pinacle - Company Accounts (iXBRL 6.0.17)

Angel Carers (UK) Ltd

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2018

Company Registration Number - 06335256

SUTTLE & CO

Accountants

	1.
ANGEL CARERS (UK) LTD
COMPANY NUMBER - 06335256

Balance sheet as at 31 August 2018

			2018		2017
			----		----
	Notes	£	£	£	£

FIXED ASSETS

Tangible assets

4

44,362

59,149

Investments-Joint Property
Syndicates	5		590,000		465,600
			634,362		524,749

Current assets

Debtors

6

54,371

69,258

Cash at bank and in hand		55,036		74,516
		109,407		143,774

Current liabilities

Creditors - Amounts
falling due within one year	7	188,282		184,613
NET CURRENT LIABILITIES			(78,875)		(40,839)
Total assets less current liabilities			555,487		483,910

	2.
ANGEL CARERS (UK) LTD
COMPANY NUMBER - 06335256

Balance sheet as at 31 August 2018

			2018		2017
			----		----
	Notes		£		£

CAPITAL AND RESERVES

Called up share capital

8

2

2

Profit and loss account			555,485		483,908
Shareholders' funds			555,487		483,910

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 August 2018, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on05 May 2019
and signed on their behalf by:

F ROWE

The notes on pages 3 to 5 form an integral part of these accounts.

	3.
ANGEL CARERS (UK) LTD

Notes to the Financial Statements

For the year ended 31 August 2018

1. General Information

ANGEL CARERS (UK) LTD is a Private Company, limited by shares, domiciled in England and Wales, registration number 06335256.

The company's registered office is Unit 1, The Sidings, Victoria Avenue Ind Estate, Swanage, Dorset BH19 1AU.

2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 9.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 25% reducing balance

Fixtures and fittings - 25% reducing balance

Motor vehicles - 25% reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. Employees

The average number of persons employed by the company (including directors) during the year was 24 (2017 - 26).

	4.
ANGEL CARERS (UK) LTD

Notes to the Financial Statements

For the year ended 31 August 2018

4. Fixed assets - tangible

	Plant and
	Machinery
	etc.
Cost or valuation	£
At 01 September 2017	106,791
and 31 August 2018

Depreciation
At 01 September 2017	47,642
Charge for year	14,787
At 31 August 2018	(62,429)

Net book values
At 31 August 2018	44,362
At 01 September 2017	59,149

5. Investments in joint syndicates

£

Investment at 01 September 2017	590,000
	590,000
	590,000

	2018		2017
	----		----
	£		£
6. Debtors

Due within one year:
Trade debtors	54,371		69,258

7. Creditors

Amounts falling due within one year:
Trade creditors	105,340		80,444
Wages	34,310		32,725
Taxation and social security	40,297		34,096
Other creditors	8,335		37,348
	188,282		184,613

	5.
ANGEL CARERS (UK) LTD

Notes to the Financial Statements

For the year ended 31 August 2018

	2018		2017
	----		----
	£		£

8. Called up share capital

There was no change in share capital during the year.

Allotted, called up and fully paid
shares of £1 eachOrdinary	2		2

9. Impact of first year adoption of FRS102

The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.