Supporting Independence Outreach Service - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10115962 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Supporting Independence Outreach

Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

J Lambert

REGISTERED OFFICE:

c/o Tindle's LLP, Medway House

Fudan Way

Teesdale Business Park

Stockton-on-Tees

TS17 6EN

BUSINESS ADDRESS:

Unit 31

Hartlepool Enterprise Centre

Brougham Terrace

Hartlepool

Cleveland

TS24 8EY

REGISTERED NUMBER:

10115962 (England and Wales)

ACCOUNTANTS:

Tindle's LLP

Chartered Accountants and Business Advisers

Medway House

Fudan Way

Teesdale Business Park

Stockton on Tees

TS17 6EN

FIXED ASSETS

Intangible assets

4

47,737

91,737

Tangible assets

5

1,679

2,497

49,416

94,234

CURRENT ASSETS

Debtors

6

187,762

144,719

Cash at bank and in hand

71,231

109,374

258,993

254,093

CREDITORS

Amounts falling due within one year

7

325,966

228,908

NET CURRENT (LIABILITIES)/ASSETS

(66,973

)

25,185

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,557

)

119,419

PROVISIONS FOR LIABILITIES

319

424

NET (LIABILITIES)/ASSETS

(17,876

)

118,995

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(17,976

)

118,895

SHAREHOLDERS' FUNDS

(17,876

)

118,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 30 April 2021 and were signed by:

J Lambert - Director

1.	STATUTORY INFORMATION

Supporting Independence Outreach Services 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.

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.

GOING CONCERN

In the wake of the Coronavirus outbreak in early 2020, the director is continuously revising the company's business continuity plans to take account of the UK government's ongoing announcements. The director considers that it is appropriate to prepare the financial statements on a going concern basis and in assessing going concern, the director has considered a period of 12 months from the date of approval of these financial statements.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Plant and machinery

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2019 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2019

and 30 April 2020

220,000

AMORTISATION

At 1 May 2019

128,263

Charge for year

44,000

At 30 April 2020

172,263

NET BOOK VALUE

At 30 April 2020

47,737

At 30 April 2019

91,737

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

and 30 April 2020

3,276

DEPRECIATION

At 1 May 2019

779

Charge for year

818

At 30 April 2020

1,597

NET BOOK VALUE

At 30 April 2020

1,679

At 30 April 2019

2,497

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

148,809

128,941

Other debtors

38,953

15,778

187,762

144,719

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

13,781

2,649

Taxation and social security

208,978

153,621

Other creditors

103,207

72,638

325,966

228,908

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £246 (2019: £246).

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Supporting Independence Outreach Services Ltd for the year ended 30 April 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Supporting Independence Outreach Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Supporting Independence Outreach Services Ltd and state those matters that we have agreed to state to the director of Supporting Independence Outreach Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Supporting Independence Outreach Services Ltd and its director for our work or for this report.

It is your duty to ensure that Supporting Independence Outreach Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Supporting Independence Outreach Services Ltd. You consider that Supporting Independence Outreach Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Supporting Independence Outreach Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tindle's LLP

Chartered Accountants and Business Advisers

Medway House

Fudan Way

Teesdale Business Park

Stockton on Tees

TS17 6EN

30 April 2021