1st Care Limited - Limited company - abbreviated - 11.9
1st Care Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
FOR |
1ST CARE LIMITED |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 5 |
1ST CARE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
BANKERS: |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
1ST CARE LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to seven) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of 1st Care Limited for the year ended 31 March 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the director of 1st Care Limited in accordance with the terms of our engagement letter dated 22 October 2010. Our work has been undertaken solely to prepare for your approval the financial statements of 1st Care Limited and state those matters that we have agreed to state to the director of 1st Care Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that 1st 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 1st Care Limited. You consider that 1st 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 1st 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. |
Chartered Accountants |
9 November 2015 |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2015 |
31/3/15 | 31/3/14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
Investments | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2015 |
The financial statements were approved by the director on |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
Turnover |
Turnover represents the fee receivable for services provided. Turnover is recognised when the company has a |
right to consideration. |
Goodwill |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
Investments |
Fixed asset investments are stated at cost unless, in the opinion of the Directors, there has been an impairment, in |
which case an appropriate adjustment is made. |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 |
AMORTISATION |
At 1 April 2014 |
and 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 April 2014 |
Additions |
Impairments | (84,569 | ) |
At 31 March 2015 |
DEPRECIATION |
At 1 April 2014 |
Charge for year |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 | 782,699 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
4. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Country of incorporation: |
Nature of business: |
% |
Class of shares: | holding |
Ordinary shares | 100.00 |
£ | £ |
Aggregate capital and reserves | 500,070 | 580,002 |
Loss for the year | (79,932 | ) | (61,359 | ) |
5. | CREDITORS |
Creditors include an amount of £ |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/15 | 31/3/14 |
value: | £ | £ |
Ordinary | £1 |
7. | RELATED PARTY DISCLOSURES |
At the balance sheet date, creditors less than one year included amounts owed to Regency Investments Limited of |
£129,184 (2014: £252,997), a wholly owned subsidiary of the company. The amounts are interest free with no |
specific terms for repayments. |
During the year, the company paid £40,800 (2014: £39,600) for consultancy services to New Green Solutions |
Ltd, the company in which director's spouse, Mr J Patel, has beneficial interest. At the balance sheet date, |
creditors less than one year included amounts owed to New Green Solutions Ltd of £9,200 (2014: £6,800). Also, |
the company made unsecured and interest free loans to New Green Solutions Ltd of £172,181 and this is |
represented in amounts due from connected companies in debtors. |
At the balance sheet date, other debtors included amounts due from Turkswood Energy Limited of £1,560, the |
company in which director's spouse, Mr J Patel, has beneficial interest. |
Company's administration and accounting functions are carried out from the premises owned by the director. The |
company made payment of £12,000 (2014: £12,000) for the use of the premises as offices on a market rent basis. |
8. | ULTIMATE CONTROLLING PARTY |
The Ultimate controlling party is Mrs J Patel by virtue of her 100% interest in the share holdings of company. |