Enhance Healthcare Deanston Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC539203 (Scotland)

Unaudited Financial Statements

for the Year Ended

30 December 2018

for

ENHANCE HEALTHCARE DEANSTON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

M Singh

P G Mcniven

REGISTERED OFFICE:

Barncluith Business Centre

Townhead Street

Hamilton

ML3 7DP

REGISTERED NUMBER:

SC539203 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

BANKERS:

The Royal Bank of Scotland

339 Byres Road

Glasgow

G12 8QP

FIXED ASSETS

Intangible assets

4

118,750

133,750

Tangible assets

5

1,046,422

1,076,518

1,165,172

1,210,268

CURRENT ASSETS

Debtors

6

174,379

168,818

Cash at bank and in hand

-

9,960

174,379

178,778

CREDITORS

Amounts falling due within one year

7

(208,232

)

(199,860

)

NET CURRENT LIABILITIES

(33,853

)

(21,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,131,319

1,189,186

CREDITORS

Amounts falling due after more than one year

8

(667,555

)

(709,635

)

PROVISIONS FOR LIABILITIES

(4,343

)

(1,674

)

NET ASSETS

459,421

477,877

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

10

481,786

481,786

Retained earnings

(22,367

)

(3,911

)

SHAREHOLDERS' FUNDS

459,421

477,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2018 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 applicable to companies subject to the small companies regime.

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 27 September 2019 and were signed on its behalf by:

M Singh - Director

1.	STATUTORY INFORMATION

Enhance Healthcare Deanston Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

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

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at

cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

4% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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

the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2017 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 December 2017

and 30 December 2018

150,000

AMORTISATION

At 31 December 2017

16,250

Charge for year

15,000

At 30 December 2018

31,250

NET BOOK VALUE

At 30 December 2018

118,750

At 30 December 2017

133,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 31 December 2017

1,100,000

2,636

13,039

Additions

11,640

-

8,550

At 30 December 2018

1,111,640

2,636

21,589

DEPRECIATION

At 31 December 2017

44,000

176

1,891

Charge for year

44,078

492

3,299

At 30 December 2018

88,078

668

5,190

NET BOOK VALUE

At 30 December 2018

1,023,562

1,968

16,399

At 30 December 2017

1,056,000

2,460

11,148

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 31 December 2017

9,000

501

1,125,176

Additions

-

-

20,190

At 30 December 2018

9,000

501

1,145,366

DEPRECIATION

At 31 December 2017

2,438

153

48,658

Charge for year

2,250

167

50,286

At 30 December 2018

4,688

320

98,944

NET BOOK VALUE

At 30 December 2018

4,312

181

1,046,422

At 30 December 2017

6,562

348

1,076,518

Cost or valuation at 30 December 2018 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Valuation in 2016

481,786

-

-

Cost

629,854

2,636

21,589

1,111,640

2,636

21,589

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2016

-

-

481,786

Cost

9,000

501

663,580

9,000

501

1,145,366

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST OR VALUATION

At 31 December 2017

and 30 December 2018

9,000

DEPRECIATION

At 31 December 2017

2,438

Charge for year

2,250

At 30 December 2018

4,688

NET BOOK VALUE

At 30 December 2018

4,312

At 30 December 2017

6,562

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

43,734

46,565

Inter-company loans

71,828

78,328

Directors' current accounts

3,550

3,550

Prepayments and accrued income

55,267

40,375

174,379

168,818

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

111,452

43,240

Inter company loans

16,131

10,625

Hire purchase contracts

-

3,438

Trade creditors

17,266

61,127

Tax

10,066

7,000

Social security and other taxes

9,296

22,743

Directors' current accounts

2,520

2,520

Accrued expenses

41,501

49,167

208,232

199,860

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans - 1-2 years

43,240

43,240

Bank loans - 2-5 years

129,720

129,720

Bank loans more 5 yr by instal

494,595

536,675

667,555

709,635

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

494,595

536,675

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

710,795

752,875

The bank loan & overdraft are secured by:

- A bond & floating charge over the company assets

- An inter-company guarantee (including standard security over the care homes)

10.

RESERVES

Fair

value

reserve

£

At 31 December 2017

and 30 December 2018

481,786

11.	RELATED PARTY DISCLOSURES

Inter-company loans payable total £16,131. (2017 - £10,625).

Inter-company loans receivable total £71,828 (2017 - £78,328).

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Enhance Healthcare Deanston Ltd for the year ended 30 December 2018 which comprise

the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Enhance Healthcare Deanston Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Enhance Healthcare Deanston Ltd and state those matters that we have agreed to state to the Board of Directors of Enhance Healthcare Deanston Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Enhance Healthcare Deanston 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 loss of Enhance Healthcare Deanston Ltd. You consider that Enhance Healthcare Deanston 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 Enhance Healthcare Deanston 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.

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

27 September 2019