Blagreaves Care Home Limited - Period Ending 2015-07-31

Registration number: 06478523

Blagreaves Care Home Limited

Unaudited Abbreviated Accounts

for the Period from 1 April 2014 to 31 July 2015

 

Blagreaves Care Home Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Blagreaves Care Home Limited
(Registration number: 06478523)
Abbreviated Balance Sheet at 31 July 2015

		Note			31 July 2015 £			31 March 2014 £
Fixed assets
Intangible fixed assets		2			76,000			84,000
Tangible fixed assets		2			484,251			494,608
					560,251			578,608
Current assets
Stocks					3,550			3,500
Debtors					76,662			85,288
Cash at bank and in hand					52,958			66,401
					133,170			155,189
Creditors: Amounts falling due within one year		3			(123,368)			(164,986)
Net current assets/(liabilities)					9,802			(9,797)
Total assets less current liabilities					570,053			568,811
Creditors: Amounts falling due after more than one year		3			(56,785)			(97,397)
Provisions for liabilities					(4,683)			(4,515)
Net assets					508,585			466,899
Capital and reserves
Called up share capital		4			300			300
Profit and loss account					508,285			466,599
Shareholders' funds					508,585			466,899

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Blagreaves Care Home Limited
(Registration number: 06478523)
Abbreviated Balance Sheet at 31 July 2015
......... continued

For the year ending 31 July 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 20 October 2015

.........................................
R Purmessur
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Blagreaves Care Home Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 31 July 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).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the level of completion of services.

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

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

Asset class	Amortisation method and rate
Goodwill	20 years straight line

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	50 years straight line basis on buildings only
Fixtures, fittings and equipment	15% reducing balance basis
Office equipment	15% straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Page 3

Blagreaves Care Home Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 31 July 2015
......... continued

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2014		120,000			559,057			679,057
Additions		-			6,641			6,641
At 31 July 2015		120,000			565,698			685,698
Depreciation
At 1 April 2014		36,000			64,449			100,449
Charge for the period		8,000			16,998			24,998
At 31 July 2015		44,000			81,447			125,447
Net book value
At 31 July 2015		76,000			484,251			560,251
At 31 March 2014		84,000			494,608			578,608

3

Creditors

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

		31 July 2015 £			31 March 2014 £
Amounts falling due within one year		30,559			29,226
Amounts falling due after more than one year		56,785			97,397
Total secured creditors		87,344			126,623

Page 4

Blagreaves Care Home Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 31 July 2015
......... continued

4	Share capital

Allotted, called up and fully paid shares

	31 July 2015						31 March 2014
		No.			£			No.			£
Ordinary A shares of £1 each		100			100			100			100
Ordinary B shares of £1 each		100			100			100			100
Ordinary C shares of £1 each		100			100			100			100
		300			300			300			300

5	Related party transactions

Directors' advances and credits

	1 April 2014 to 31 July 2015 £		Year ended 31 March 2014 £
B K Chettiar
Balance owed (from)/to the directors at the start of the year	(9,809)		25,660
Dividends voted	20,000		-
Capital introduced	33,374		-
Drawings	(49,360)		(35,468)
Balance owed by the director at year end	(5,795)		(9,808)
G C Kishnasamy
Balance owed to director at year end	18,339		28,977
Dividends voted	-		-
R Purmessur
Balance owed by the director at start of year	(75,480)		(52,148)
Dividends voted	76,000		53,000
Drawings	(92,108)		(76,332)
Capital introduced	22,474		-
Balance owed by the director at year end	(69,114)		(75,480)

Page 5