H Plus Care Ltd - Abbreviated accounts 16.1
H Plus Care Ltd - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2015 |
| for |
| H Plus Care Ltd |
| H Plus Care Ltd (Registered number: 05736767) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 6 |
| H Plus Care Ltd |
| Company Information |
| for the Year Ended 30 June 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| H Plus Care Ltd (Registered number: 05736767) |
| Abbreviated Balance Sheet |
| 30 June 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their 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. |
| H Plus Care Ltd (Registered number: 05736767) |
| Abbreviated Balance Sheet - continued |
| 30 June 2015 |
| The financial statements were approved by the Board of Directors on |
| H Plus Care Ltd (Registered number: 05736767) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| Going concern |
| The company was able to continue operations largely as a result of support from the previous parent company, |
| European Care & Lifestyles (UK) Limited and its subsidiaries, and subsequently from the acquiror of the various |
| subsidiaries of Embrace Group Limited. |
| Following the change of ownership in March 2015, the management of the company has made inroads into better |
| occupancy rates of the home and continue to receive support form the landlord and the parties that have acquired |
| the debts owed by the company to the previous parent company. |
| Turnover |
| Revenue comprises the fair value of fee income receivable for the period in respect of the provision of care |
| services and is recognised in respect of the days that care has been provided in the relevant period. Revenue |
| invoiced in advance is included in deferred income until service is provided. |
| 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 less estimated residual value of each asset over its expected useful life, as follows: |
| Land & Buildings | - Over the term of the lease |
| Plant & Machinery | - 20% reducing balance |
| Fixtures, fittings & equipment | - 20% straight line |
| Motor vehicles | - 25% reducing balance |
| 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. |
| Provisions |
| A provision is recognised in the balance sheet when the company has a present legal or constructive obligation as |
| a result of a past event, that can be reliably measured and it is probable that an outflow of economic benefits will |
| be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a |
| pre-tax rate that reflects risks specific to the liability. |
| Property related provisions |
| A dilapidation provision is recognised when there is an expectation of future obligations relating to the |
| maintenance of leasehold properties arising from events such as lease renewals or terminations. |
| A provision for vacant or loss making properties is recognised when the expected benefits to be derived by the |
| company from a contract are lower than the unavoidable cost of meeting its obligations under the contract. The |
| provision is measured at the present value of the lower of the expected cost of terminating the contract and the |
| expected net cost of continuing with the contract. Before a provision is established, the company recognises any |
| impairment loss on the assets associated with that contract. The main uncertainty is the timing of the amounts |
| payable, and the time value of money has been incorporated into the provision amount to take account of this |
| sensitivity. |
| H Plus Care Ltd (Registered number: 05736767) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary shares | £1 |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| H Plus Care Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of H Plus Care Ltd for the year ended 30 June 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 us. |
| As a practising 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/membershandbook. |
| This report is made solely to the Board of Directors of H Plus Care Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H Plus Care Ltd and state those matters that we have agreed to state to the Board of Directors of H Plus Care Ltd, 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 the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that H Plus Care Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of H Plus Care Ltd. You consider that H Plus Care Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of H Plus Care Ltd. 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. |
| Chartered Accountants |
| 22 April 2016 |