Beaufort Care Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05127330 (England and Wales)

Financial Statements for the Year Ended 31 August 2019

for

Beaufort Care Limited

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Mr K Sanguhan

REGISTERED OFFICE:

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

REGISTERED NUMBER:

05127330 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

ASSETS

FIXED ASSETS

Intangible assets

4

83,990

95,990

Tangible assets

5

2,062,220

2,079,575

2,146,210

2,175,565

CURRENT ASSETS

Stocks

6

2,750

2,480

Debtors

7

38,007

54,810

Cash at bank

114,947

122,215

155,704

179,505

2,301,914

2,355,070

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Fair value reserve

9

355,240

355,240

Retained earnings

9

664,982

665,136

SHAREHOLDERS' FUNDS

1,021,222

1,021,376

PROVISIONS FOR LIABILITIES

10

88,810

88,810

CREDITORS

11

1,191,882

1,244,884

2,301,914

2,355,070

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 and authorised for issue on 13 May 2020 and were signed by:

Mr K Sanguhan - Director

1.	STATUTORY INFORMATION

Beaufort Care 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 2004, 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.

Freehold property

-

Nil rate

Plant and machinery

-

5% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

30% on reducing balance

Stocks

Stocks 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 25 (2018 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2018

and 31 August 2019

230,759

AMORTISATION

At 1 September 2018

134,769

Amortisation for year

12,000

At 31 August 2019

146,769

NET BOOK VALUE

At 31 August 2019

83,990

At 31 August 2018

95,990

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 September 2018

and 31 August 2019

1,811,318

409,556

115,817

5,998

2,342,689

DEPRECIATION

At 1 September 2018

-

180,301

77,086

5,727

263,114

Charge for year

-

11,463

5,810

82

17,355

At 31 August 2019

-

191,764

82,896

5,809

280,469

NET BOOK VALUE

At 31 August 2019

1,811,318

217,792

32,921

189

2,062,220

At 31 August 2018

1,811,318

229,255

38,731

271

2,079,575

6.

STOCKS

31.8.19

31.8.18

£

£

Stocks

2,750

2,480

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

38,007

50,435

Prepayments

-

4,375

38,007

54,810

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.19

31.8.18

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 September 2018

665,136

355,240

1,020,376

Profit for the year

119,846

119,846

Dividends

(120,000

)

(120,000

)

At 31 August 2019

664,982

355,240

1,020,222

10.	PROVISIONS FOR LIABILITIES

31.8.19

31.8.18

£

£

Deferred tax

88,810

88,810

Deferred

tax

£

Balance at 1 September 2018

88,810

Balance at 31 August 2019

88,810

11.

CREDITORS

31.8.19

31.8.18

£

£

Amounts falling due within one year:

Trade creditors

19,196

14,991

Tax

23,570

33,953

Social security and other taxes

8,209

(26

)

Other creditors

181

350

Raintree Ltd

212,097

259,572

Beaufort House Welfare Funds

840

840

Pension Payable

820

1,054

Directors' current accounts

1,559

1,209

Directors' loan accounts

660,606

660,606

Amounts received on account

6,936

8,151

934,014

980,700

Amounts falling due after more than one year:

Bank loans (see note 12)

257,868

264,184

Aggregate amounts

1,191,882

1,244,884

Amounts falling due in more than five years:

Repayable by instalments

Lloyds bank loan

257,868

264,184

12.

LOANS

An analysis of the maturity of loans is given below:

31.8.19

31.8.18

£

£

Amounts falling due in more than five years:

Repayable by instalments

Lloyds bank loan

257,868

264,184