N C Homecare Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07201949 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

N C HOMECARE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

B H Moynihan

Mrs A L Moynihan

REGISTERED OFFICE:

Office 5, Fraser House

Bridge Lane

Frodsham

Cheshire

WA6 7HD

REGISTERED NUMBER:

07201949 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Intangible assets

4

3,750

7,500

Tangible assets

5

11,094

9,784

14,844

17,284

CURRENT ASSETS

Debtors

6

138,991

122,610

Cash at bank

314,647

111,539

453,638

234,149

CREDITORS

Amounts falling due within one year

7

210,672

114,585

NET CURRENT ASSETS

242,966

119,564

TOTAL ASSETS LESS CURRENT LIABILITIES

257,810

136,848

PROVISIONS FOR LIABILITIES

2,108

1,823

NET ASSETS

255,702

135,025

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

9

255,699

135,022

SHAREHOLDERS' FUNDS

255,702

135,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 9 September 2021 and were signed on its behalf by:

B H Moynihan - Director

1.	STATUTORY INFORMATION

N C Homecare 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.

Franchise

Franchise, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of six 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.

Plant and machinery etc

-

25% on cost

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 70 (2020 - 68 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

£

COST

At 1 April 2020

and 31 March 2021

58,244

AMORTISATION

At 1 April 2020

50,744

Amortisation for year

3,750

At 31 March 2021

54,494

NET BOOK VALUE

At 31 March 2021

3,750

At 31 March 2020

7,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

25,397

Additions

7,885

Disposals

(1,971

)

At 31 March 2021

31,311

DEPRECIATION

At 1 April 2020

15,613

Charge for year

6,080

Eliminated on disposal

(1,476

)

At 31 March 2021

20,217

NET BOOK VALUE

At 31 March 2021

11,094

At 31 March 2020

9,784

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

137,698

122,339

Other debtors

1,293

271

138,991

122,610

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

50,000

-

Taxation and social security

64,292

50,223

Other creditors

96,380

64,362

210,672

114,585

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

3

Ordinary

£1

3

3

9.

RESERVES

Retained

earnings

£

At 1 April 2020

135,022

Profit for the year

203,177

Dividends

(82,500

)

At 31 March 2021

255,699

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £9,290 (2020 £780) owed to Mr B Moynihan & £9,290 (2020 £NIL) owed to Mrs A Moynihan, who are directors and shareholders of the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of N C Homecare Limited for the year ended 31 March 2021 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of N C Homecare Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N C Homecare Limited and state those matters that we have agreed to state to the Board of Directors of N C Homecare Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N C Homecare Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N C Homecare Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N C Homecare Limited. You consider that N C Homecare 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 financial statements of N C Homecare 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 financial statements.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

Date: .............................................