GSD_CARE_LIMITED - Accounts

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GSD Care Limited for the year ended 30 November 2013 set out on pages 3 to 9 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of GSD Care Limited, as a body, in accordance with the terms of our engagement letter dated 12 February 2010. Our work has been undertaken solely to prepare for your approval the financial statements of GSD Care Limited and state those matters that we have agreed to state to the Board of Directors of GSD Care Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GSD Care Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that GSD Care Limited 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 profit of GSD Care Limited. You consider that GSD Care Limited 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 GSD Care Limited. 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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Fixed asset investments are stated at cost less provision for diminution in value.

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006  not to prepare group accounts.

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Total amounts repayable by instalments which are due in more than five years

The aggregate amount of creditors for which security has been given amounted to £714,174 (2012 - £734,613).

The Ordinary 'A' and Ordinary 'B' shares rank in pari passu in all aspects except in declaration of dividends, whereby one class shall not compel a dividend at the same rate to be declared for any other class of shares.