Aveland Court Care Limited - Accounts

Aveland Court Care Limited - Accounts

AVELAND COURT CARE LIMITED - Company Information

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Registered Number: 06553417
England and Wales

 

 

 

AVELAND COURT CARE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

Aveland Court Care Limited
Contents Page
For the year ended 31 March 2021
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Aveland Court Care Limited for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aveland Court Care Limited for the year ended 31 March 2021 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Aveland Court Care Limited , as a body, in accordance with the terms of our engagement letter dated 28 December 2021. Our work has been undertaken solely to prepare for your approval the accounts of Aveland Court Care Limited and state those matters that we have agreed to state to the Board of Directors of Aveland Court Care Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aveland Court Care Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Aveland Court Care Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Aveland Court Care Limited . You consider that Aveland Court Care Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Aveland Court Care Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 March 2021



....................................................
aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate,
Peterborough,
PE1 5BQ
28 December 2021
1
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 1,212,431    1,196,343 
1,212,431    1,196,343 
Current assets      
Stocks 2,000    2,000 
Debtors 92,969    73,336 
Cash at bank and in hand 79,852    57,980 
174,821    133,316 
Creditors: amount falling due within one year (181,815)   (338,790)
Net current liabilities (6,994)   (205,474)
 
Total assets less current liabilities 1,205,437    990,869 
Creditors: amount falling due after more than one year (580,810)   (303,977)
Provisions for liabilities (76,202)   (69,920)
Net assets 548,425    616,972 
 

Capital and reserves 		     
Called up share capital 100    100 
Reserves 347,298    347,298 
Profit and loss account 201,027    269,574 
Shareholder's funds 548,425    616,972 
 


For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 December 2021 and were signed on its behalf by:


--------------------------------
Chhagen Mistry
Director
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General Information
Aveland Court Care Limited is a private company, limited by shares, registered in England and Wales, registration number 06553417, registration address 19 Reservoir Road, London, N14 4BB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Group accounts
The company is a subsidiary company.  The parent company Nepa Healthcare Limited is itself a subsidiary of the ultimate Parent Trymax Investments Ltd registration number 04160912.  Trymax Investments Ltd and its subsidiaries will prepare audited group accounts. 
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20 Reducing Balance
Fixtures and Fittings 15 Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 15 (2020 : 15).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 April 2020 1,174,929    -    78,205    1,253,134 
Additions -    22,835    1,197    24,032 
Disposals -    -    -    - 
At 31 March 2021 1,174,929    22,835    79,402    1,277,166 
Depreciation
At 01 April 2020 -    -    56,791    56,791 
Charge for year -    4,567    3,377    7,944 
On disposals -    -    -    - 
At 31 March 2021 -    4,567    60,168    64,735 
Net book values
Closing balance as at 31 March 2021 1,174,929    18,268    19,234    1,212,431 
Opening balance as at 01 April 2020 1,174,929    -    21,414    1,196,343 


4.

Share Capital

Allotted, called up and fully paid
2021
£		   2020
£
100 Class A shares of £1.00 each 100    100 
100    100 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2021
£		 2020
£		 2021
£		 2020
£
Related Party Transactions 0 0 280,161 148,810 


Related Party Transactions
At the balance sheet date a net amount of £280,261 (2020 148,810) was due to fellow group companies. The balance is unsecured, interest free and payable on demand. During the year no management charges (2020 £45,000) were charged by a fellow group company
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