assets |  | 544,056 | 559,474
Total assets less current liabilities |  | 619,925 | 672,992
Creditors: Amounts falling due after more than one year | 8 | (1,847) | (12,099)
Provisions for liabilities |  | (7,286) | (12,621)
Net assets |  | 610,792 | 648,272
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 610,790 | 648,270
Shareholders' funds |  | 610,792 | 648,272

For the financial 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Silver Lining Care Services Limited

(Registration number: 07527804)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 6 November 2025 and signed on its behalf by:

.........................................

M McGlade

Director

Silver Lining Care Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 1-3 Yeo Business Park
Axehayes Farm
Clyst St Mary
Devon
EX5 1DP
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company.

Group accounts not prepared

The company and its parent company qualify as small as set out in section 383 of the Companies Act. Therefore, the company and the group are considered eligible for the exemption from preparing group accounts as determined by reference to sections 384 and 399(2A) of the Companies Act..

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Silver Lining Care Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer Equipment | 33% Reducing balance
Office Equipment | 15% Reducing balance
Motor Vehicles | 25% Straight line
Leasehold improvements | 10% Straight line

Intangible assets

Franchise Fee
Franchise fees, paid to Home Instead Senior Care UK Ltd, are amortised evenly over the term of the franchise agreement of ten years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Franchise Fee | 10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Silver Lining Care Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Silver Lining Care Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 124 (2024 - 122).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 17,820 | 31,511
Amortisation expense | 4,911 | 4,911

5 | Intangible assets

| Franchise Fee £ | Total £
Cost or valuation
At 1 April 2024 | 78,291 | 78,291
At 31 March 2025 | 78,291 | 78,291
Amortisation
At 1 April 2024 | 43,911 | 43,911
Amortisation charge | 4,911 | 4,911
At 31 March 2025 | 48,822 | 48,822
Carrying amount
At 31 March 2025 | 29,469 | 29,469
At 31 March 2024 | 34,380 | 34,380

Silver Lining Care Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Tangible assets

| Leasehold improvements £ | Computer equipment £ | Motor vehicles £ | Office equipment £ | Total £
Cost or valuation
At 1 April 2024 | 2,605 | 114,763 | 50,598 | 101,296 | 269,262
Additions | - | 5,506 | - | 6,531 | 12,037
Disposals | - | (78,846) | - | (52,907) | (131,753)
At 31 March 2025 | 2,605 | 41,423 | 50,598 | 54,920 | 149,546
Depreciation
At 1 April 2024 | 761 | 91,247 | 43,061 | 55,055 | 190,124
Charge for the year | 261 | 5,603 | 6,920 | 5,036 | 17,820
Eliminated on disposal | - | (69,399) | - | (35,399) | (104,798)
At 31 March 2025 | 1,022 | 27,451 | 49,981 | 24,692 | 103,146
Carrying amount
At 31 March 2025 | 1,583 | 13,972 | 617 | 30,228 | 46,400
At 31 March 2024 | 1,844 | 23,516 | 7,537 | 46,241 | 79,138

Silver Lining Care Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 220,922 | 185,922
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 11 | 228,363 | 228,329
Other debtors |  | 819 | 12,169
Prepayments and accrued income |  | 5,925 | 6,440
Total current trade and other debtors |  | 456,029 | 432,860

8 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 9,820 | 9,567
Trade creditors |  | 8,588 | 13,473
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 11 | 2,658 | -
Taxation and social security |  | 62,955 | 100,195
Other creditors |  | 165,178 | 186,214
Accrued expenses |  | 43,898 | 6,641
|  | 293,097 | 316,090

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 1,847 | 12,099

Silver Lining Care Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 9,820 | 9,567

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 1,847 | 12,099

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £49,621 (2024 - £57,500), of which £40,015 (2024 - £28,750) is due within a year.

11 | Related party transactions

Transactions with directors

2025 | Advances to directors £ | Repayments by director £ | At 31 March 2025 £
Director 1 loan - repayable on demand | 25,937 | (25,937) | -
Director 2 loan - repayable on demand | 25,937 | (25,937) | -

2024 | Advances to directors £ | Repayments by director £ | At 31 March 2024 £
Director 1 loan - repayable on demand | 9,473 | (9,473) | -
Director 2 loan - repayable on demand | 9,473 | (9,473) | -