Nightingale House Ayrshire Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC468038 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

NIGHTINGALE HOUSE AYRSHIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Mohammad Shafique

Mrs Nasreen Akhtar Shafique

REGISTERED OFFICE:

20 Barns Street

AYR

Ayrshire

KA7 1XA

REGISTERED NUMBER:

SC468038 (Scotland)

ACCOUNTANTS:

Galbraith Pritchards

20 Barns Street

Ayr

Ayrshire

KA7 1XA

FIXED ASSETS

Intangible assets

4

90,000

120,000

Tangible assets

5

13,508

12,601

103,508

132,601

CURRENT ASSETS

Debtors

6

77,391

109,270

Cash at bank and in hand

146,544

121,692

223,935

230,962

CREDITORS

Amounts falling due within one year

7

82,874

146,877

NET CURRENT ASSETS

141,061

84,085

TOTAL ASSETS LESS CURRENT LIABILITIES

244,569

216,686

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

243,569

215,686

SHAREHOLDERS' FUNDS

244,569

216,686

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 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 23 December 2019 and were signed on its behalf by:

Mr Mohammad Shafique - Director

1.	STATUTORY INFORMATION

Nightingale House Ayrshire Limited 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.

Turnover

Turnover represents invoiced services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable

amount, the asset is impaired accordingly.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured

at their settlement value.

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.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past

event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be

reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2018 - 55 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

150,000

AMORTISATION

At 1 April 2018

30,000

Amortisation for year

30,000

At 31 March 2019

60,000

NET BOOK VALUE

At 31 March 2019

90,000

At 31 March 2018

120,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2018

15,676

1,125

16,801

Additions

5,410

-

5,410

At 31 March 2019

21,086

1,125

22,211

DEPRECIATION

At 1 April 2018

3,919

281

4,200

Charge for year

4,292

211

4,503

At 31 March 2019

8,211

492

8,703

NET BOOK VALUE

At 31 March 2019

12,875

633

13,508

At 31 March 2018

11,757

844

12,601

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/19

31/3/18

£

£

Trade debtors

73,050

109,270

Other debtors

4,341

-

77,391

109,270

Other debtors consist of Directors' loans in the amount of £4,341 (2018: £0).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/19

31/3/18

£

£

Trade creditors

14,124

10,329

Taxation and social security

20,473

29,396

Other creditors

48,277

107,152

82,874

146,877

Other creditors include Directors' loans in the amount of £0 (2018: £39,858).

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/19

31/3/18

£

£

Between one and five years

4,600

7,094

9.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.