3_DIMENSIONS_CARE_LIMITED - Accounts

3_DIMENSIONS_CARE_LIMITED - Accounts

3 DIMENSIONS CARE LIMITED - Company Information

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Company Registration No. 05017650 (England and Wales)
3 DIMENSIONS CARE LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2015
3 DIMENSIONS CARE LIMITED
COMPANY INFORMATION
Directors
Mr B Harms
N Ellul
Secretary
R Syrett
Company number
05017650
Registered office
Chardleigh House
Wadeford
Chard
Somerset
TA20 3AJ
Accountants
Lentells Limited
17 - 18 Leach Road
Chard Business Park
Chard
Somerset
TA20 1FA
Business address
Chardleigh House
Wadeford
Chard
Somerset
TA20 3AJ
3 DIMENSIONS CARE LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 9
3 DIMENSIONS CARE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2015
- 1 -
The directors present their report and financial statements for the year ended 31 January 2015.
Principal activities
The principal activity of the company was that of providing a residential care home for young people.
Directors
The following directors have held office since 1 February 2014:
A Frost
(Resigned 29 August 2014)
Mr B Harms
N Ellul
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
N Ellul
Director
13 October 2015
3 DIMENSIONS CARE LIMITED
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 3 DIMENSIONS CARE LIMITED FOR THE YEAR ENDED 31 JANUARY 2015
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 3 Dimensions Care Limited for the year ended 31 January 2015 which comprise the Profit and Loss Account, the Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of 3 Dimensions Care Limited, as a body, in accordance with the terms of our engagement letter dated 31 March 2015. Our work has been undertaken solely to prepare for your approval the financial statements of 3 Dimensions Care Limited and state those matters that we have agreed to state to the Board of Directors of 3 Dimensions Care Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 3 Dimensions Care Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that 3 Dimensions Care 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 3 Dimensions Care Limited. You consider that 3 Dimensions 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 financial statements of 3 Dimensions 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 financial statements.
Lentells Limited
14 October 2015
Chartered Certified Accountants
17 - 18 Leach Road
Chard Business Park
Chard
Somerset
TA20 1FA
3 DIMENSIONS CARE LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2015
- 3 -
2015
2014
Notes
£
£
Turnover
2,179,882
2,001,802
Cost of sales
(1,566,303)
(1,382,422)
Gross profit
613,579
619,380
Administrative expenses
(457,991)
(409,617)
Other operating income
2,523
4,669
Operating profit
2
158,111
214,432
Other interest receivable and similar income
4
40
9
Interest payable and similar charges
(10)
(8)
Profit on ordinary activities before taxation
158,141
214,433
Tax on profit on ordinary activities
3
(32,025)
(44,625)
Profit for the year
11
126,116
169,808
3 DIMENSIONS CARE LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2015
31 January 2015
- 4 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
6
73,525
75,742
Current assets
Debtors
7
46,279
45,990
Cash at bank and in hand
145,214
182,480
191,493
228,470
Creditors: amounts falling due within one year
8
(95,288)
(161,627)
Net current assets
96,205
66,843
Total assets less current liabilities
169,730
142,585
Capital and reserves
Called up share capital
10
100,010
100,001
Profit and loss account
11
69,720
42,584
Shareholders'  funds
169,730
142,585
For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board for issue on 13 October 2015
Mr B Harms
N Ellul
Director
Director
Company Registration No. 05017650
3 DIMENSIONS CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2015
31 January 2015
- 5 -
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 fees receivable for providing residential care.  Turnover is exempt from value added tax.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Property improvements
4% straight line method
Computer equipment
33.3% straight line method
Fixtures, fittings & equipment
15% reducing balance method
Motor vehicles
33.3% straight line method
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2
Operating profit
2015
2014
£
£
Operating profit is stated after charging:
Depreciation of tangible assets
25,018
23,210
Directors' remuneration
42,400
39,140
3
Taxation
2015
2014
£
£
Domestic current year tax
U.K. corporation tax
32,025
44,625
Total current tax
32,025
44,625
3 DIMENSIONS CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2015
31 January 2015
- 6 -
4
Investment income
2015
2014
£
£
Bank interest
34
4
Other interest
6
5
40
9
5
Dividends
2015
2014
£
£
Ordinary interim paid
98,980
123,568
6
Tangible fixed assets
Property improvements
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2014
9,683
201,361
211,044
Additions
-
24,894
24,894
Disposals
-
(12,306)
(12,306)
At 31 January 2015
9,683
213,949
223,632
Depreciation
At 1 February 2014
1,162
134,140
135,302
On disposals
-
(10,213)
(10,213)
Charge for the year
387
24,631
25,018
At 31 January 2015
1,549
148,558
150,107
Net book value
At 31 January 2015
8,134
65,391
73,525
At 31 January 2014
8,521
67,221
75,742
3 DIMENSIONS CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2015
31 January 2015
- 7 -
7
Debtors
2015
2014
£
£
Trade debtors
35,130
32,592
Other debtors
11,149
13,398
46,279
45,990
8
Creditors: amounts falling due within one year
2015
2014
£
£
Taxation and social security
55,476
61,041
Other creditors
39,812
100,586
95,288
161,627
9
Pension costs
Defined contribution

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

 

As at 31 January 2015 the company was due to pay £715 in respect of pension contributions not yet paid to the pension scheme.    

2015
2014
£
£
Contributions payable by the company for the year
6,809
5,605
10
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100,010 Ordinary shares of £1 each
100,010
100,001

During the year 9 ordinary shares of £1 each were allotted at their nominal value of £1.

3 DIMENSIONS CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2015
31 January 2015
- 8 -
11
Statement of movements on profit and loss account
Profit
and loss
account
£
Balance at 1 February 2014
42,584
Profit for the year
126,116
Dividends paid
(98,980)
Balance at 31 January 2015
69,720

 

12
Financial commitments
At 31 January 2015 the company was committed to making the following payments under non-cancellable operating leases in the year to 31 January 2016:
2015
2014
£
£
Operating leases which expire:
Within one year
78,612
56,889
13
Control
The company is controlled by it's shareholders throughout the current year.
14
Related party relationships and transactions
Dividends to Directors
The following directors were paid dividends during the year as outlined in the table below:
2015
2014
£
£
A Frost
8,770
14,463
N Ellul
17,710
16,745
B Harms
11,710
16,238
38,190
47,446
3 DIMENSIONS CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2015
31 January 2015
14
Related party relationships and transactions
(Continued)
- 9 -

At the year-end, the company was owed a balance of £1 from Mr R Gonzalez, a shareholder.

 

During the year, rentals of £6,550 (31 January 2014 - £7,976) were paid to Mr R and Mrs P Gonzalez, who are both shareholders of the company.

 

The company is related to 3D Support Services Limited, Company Number 05017650, by virtue of the directors. During the year-ended 31 January 2015, 3 Dimensions Care Limited made rental payments to 3D Support Services Limited of £50,000 (31 January 2014 - £6,600).

 

As at 31 January 2015 3D Support Services Limited owed 3 Dimensions Care Limited £760 in respect of fees paid on behalf of 3D Support Services Limited.

3 DIMENSIONS CARE LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2015
3 DIMENSIONS CARE LIMITED
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2015
2015
2014
£
£
£
£
Turnover
Fees
2,179,882
2,001,802
Cost of sales
Provisions
108,530
64,532
Activity and education expenses
97,586
119,133
Wages and salaries
1,279,774
1,104,726
Directors' remuneration
42,400
39,140
Staff pension scheme costs
6,809
5,605
Agency workers
31,204
49,286
(1,566,303)
(1,382,422)
Gross profit
28.15%
613,579
30.94%
619,380
Administrative expenses
(457,991)
(409,617)
155,588
209,763
Other operating income
Sundry income
2,523
4,669
Operating profit
158,111
214,432
Other interest receivable and similar income
Bank interest received
34
4
Other interest received
-
5
Interest on tax refund
6
-
40
9
Interest payable
Bank interest paid
(10)
(8)
Profit before taxation
7.25%
158,141
10.71%
214,433
3 DIMENSIONS CARE LIMITED
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 31 JANUARY 2015
2015
2014
£
£
Administrative expenses
Rent
119,350
65,466
Rates
4,775
819
Insurance
17,798
16,270
Staff training expenses
10,352
16,015
Light and heat
25,917
27,746
Cleaning
2,411
625
Repairs and maintenance
76,204
113,617
Printing, postage and stationery
21,934
17,409
Advertising and promotion
6,688
3,329
Telephone
15,842
14,088
Motor running expenses
60,699
58,514
Mileage
3,002
1,699
Travelling expenses
452
1,196
Professional fees
45,581
32,740
Ofsted fees
5,771
4,523
Accountancy
1,560
1,560
Payroll fees
2,299
-
Bank charges
2,827
3,125
Bad and doubtful debts
78
-
Sundry expenses
3,470
4,567
Subscriptions
3,870
3,230
Depreciation on property improvements
387
387
Depreciation on equipment
19,700
17,463
Depreciation on motor vehicles
4,931
5,360
(Profit)/loss on disposal of fixed assets
2,093
(131)
457,991
409,617
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