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NORFOLK HEALTHCARE LIMITED - Company Information

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Draft

Norfolk Healthcare Limited

Registered Number:07448961

For the year ended 31 March 2019

England and Wales

Unaudited Financial Statements

Draft

For the year ended 31 March 2019

Norfolk Healthcare Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Draft

As at 31 March 2019

Norfolk Healthcare Limited

Statement of Financial Position

Registered Number :

07448961

2018

2019

Notes

Fixed assets

Property, plant and equipment

21,583

25,982

21,583

25,982

Current assets

Inventories

25,800

18,650

Trade and other receivables

85,747

94,270

148,388

Cash and cash equivalents

106,688

219,608

259,935

Trade and other payables: amounts falling due within one year

(199,369)

(198,523)

60,566

21,085

Net current assets

Total assets less current liabilities

42,668

86,548

Trade and other payables: amounts falling due after more than one

year

(41,639)

(32,110)

(2,580)

(3,083)

Provisions for liabilities

7,978

Net assets

41,826

Capital and reserves

Retained earnings

7,978

41,826

7,978

41,826

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Draft

For the year ended 31 March 2019

Norfolk Healthcare Limited

Statement of Financial Position Continued

Mansour Dadkhah Director

These financial statements were approved and authorised for issue by the Board on 10 September 2019 and were signed by:

The notes form part of these financial statements

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Draft

For the year ended 31 March 2019

Norfolk Healthcare Limited

Notes to the Financial Statements

Statutory Information

Norfolk Healthcare Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

07448961.

Registered address:

171 King Street

Gt Yarmouth

Norfolk

NR30 2PA

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial

statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

20 Reducing balance

Computer equipment

25 Reducing balance

Motor vehicles

20 Reducing balance

Fixtures and fittings

Inventories

Stocks 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 costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 March 2019

Norfolk Healthcare Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Cost or valuation

At 01 April 2018

52,392

491

21,962

29,939

2,037

Additions

At 31 March 2019

29,939

23,999

491

54,429

Provision for depreciation and impairment

At 01 April 2018

26,410

279

12,839

13,292

Charge for year

6,436

2,232

4,162

At 31 March 2019

32,846

321

15,071

17,454

At 31 March 2019

Net book value

12,485

8,928

170

21,583

At 31 March 2018

16,647

9,123

212

25,982

3. Inventories

2018

2019

Stocks

18,650

25,800

4. Trade and other receivables

2018

2019

Trade debtors

15,290

1,197

Other debtors

78,980

84,550

85,747

94,270

5. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

173,093

159,661

Taxation and social security

23,750

37,881

Other creditors

1,680

1,827

198,523

199,369

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For the year ended 31 March 2019

Norfolk Healthcare Limited

Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due after more than one year

2018

2019

Bank loans and overdraft (secured)

32,110

41,639

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