PHEMACARE LTD - Filleted accounts

PHEMACARE LTD - Filleted accounts

PHEMACARE LTD - Company Information

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Registered number
07476916
PHEMACARE LTD
Filleted Accounts
31 December 2018
PHEMACARE LTD
Registered number: 07476916
Balance Sheet
as at 31 December 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 13,368 12,107
Current assets
Debtors 3 78,819 65,610
Cash at bank and in hand 32,845 21,132
111,664 86,742
Creditors: amounts falling due within one year 4 (57,227) (61,897)
Net current assets 54,437 24,845
Net assets 67,805 36,952
Capital and reserves
Called up share capital 1 1
Profit and loss account 67,804 36,951
Shareholders' funds 67,805 36,952
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Morenikeji Dawud
Director
Approved by the board on 6 March 2019
PHEMACARE LTD
Notes to the Accounts
for the year ended 31 December 2018
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2018 15,958 5,700 21,658
Additions 3,755 - 3,755
At 31 December 2018 19,713 5,700 25,413
Depreciation
At 1 January 2018 6,321 3,230 9,551
Charge for the year 2,009 485 2,494
At 31 December 2018 8,330 3,715 12,045
Net book value
At 31 December 2018 11,383 1,985 13,368
At 31 December 2017 9,637 2,470 12,107
3 Debtors 2018 2017
£ £
Trade debtors 78,819 65,610
4 Creditors: amounts falling due within one year 2018 2017
£ £
Corporation tax (7,369) 4,054
Other taxes and social security costs 48,931 39,878
Other creditors 15,665 17,965
57,227 61,897
5 Controlling party
The company is controlled by the director who owns 100% of the called up share capital.
6 Other information
PHEMACARE LTD is a private company limited by shares and incorporated in England. Its registered office is:
276 Monument Road
Birmingham
West Midlands
B16 8XF
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