Salvere Support Ltd

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—8

	Share Capital	Capital Redemption	Profit and Loss Account	Total
	£	£	£	£
As at 1 April 2023	100	1	344,647	344,748
Profit for the year and total comprehensive income	-	-	892,219	892,219

Dividends paid	-	-	(470,000)	(470,000)

As at 31 March 2024	100	1	766,866	766,967


As at 1 April 2024 as previously stated	100	1	1,450,096	1,450,197
Prior year adjustment	-	-	(683,230 )	(683,230 )

As at 1 April 2024 as restated	100	1	766,866	766,967
766,866

Profit for the year and total comprehensive income	-	-	444,710	444,710

Dividends paid	-	-	(1,055,000)	(1,055,000)
Arising on shares issued during the period	100	-	-	100

As at 31 March 2025	200	1	156,576	156,777

1. General Information

Salvere Support Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11886544 . The registered office is 129 Woodplumpton Road, Fulwood, Preston, PR2 3LF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Amortisation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer software 25% on cost

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33.3% on cost and 25% WDV

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Salvere Support Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Investments

Investments in subsidiaries and unlisted investments are initially recognised at cost, which represents the fair value of the consideration given, including any directly attributable transaction costs.

Subsequent to initial recognition, unlisted investments are measured at cost less impairment, as reliable fair value measurement may not be available for such investments. The carrying value of the investments is reviewed for indicators of impairment at each reporting date. Where evidence of impairment exists, the carrying value of the investment is reduced to its recoverable amount, and the impairment loss is recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 248 (2024: 237)

4. Prior Period Adjustment

During the year the directors identified a material prior period error. Surpluses arising on service users’ case accounts had previously been recognised as income. These surpluses should have been treated as liabilities until applied for the benefit of those service users.

The error has been corrected by restating the prior year figures. The effect of the restatement is summarised below:

Impact on the profit and loss account for the year ended 31 March 2024:

Turnover reduced by £910,973

Profit before tax reduced by £910,973

Corporation tax charge reduced by £227,743

Profit after tax reduced by £683,230

Impact on the balance sheet as at 31 March 2024:

Creditors: amounts falling due within one year reduced by £227,743

Creditors: amounts falling due after more than one year increased by £910,973

Net assets reduced by £683,230

The comparative amounts presented in these financial statements have been restated accordingly.

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Salvere Support Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	23,062

As at 31 March 2025	23,062

Amortisation
As at 1 April 2024	3,767
Provided during the period	5,765

As at 31 March 2025	9,532

Net Book Value
As at 31 March 2025	13,530

As at 1 April 2024	19,295

6. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	7,995
Additions	1,895

As at 31 March 2025	9,890

Depreciation
As at 1 April 2024	6,292
Provided during the period	1,666

As at 31 March 2025	7,958

Net Book Value
As at 31 March 2025	1,932

As at 1 April 2024	1,703

7. Investments

	Subsidiaries	Unlisted	Total
	£	£	£
Cost
As at 1 April 2024	-	2,500	2,500
Additions	100	-	100

As at 31 March 2025	100	2,500	2,600

Provision
As at 1 April 2024	-	-	-

As at 31 March 2025	-	-	-

Net Book Value
As at 31 March 2025	100	2,500	2,600

As at 1 April 2024	-	2,500	2,500

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Salvere Support Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	1,061,446	223,272
Amounts owed by group undertakings	97,284	-
Other debtors	267,027	75,888

	1,425,757	299,160

9. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	-	4,850
Other creditors	505,745	786,208
Taxation and social security	121,967	397,904

	627,712	1,188,962

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024 as restated
	£	£
Other creditors	2,097,267	910,973

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024 as restated
	£	£
Other timing differences	483	426

12. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	200	100

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024 as restated
	£	£
Not later than one year	22,365	6,161
Later than one year and not later than five years	26,169	6,674

	48,534	12,835

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Salvere Support Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

14. Pension Commitments

The company operates a defined contribution pension scheme for the employees of the company.

The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £5,779 (2024 - £2,365) were due to the fund.

They are included in Other Creditors.

15. Related Party Transactions

The company provides management services to Salvere Support Enterprise CIC which is a whooly owned subsidiary.

The amount due from Salvere Support Enterprise CIC at the balance sheet date was £97,284 (2024 - £74,988)

16. Controlling Party

The company is controlled by the directors by virtue of their owning 90% of the issued share capital.

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		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		13,530		19,295
Tangible Assets	6		1,932		1,703
Investments	7		2,600		2,500

			18,062		23,498
CURRENT ASSETS
Debtors	8	1,425,757		299,160
Cash at bank and in hand		1,438,420		2,544,670

		2,864,177		2,843,830
Creditors: Amounts Falling Due Within One Year	9	(627,712 )		(1,188,962 )

NET CURRENT ASSETS (LIABILITIES)			2,236,465		1,654,868

TOTAL ASSETS LESS CURRENT LIABILITIES			2,254,527		1,678,366

Creditors: Amounts Falling Due After More Than One Year	10		(2,097,267 )		(910,973 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(483 )		(426 )

NET ASSETS			156,777		766,967

CAPITAL AND RESERVES
Called up share capital	12		200		100
Capital redemption reserve			1		1
Profit and Loss Account			156,576		766,866

SHAREHOLDERS' FUNDS			156,777		766,967

Mr Stephen Frederick George Sloss Director	Mrs Louise Anne Turner-Hope Director
1 September 2025