P & S Healthcare Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05124930 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

P & S Healthcare Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs S O'Regan

SECRETARY:

P O'Regan

REGISTERED OFFICE:

64 - 66 Outram Street

Sutton in Ashfield

Nottinghamshire

NG17 4FS

REGISTERED NUMBER:

05124930 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Tangible assets

2

10,109

10,680

CURRENT ASSETS

Stocks

10,925

25,800

Debtors

86,565

241,862

Cash at bank

21,472

11,418

118,962

279,080

CREDITORS

Amounts falling due within one year

(76,348

)

(180,932

)

NET CURRENT ASSETS

42,614

98,148

TOTAL ASSETS LESS CURRENT LIABILITIES

52,723

108,828

PROVISIONS FOR LIABILITIES

(2,022

)

(2,136

)

NET ASSETS

50,701

106,692

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

50,699

106,690

SHAREHOLDERS' FUNDS

50,701

106,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 February 2016 and were signed by:

Mrs S O'Regan - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

18,500

Additions

2,593

At 31 August 2015

21,093

DEPRECIATION

At 1 September 2014

7,820

Charge for year

3,164

At 31 August 2015

10,984

NET BOOK VALUE

At 31 August 2015

10,109

At 31 August 2014

10,680

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

1

Ordinary B

£1

1

1

1

Ordinary A

£1

1

1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2015 and

31 August 2014:

31.8.15

31.8.14

£

£

Mrs S O'Regan

Balance outstanding at start of year

124,680

94,531

Amounts advanced

83,102

125,149

Amounts repaid

(207,782

)

(95,000

)

Balance outstanding at end of year

-

124,680

Interest has been charged on the loan to the director at a rate of 3.25%/3% pa Interest is calculated

monthly based upon the balance at the end of each month.