Simms Care Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07502074 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

Simms Care Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs H A Simms

REGISTERED OFFICE:

Weltech Business Centre

Ridgeway

Welwyn Garden City

Hertfordshire

AL7 2AA

REGISTERED NUMBER:

07502074 (England and Wales)

ACCOUNTANTS:

Farrell & Co

1C Amberside

Wood Lane

Hemel Hempstead

Hertfordshire

HP2 4TP

FIXED ASSETS

Intangible assets

4

7,800

15,600

Tangible assets

5

6,707

8,670

14,507

24,270

CURRENT ASSETS

Debtors

6

39,751

48,828

Cash at bank

63,790

58,948

103,541

107,776

CREDITORS

Amounts falling due within one year

7

23,259

71,649

NET CURRENT ASSETS

80,282

36,127

TOTAL ASSETS LESS CURRENT LIABILITIES

94,789

60,397

PROVISIONS FOR LIABILITIES

574

794

NET ASSETS

94,215

59,603

CAPITAL AND RESERVES

Called up share capital

8

7

7

Retained earnings

9

94,208

59,596

SHAREHOLDERS' FUNDS

94,215

59,603

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

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 director acknowledges her 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 director on 11 December 2019 and were signed by:

Mrs H A Simms - Director

1.	STATUTORY INFORMATION

Simms Care Services Limited 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 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.

Franchise are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2018 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2018

and 31 March 2019

70,200

AMORTISATION

At 1 April 2018

54,600

Charge for year

7,800

At 31 March 2019

62,400

NET BOOK VALUE

At 31 March 2019

7,800

At 31 March 2018

15,600

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

4,159

5,480

8,747

18,386

Additions

-

-

273

273

At 31 March 2019

4,159

5,480

9,020

18,659

DEPRECIATION

At 1 April 2018

3,092

1,370

5,254

9,716

Charge for year

267

1,028

941

2,236

At 31 March 2019

3,359

2,398

6,195

11,952

NET BOOK VALUE

At 31 March 2019

800

3,082

2,825

6,707

At 31 March 2018

1,067

4,110

3,493

8,670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

33,656

42,743

Other debtors

6,095

6,085

39,751

48,828

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

2,671

3,003

Taxation and social security

15,065

11,678

Other creditors

5,523

56,968

23,259

71,649

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

6

Ordinary

£1.00

6

6

1

Ordinary B

£1.00

1

1

7

7

9.

RESERVES

Retained

earnings

£

At 1 April 2018

59,596

Profit for the year

40,612

Dividends

(6,000

)

At 31 March 2019

94,208