Company Registration No. 05529364 (England and Wales)
MANOR PARK RESIDENTIAL HOME LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
31 March 2015
MANOR PARK RESIDENTIAL HOME LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MANOR PARK RESIDENTIAL HOME LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
69,140
46,967
Current assets
Stocks
800
800
Debtors
24,455
35,958
Cash at bank and in hand
262,692
211,685
287,947
248,443
Creditors: amounts falling due within one year
(56,896)
(59,940)
Net current assets
231,051
188,503
Total assets less current liabilities
300,191
235,470
Provisions for liabilities
(12,047)
(7,533)
288,144
227,937
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
288,143
227,936
Shareholders' funds
288,144
227,937
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 July 2015
Ms V. R. Jepson
Director
Company Registration No. 05529364
MANOR PARK RESIDENTIAL HOME LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment
5% on written down value
Motor vehicle
10% on written down value
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.7
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.
MANOR PARK RESIDENTIAL HOME LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
73,538
Additions
26,152
At 31 March 2015
99,690
Depreciation
At 1 April 2014
26,571
Charge for the year
3,979
At 31 March 2015
30,550
Net book value
At 31 March 2015
69,140
At 31 March 2014
46,967
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
4
Related party relationships and transactions
Other transactions
There is a credit balance on directors loan account at 31 March 2015 of £6713 (2014 £3579 debit) which is included in other creditors.
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