Transcare Services (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07909695 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Transcare Services (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S A Hastings

Mrs J M Hastings

REGISTERED OFFICE:

Lencett House

45 Boroughgate

Otley

West Yorkshire

LS21 1AG

REGISTERED NUMBER:

07909695 (England and Wales)

ACCOUNTANTS:

Walker Broadbent Associates

Chartered Accountants

Lencett House

45 Boroughgate

Otley

West Yorkshire

LS21 1AG

BANKERS:

NatWest Bank

63 North Street

Keighley

West Yorkshire

BD21 3SN

FIXED ASSETS

Intangible assets

4

3,750

5,000

Tangible assets

5

271,561

313,776

275,311

318,776

CURRENT ASSETS

Debtors

6

225,175

196,303

Cash at bank

769

-

225,944

196,303

CREDITORS

Amounts falling due within one year

7

329,689

346,101

NET CURRENT LIABILITIES

(103,745

)

(149,798

)

TOTAL ASSETS LESS CURRENT LIABILITIES

171,566

168,978

CREDITORS

Amounts falling due after more than one year

8

(82,284

)

(103,034

)

PROVISIONS FOR LIABILITIES

(25,362

)

(25,929

)

NET ASSETS

63,920

40,015

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

63,820

39,915

SHAREHOLDERS' FUNDS

63,920

40,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 8 January 2020 and were signed on its behalf by:

Mrs J M Hastings - Director

1.	STATUTORY INFORMATION

Transcare Services (UK) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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.

Plant and machinery etc

-

33% on cost and 20% on 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 NIL (2018 - 5 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2018

and 30 April 2019

12,500

AMORTISATION

At 1 May 2018

7,500

Charge for year

1,250

At 30 April 2019

8,750

NET BOOK VALUE

At 30 April 2019

3,750

At 30 April 2018

5,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2018

623,599

Additions

97,615

Disposals

(158,525

)

At 30 April 2019

562,689

DEPRECIATION

At 1 May 2018

309,823

Charge for year

129,203

Eliminated on disposal

(147,898

)

At 30 April 2019

291,128

NET BOOK VALUE

At 30 April 2019

271,561

At 30 April 2018

313,776

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

Plant and

machinery

etc

£

COST

At 1 May 2018

285,619

Additions

88,095

Disposals

(31,566

)

Transfer to ownership

20,975

At 30 April 2019

363,123

DEPRECIATION

At 1 May 2018

105,834

Charge for year

78,096

Eliminated on disposal

(29,651

)

At 30 April 2019

154,279

NET BOOK VALUE

At 30 April 2019

208,844

At 30 April 2018

179,785

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

152,804

130,191

Other debtors

72,371

66,112

225,175

196,303

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts

15,647

40,156

Hire purchase contracts

107,932

73,582

Trade creditors

13,561

51,244

Taxation and social security

48,445

22,457

Other creditors

144,104

158,662

329,689

346,101

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Hire purchase contracts

82,284

103,034

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J M Hastings.