Tapton Edge Rest Home Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03361506 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

TAPTON EDGE REST HOME LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Chugh

SECRETARY:

Mrs S Chugh

REGISTERED OFFICE:

347 Fulwood Road

Sheffield

South Yorkshire

S10 3BQ

REGISTERED NUMBER:

03361506 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

469,518

475,285

469,518

475,285

CURRENT ASSETS

Inventories

6

6,065

6,013

Debtors

7

3,910

17,467

Cash at bank and in hand

1,115,796

1,028,828

1,125,771

1,052,308

CREDITORS

Amounts falling due within one year

8

(258,677

)

(259,695

)

NET CURRENT ASSETS

867,094

792,613

TOTAL ASSETS LESS CURRENT LIABILITIES

1,336,612

1,267,898

PROVISIONS FOR LIABILITIES

9

(2,859

)

(3,036

)

NET ASSETS

1,333,753

1,264,862

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,333,653

1,264,762

SHAREHOLDERS' FUNDS

1,333,753

1,264,862

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 13 January 2020 and were signed by:

Mr S Chugh - Director

1.	STATUTORY INFORMATION

Tapton Edge Rest Home Ltd 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

Revenue 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 1998, has been amortised

evenly over it's estimated useful life of twenty 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.

Long leasehold

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2018 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2018

and 30 September 2019

105,000

AMORTISATION

At 1 October 2018

and 30 September 2019

105,000

NET BOOK VALUE

At 30 September 2019

-

At 30 September 2018

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 October 2018

542,823

29,467

66,682

1,356

640,328

Additions

-

1,614

1,968

-

3,582

Disposals

-

-

(952

)

-

(952

)

At 30 September 2019

542,823

31,081

67,698

1,356

642,958

DEPRECIATION

At 1 October 2018

85,026

21,289

57,508

1,220

165,043

Charge for year

4,574

2,448

2,215

46

9,283

Eliminated on disposal

-

-

(886

)

-

(886

)

At 30 September 2019

89,600

23,737

58,837

1,266

173,440

NET BOOK VALUE

At 30 September 2019

453,223

7,344

8,861

90

469,518

At 30 September 2018

457,797

8,178

9,174

136

475,285

6.	INVENTORIES

2019

2018

£

£

Stocks

6,065

6,013

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

3,210

16,804

Prepayments

700

663

3,910

17,467

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

3,597

3,303

Tax

27,376

29,708

Directors' current accounts

224,704

223,684

Accrued expenses

3,000

3,000

258,677

259,695

9.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

2,859

3,036

Deferred

tax

£

Balance at 1 October 2018

3,036

Provided during year

(177

)

Accelerated Capital Allowances

Balance at 30 September 2019

2,859

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary Shares

£1.00

100

100

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Chugh.