Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueSilverleaf Care Homes Limited071300592015-03-31-432183-302201-422183-2922011000010000-422183-2922011762943183588313407601543682-40633-522321823691505641417369833254684497252000085052486071381393159591417191236091212094811235002Basis of accounting
The financial statements 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 accounts have been prepared on a going concern basis, despite the fact that current liabilities exceed current assets. The directors have considered the funding position of the company and consider that it is appropriate to prepare the accounts on the going concern basis.
Turnover
The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-Amortised over 5 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Land & Buildingson cost0.0200Plant & Machineryreducing balance0.2500Office Equipmentstraight line0.200094500094500077308858408818900012922271289572265582746545702817622372272234572265585583463865821717610440581126911The bank borrowings are secured by a legal charge over the freehold property and the book debts present and future owing to the company. Ordinary1000011000010000Ordinary11000010000100002015-12-22A J Caintruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSilverleaf Care Homes Limited2014-04-012015-03-31Silverleaf Care Homes Limited2013-04-012014-03-31Silverleaf Care Homes Limited2013-03-31Silverleaf Care Homes Limited2014-03-31Silverleaf Care Homes Limited2014-03-31Silverleaf Care Homes Limited2015-03-31 2015-12-22
