Olive Branch Care Agency Limited - Period Ending 2015-03-31

 
 
 
 
 
 
 
  Olive Branch Care Agency Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 March 2015
 
  Company Registration Number: 06942075

Olive Branch Care Agency Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Olive Branch Care Agency Limited
Abbreviated Balance Sheet
31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			8,272			6,134
Current assets
Debtors					73,562			84,472
Cash at bank and in hand					1,085			520
					74,647			84,992
Creditors: Amounts falling due within one year					(113,847)			(101,532)
Net current liabilities					(39,200)			(16,540)
Net liabilities					(30,928)			(10,406)
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					(31,028)			(10,506)
Shareholders' deficit					(30,928)			(10,406)

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Olive Branch Care Agency Limited
Abbreviated Balance Sheet
31 March 2015 ......... continued

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 director acknowledges his 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 director on 16 December 2015

Mr P Dalzell
Director

Company Registration Number: 06942075

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Olive Branch Care Agency Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis. At the balance sheet date the company has net current liabilities of £39,200 (2014 £16,540). The company is dependent on the support of its director who has confirmed this will continue for the foreseeable future.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of consideration due.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% straight line
Equipment	25% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		23,149			23,149
Additions		7,206			7,206
At 31 March 2015		30,355			30,355
Depreciation
At 1 April 2014		17,015			17,015
Charge for the year		5,068			5,068
At 31 March 2015		22,083			22,083
Net book value
At 31 March 2015		8,272			8,272
At 31 March 2014		6,134			6,134

Page 3

Olive Branch Care Agency Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		26,973			13,487

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4