KILMOREY CARE LIMITED

KILMOREY CARE LIMITED

KILMOREY CARE LIMITED - Company Information

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KILMOREY CARE LIMITED

Company Registration Number:
NI615616 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2021

Period of accounts

Start date: 29 February 2020

End date: 28 February 2021

KILMOREY CARE LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2021

Balance sheet
Notes

KILMOREY CARE LIMITED

Balance sheet

As at 28 February 2021


Notes
2021
2020


£
£
Fixed assets
Intangible assets: 3 60,000 90,000
Tangible assets: 4 2,637,763 2,683,310
Investments: 5 87 0
Total fixed assets: 2,697,850 2,773,310
Current assets
Stocks: 23,294 18,287
Debtors:   352,758 308,504
Cash at bank and in hand: 1,772,803 1,231,322
Total current assets: 2,148,855 1,558,113
Creditors: amounts falling due within one year:   (883,464) (871,237)
Net current assets (liabilities): 1,265,391 686,876
Total assets less current liabilities: 3,963,241 3,460,186
Creditors: amounts falling due after more than one year:   (248,679) (379,268)
Total net assets (liabilities): 3,714,562 3,080,918
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,714,462 3,080,818
Shareholders funds: 3,714,562 3,080,918

The notes form part of these financial statements

KILMOREY CARE LIMITED

Balance sheet statements

For the year ending 28 February 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 May 2021
and signed on behalf of the board by:

Name: CATHAL O'NEILL
Status: Director

The notes form part of these financial statements

KILMOREY CARE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:Land and buildings freehold - 2% straight linePlant and machinery - 15% straight line Fixtures, fittings and equipment - 15% straight lineMotor vehicles - 25% straight lineThe carrying value of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Intangible fixed assets and amortisation policy

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets when they were acquired. Purchased goodwill is capitalised in the balance sheet and amortised on a straight line basis over its economic useful life of 10 years which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

KILMOREY CARE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

2. Employees

2021 2020
Average number of employees during the period 264 268

KILMOREY CARE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

3. Intangible Assets

Total
Cost £
At 29 February 2020 300,000
At 28 February 2021 300,000
Amortisation
At 29 February 2020 210,000
Charge for year 30,000
At 28 February 2021 240,000
Net book value
At 28 February 2021 60,000
At 28 February 2020 90,000

KILMOREY CARE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

4. Tangible Assets

Total
Cost £
At 29 February 2020 4,029,304
Additions 100,654
At 28 February 2021 4,129,958
Depreciation
At 29 February 2020 1,345,994
Charge for year 146,201
At 28 February 2021 1,492,195
Net book value
At 28 February 2021 2,637,763
At 28 February 2020 2,683,310

KILMOREY CARE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

5. Fixed investments

InvestmentsCostAdditions - £87