Edinburgh Homecare Ltd - Accounts to registrar (filleted) - small 18.2

Edinburgh Homecare Ltd - Accounts to registrar (filleted) - small 18.2

EDINBURGH HOMECARE T/A MELOOSHA HOMECARE EDINBURGH LIMITED - Company Information

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REGISTERED NUMBER: SC510786 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2020

for

Edinburgh Homecare Ltd
Edinburgh Homecare Ltd (Registered number: SC510786)






Contents of the Financial Statements
for the Year Ended 31 July 2020




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Edinburgh Homecare Ltd (Registered number: SC510786)

Statement of Financial Position
31 July 2020

31.7.20 31.7.19
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,132 -

CURRENT ASSETS
Debtors 5 124,589 66,838
Cash at bank 4,945 5,986
129,534 72,824
CREDITORS
Amounts falling due within one year 6 (86,231 ) (72,056 )
NET CURRENT ASSETS 43,303 768
TOTAL ASSETS LESS CURRENT
LIABILITIES
48,435
768

CREDITORS
Amounts falling due after more than one year 7 (48,334 ) -
NET ASSETS 101 768

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 99 766
101 768

The notes form part of these financial statements

Page 1 continued...
Edinburgh Homecare Ltd (Registered number: SC510786)

Statement of Financial Position - continued
31 July 2020


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 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 and authorised for issue on 1 September 2020 and were signed by:





S M Wishart - Director


The notes form part of these financial statements

Page 2
Edinburgh Homecare Ltd (Registered number: SC510786)

Notes to the Financial Statements
for the Year Ended 31 July 2020

1. STATUTORY INFORMATION

Edinburgh Homecare Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC510786. The registered office is Ground Floor West Suite, West Point House, 69 North Gyle Terrace, Edinburgh, Scotland, EH12 8JY.

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 net invoiced sales of services in respect of social work care for the elderly, excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil 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 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.

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.

Page 3 continued...
Edinburgh Homecare Ltd (Registered number: SC510786)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2020

2. ACCOUNTING POLICIES - continued

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 a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2019 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 6,172
At 31 July 2020 6,172
DEPRECIATION
Charge for year 1,040
At 31 July 2020 1,040
NET BOOK VALUE
At 31 July 2020 5,132

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Trade debtors 46,140 2,801
Other debtors 78,449 64,037
124,589 66,838

Page 4 continued...
Edinburgh Homecare Ltd (Registered number: SC510786)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Bank loans and overdrafts 1,667 -
Amounts owed to related parties - 4,026
Taxation and social security 33,568 26,517
Other creditors 50,996 41,513
86,231 72,056

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.20 31.7.19
£    £   
Bank loans 48,334 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,334 -

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2020 and 31 July 2019:

31.7.20 31.7.19
£    £   
S M Wishart
Balance outstanding at start of year 15,016 -
Amounts advanced 31,855 15,016
Amounts repaid (11,390 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,481 15,016

9. RELATED PARTY DISCLOSURES

Companies under common control

Amounts due to related parties: £nil (2019: £4,026)

Page 5