L & R Buchanan Care Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09546839 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2019

for

L & R Buchanan Care Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Buchanan

Mrs L Buchanan

SECRETARY:

Mrs L Buchanan

REGISTERED OFFICE:

First Floor,

Canolfan Gorseinon Centre

Millers Drive, Gorseinon

Swansea

West Glamorgan

SA4 4QN

REGISTERED NUMBER:

09546839 (England and Wales)

ACCOUNTANTS:

C L James Accountants

Plas Mefys

Berry

Scurlage

Swansea

West Glamorgan

SA3 1BB

FIXED ASSETS

Intangible assets

4

16,000

18,400

Tangible assets

5

2,876

3,834

18,876

22,234

CURRENT ASSETS

Debtors

6

30,172

12,406

Cash at bank and in hand

2,212

6,125

32,384

18,531

CREDITORS

Amounts falling due within one year

7

12,976

12,185

NET CURRENT ASSETS

19,408

6,346

TOTAL ASSETS LESS CURRENT LIABILITIES

38,284

28,580

CREDITORS

Amounts falling due after more than one year

8

72,900

70,300

NET LIABILITIES

(34,616

)

(41,720

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(34,618

)

(41,722

)

(34,616

)

(41,720

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15th April 2019 and were signed on its behalf by:

Mrs L Buchanan - Director

1.	STATUTORY INFORMATION

L & R Buchanan Care 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible asset - kare plus licence

Kare Plus Licence initially measured at cost. After initial recognition, intangible assets are measured at cost

less accumulated amortisation and any accumulated impairment losses and revaluations.

Licences are amortised over their useful life of 10 years

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 etc

-

20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on a 'going concern' basis. The Directors will continue to support the

company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2018 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2018

and 31st March 2019

48,000

AMORTISATION

At 1st April 2018

29,600

Charge for year

2,400

At 31st March 2019

32,000

NET BOOK VALUE

At 31st March 2019

16,000

At 31st March 2018

18,400

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2018

and 31st March 2019

4,792

DEPRECIATION

At 1st April 2018

958

Charge for year

958

At 31st March 2019

1,916

NET BOOK VALUE

At 31st March 2019

2,876

At 31st March 2018

3,834

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/19

31/3/18

£

£

Trade debtors

28,272

10,506

Other debtors

1,900

1,900

30,172

12,406

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/19

31/3/18

£

£

Trade creditors

12,961

10,480

Taxation and social security

15

1,705

12,976

12,185

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/19

31/3/18

£

£

Other creditors

72,900

70,300

9.	RELATED PARTY DISCLOSURES