ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

FOREST PINES CARE LIMITED - Company Information

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Registered number: 09112755










FOREST PINES CARE LIMITED








UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 JULY 2015
 
FOREST PINES CARE LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FOREST PINES CARE LIMITED
FOR THE PERIOD ENDED 31 JULY 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forest Pines Care Limited for the period ended 31 July 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 to us.
 

As a 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/regulations.


This report is made solely to the Board of directors of Forest Pines Care Limited, as a body, in accordance with the terms of our engagement letter dated 18 January 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Forest Pines Care Limited and state those matters that we have agreed to state to the Board of directors of Forest Pines Care Limited, as a body, 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 Forest Pines Care Limited and its Board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Forest Pines Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and loss. You consider that Forest Pines Care Limited is exempt from the statutory audit requirement for the period.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Forest Pines 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.





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

30 March 2016
Page 1
 
FOREST PINES CARE LIMITED
REGISTERED NUMBER: 09112755

ABBREVIATED BALANCE SHEET
AS AT 31 JULY 2015

2015
Note
£
£
 
FIXED ASSETS



 
Tangible assets
 
2
32,275
 
CURRENT ASSETS



 
Debtors
476,116
 
Cash at bank and in hand

387,560




 
863,676
 
CREDITORS: amounts falling due within one year
(920,852)
 
NET CURRENT LIABILITIES


(57,176)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 (24,901)
  
CAPITAL AND RESERVES

 
Called up share capital
3
100
 
Profit and loss account
(25,001)
 
SHAREHOLDERS' DEFICIT
 

 (24,901)


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 July 2015 and of its loss for the period in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Page 2
 
FOREST PINES CARE LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 JULY 2015

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 29 March 2016.





................................................
Mr A Stein
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3
 
FOREST PINES CARE LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 JULY 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

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 January 2015).

1.2
Going concern
The company is dependent upon the continuing support of the landlord. The director remains confident that ongoing support will be forthcoming for the foreseeable future, being a period of at least one year from the approval date of these financial statements, enabling the company to meet its obligations as they fall due.  Accordingly, the financial statements have been prepared on the going concern basis.

1.3
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

1.4
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery
-
25% Straight line
Fixtures and fittings
-
25% Straight line
Office equipment
-
25% Straight line

1.5
Operating leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

Page 4
 
FOREST PINES CARE LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 JULY 2015

2.TANGIBLE FIXED ASSETS



£


Cost 


At 2 July 2014
-

Additions
34,310


At 31 July 2015

34,310



Depreciation


At 2 July 2014
-

Charge for the period
2,035


At 31 July 2015

2,035




Net book value


At 31 July 2015
 32,275

Page 5
 
FOREST PINES CARE LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 JULY 2015

3.SHARE CAPITAL
        2015
        £

Allotted, called up and fully paid


100 Ordinary shares of £1 each
 100

During the period 100 Ordinary shares were issued.


4.DIRECTORS' BENEFITS: ADVANCES, CREDIT AND GUARANTEES

As at 31 July 2015 Mr A Stein, a director, owed the company £51 on a directors loan account.
 
As at 31 July 2015 Mr K Groombridge, a director, owed the company £49 on a directors loan account.
 
Page 6