TOB Care Ltd 31/12/2018 iXBRL

TOB Care Ltd 31/12/2018 iXBRL

NORTHWOOD COMPLEX CARE LTD - Company Information

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31/12/2018 2018-12-31 false false false false false false false false false false true false false true false false false false false true false false No description of principal activities is disclosed 2018-01-01 Sage Accounts Production 18.30 Update 1 - FRS xbrli:pure xbrli:shares iso4217:GBP 10431265 2018-01-01 2018-12-31 10431265 2018-12-31 10431265 2017-12-31 10431265 2017-01-01 2017-12-31 10431265 2017-12-31 10431265 core:FurnitureFittingsToolsEquipment 2018-01-01 2018-12-31 10431265 core:NetGoodwill 2018-01-01 2018-12-31 10431265 bus:RegisteredOffice 2018-01-01 2018-12-31 10431265 bus:OrdinaryShareClass1 2018-01-01 2018-12-31 10431265 bus:LeadAgentIfApplicable 2018-01-01 2018-12-31 10431265 bus:Director1 2018-01-01 2018-12-31 10431265 bus:Director2 2018-01-01 2018-12-31 10431265 core:NetGoodwill 2017-12-31 10431265 core:NetGoodwill 2018-12-31 10431265 core:LandBuildings core:OwnedOrFreeholdAssets 2017-12-31 10431265 core:FurnitureFittingsToolsEquipment 2017-12-31 10431265 core:LandBuildings core:OwnedOrFreeholdAssets 2018-12-31 10431265 core:FurnitureFittingsToolsEquipment 2018-12-31 10431265 core:WithinOneYear 2018-12-31 10431265 core:WithinOneYear 2017-12-31 10431265 core:AfterOneYear 2018-12-31 10431265 core:AfterOneYear 2017-12-31 10431265 core:ShareCapital 2018-12-31 10431265 core:ShareCapital 2017-12-31 10431265 core:RetainedEarningsAccumulatedLosses 2018-12-31 10431265 core:RetainedEarningsAccumulatedLosses 2017-12-31 10431265 bus:OrdinaryShareClass1 core:ShareCapital 2018-12-31 10431265 bus:OrdinaryShareClass1 core:ShareCapital 2017-12-31 10431265 core:DeferredTaxation 2018-01-01 2018-12-31 10431265 core:LandBuildings core:OwnedOrFreeholdAssets 2018-01-01 2018-12-31 10431265 core:NetGoodwill 2017-12-31 10431265 core:AcceleratedTaxDepreciationDeferredTax 2018-12-31 10431265 core:AcceleratedTaxDepreciationDeferredTax 2017-12-31 10431265 core:LandBuildings core:OwnedOrFreeholdAssets 2017-12-31 10431265 core:FurnitureFittingsToolsEquipment 2017-12-31 10431265 core:DeferredTaxation 2017-12-31 10431265 core:DeferredTaxation 2018-12-31 10431265 bus:SmallEntities 2018-01-01 2018-12-31 10431265 bus:AuditExemptWithAccountantsReport 2018-01-01 2018-12-31 10431265 bus:FullAccounts 2018-01-01 2018-12-31 10431265 bus:SmallCompaniesRegimeForAccounts 2018-01-01 2018-12-31 10431265 bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31
Company registration number: 10431265
TOB Care Ltd
Unaudited filleted financial statements
31 December 2018
TOB Care Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
TOB Care Ltd
Directors and other information
Directors Timothy Ogunleye
Susan Da Silva
Company number 10431265
Registered office 23 Marsham Way
Gerrards Cross
South Bucks
SL9 8AB
Business address 206 Preston New Road
Blackburn
BB2 6PN
Accountants Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY
Bankers The Royal Bank of Scotland plc
41 Cornmarket
Derby
DE1 2DG
TOB Care Ltd
Accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of TOB Care Ltd
Year ended 31 December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TOB Care Ltd for the year ended 31 December 2018 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of The Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.co.uk.
This report is made solely to the board of directors of TOB Care Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of TOB Care Ltd and state those matters that we have agreed to state to the board of directors of TOB Care Ltd as a body, in this report in accordance with the requirements of The Association of Chartered Certified Accountants as detailed at www.accaglobal.co.uk. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TOB Care Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that TOB Care 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 profit of TOB Care Ltd. You consider that TOB Care 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 TOB Care 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.
Leach Briely
Accountants
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY
29 May 2019
TOB Care Ltd
Statement of financial position
31 December 2018
31/12/18 31/12/17
Note £ £ £ £
Fixed assets
Intangible assets 5 11,668 13,126
Tangible assets 6 910,703 917,114
_______ _______
922,371 930,240
Current assets
Stocks 2,500 2,500
Debtors 7 85,521 41,720
Cash at bank and in hand 58,700 82,515
_______ _______
146,721 126,735
Creditors: amounts falling due
within one year 8 ( 600,844) ( 560,911)
_______ _______
Net current liabilities ( 454,123) ( 434,176)
_______ _______
Total assets less current liabilities 468,248 496,064
Creditors: amounts falling due
after more than one year 9 ( 414,309) ( 445,292)
Provisions for liabilities 10 ( 3,420) ( 4,275)
_______ _______
Net assets 50,519 46,497
_______ _______
Capital and reserves
Called up share capital 12 2 2
Profit and loss account 50,517 46,495
_______ _______
Shareholders funds 50,519 46,497
_______ _______
For the year ending 31 December 2018 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 May 2019 , and are signed on behalf of the board by:
Susan Da Silva
Director
Company registration number: 10431265
TOB Care Ltd
Notes to the financial statements
Year ended 31 December 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 23 Marsham Way, Gerrards Cross, South Bucks, SL9 8AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of residential retirement nursing home fees receivable by the company during the year.
Taxation
Tax taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income. Current tax is recognised on taxable profit for the current period. Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Goodwill
Goodwill is written off in equal instalments over the estimated useful economic life of 10 years.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - over 50 years
Fixture, fittings and equipments - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at cost.
Provisions
Deferred tax is recognised in respect of all timing differences that have originated but not yet reserved at the balance sheet where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at tax rates that are expected to apply in the periods which timing differences reverse, on tax rates and laws enacted or substantively enacted at the balance sheet date.
Defined contribution plans
The pension cost charged in the financial statements represents the contribution payable by the company during the period.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 30 (2017: 29 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 January 2018 and 31 December 2018 14,584 14,584
_______ _______
Amortisation
At 1 January 2018 1,458 1,458
Charge for the year 1,458 1,458
_______ _______
At 31 December 2018 2,916 2,916
_______ _______
Carrying amount
At 31 December 2018 11,668 11,668
_______ _______
At 31 December 2017 13,126 13,126
_______ _______
6. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 January 2018 and 31 December 2018 895,568 25,002 920,570
_______ _______ _______
Depreciation
At 1 January 2018 956 2,500 3,456
Charge for the year 1,911 4,500 6,411
_______ _______ _______
At 31 December 2018 2,867 7,000 9,867
_______ _______ _______
Carrying amount
At 31 December 2018 892,701 18,002 910,703
_______ _______ _______
At 31 December 2017 894,612 22,502 917,114
_______ _______ _______
7. Debtors
31/12/18 31/12/17
£ £
Trade debtors 76,527 36,885
Other debtors 8,994 4,835
_______ _______
85,521 41,720
_______ _______
8. Creditors: amounts falling due within one year
31/12/18 31/12/17
£ £
Other loans 367,429 371,070
Trade creditors 50,006 12,386
Corporation tax 2,589 7,385
Social security and other taxes 8,209 8,622
Other creditors 172,611 161,448
_______ _______
600,844 560,911
_______ _______
9. Creditors: amounts falling due after more than one year
31/12/18 31/12/17
£ £
Other loans 414,309 445,292
_______ _______
The Bank loan is repayable by monthly instalments until June 2037. Repayments due after 31st December 2023 amount to £297,977. The Bank loan is secured by a first legal charge over the freehold land and buildings of the company.
10. Provisions
Deferred tax (note 11) Total
£ £
At 1 January 2018 4,275 4,275
Charges against provisions ( 855) ( 855)
_______ _______
At 31 December 2018 3,420 3,420
_______ _______
11. Deferred tax
The deferred tax included in the statement of financial position is as follows:
31/12/18 31/12/17
£ £
Included in provisions (note 10) 3,420 4,275
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
31/12/18 31/12/17
£ £
Accelerated capital allowances 3,420 4,275
_______ _______
12. Called up share capital
Issued, called up and fully paid
31/12/18 31/12/17
No £ No £
Ordinary shares of £ 1.00 each 2 2 2 2
_______ _______ _______ _______