Abbreviated Company Accounts - HOLLYWELL CARE LIMITED

HOLLYWELL CARE LIMITED - Company Information

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Registered Number 03930131

HOLLYWELL CARE LIMITED

Abbreviated Accounts

31 March 2015

HOLLYWELL CARE LIMITED Registered Number 03930131

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	306	460
		306	460
Current assets
Debtors	3	50,284	29,386
Cash at bank and in hand		96,597	114,301
		146,881	143,687
Creditors: amounts falling due within one year		(12,927)	(16,352)
Net current assets (liabilities)		133,954	127,335
Total assets less current liabilities		134,260	127,795
Creditors: amounts falling due after more than one year		-	(9,073)
Total net assets (liabilities)		134,260	118,722
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		134,258	118,720
Shareholders' funds		134,260	118,722

For the year ending 31 March 2015 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 December 2015

And signed on their behalf by:
Mr S Chawla, Director
Mr C Chawla, Director

HOLLYWELL CARE LIMITED Registered Number 03930131

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of fees (excluding VAT) derived from the delivery of services to customers.

Tangible assets depreciation policy
Depreciation is provided to write off the cost less the residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:
Plant and equipment - 5 years

Other accounting policies
Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.

2Tangible fixed assets

	£
Cost
At 1 April 2014	86,735
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	86,735
Depreciation
At 1 April 2014	86,275
Charge for the year	154
On disposals	-
At 31 March 2015	86,429
Net book values
At 31 March 2015	306
At 31 March 2014	460

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	347	413

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	Mr S and Mr C Chawla
Description of the transaction:	Loan to related party
Balance at 1 April 2014:	£ 0
Advances or credits made:	£ 19,250
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 19,250

As at 31 March 2015 an amount of £19,250 (2014: £nil) is owed to the company by Diamond Red Limited, a company in which both Mr S Chawla and Mr C Chawla are directors and shareholders. The loan is interest free and there are no fixed repayment terms.

As at 31 March 2015 an amount of £17,542 (2014: £18,908) is owed to the company by Vinola Knitwear Manufacturing. Co Limited, a company in which both Mr S Chawla and Mr C Chawla are directors and shareholders. The loan is interest free and there are no fixed repayment terms.

As at 31 March 2015 an amount of £7,116 owed to the company by (2014: £8,384 owed by the company to) Lukegate Limited, a company in which both Mr S Chawla and Mr C Chawla are directors and shareholders. The loan is interest free and there are no fixed repayment terms.

As at 31 March 2015 an amount of £59 (2014: £689) is owed by the company to Mr S Chawla, a director of the company. The loan is interest free and there are no fixed repayment terms.