Abbreviated Company Accounts - PLATINUM HOME CARE (SOUTH COAST) LIMITED

PLATINUM HOME CARE (SOUTH COAST) LIMITED - Company Information

05510839 PLATINUM HOME CARE (SOUTH COAST) LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 05510839 2014-09-01 2015-08-31 05510839 2015-08-31 05510839 2014-08-31 05510839 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 05510839 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2015-08-31 uk-gaap-cd-bus:Director3 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 05510839

PLATINUM HOME CARE (SOUTH COAST) LIMITED

Abbreviated Accounts

31 August 2015

PLATINUM HOME CARE (SOUTH COAST) LIMITED Registered Number 05510839

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	1	1
Tangible assets	3	29,700	73
		29,701	74
Current assets
Stocks		49,179	35,027
Debtors		74,643	82,980
Cash at bank and in hand		176	219
		123,998	118,226
Creditors: amounts falling due within one year	4	(150,703)	(99,168)
Net current assets (liabilities)		(26,705)	19,058
Total assets less current liabilities		2,996	19,132
Creditors: amounts falling due after more than one year	4	(60,607)	(45,578)
Total net assets (liabilities)		(57,611)	(26,446)
Capital and reserves
Called up share capital	5	1,000	1,000
Profit and loss account		(58,611)	(27,446)
Shareholders' funds		(57,611)	(26,446)

For the year ending 31 August 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 directors acknowledge their 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 Board on 27 May 2016

And signed on their behalf by:
M D Somner, Director

PLATINUM HOME CARE (SOUTH COAST) LIMITED Registered Number 05510839

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on the basis that the company is a going concern as the directors have agreed to provide funds to enable payment of creditors as they fall due.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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 and buildings leasehold Over the remaining period of the lease
Fixtures, fittings and equipment 15% to 50% straight line

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Deferred taxation
Deferred tax is provided in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Trade debtors
The company uses invoice factoring to manage the collection of its trade debtors. Trade debtors sold are subject to partial recourse which requires the company to make good any cash advances received on customers that do not ultimately settle in full. Cash advances are returnable and are shown separately within creditors and carry interest.

2Intangible fixed assets

	£
Cost
At 1 September 2014	7,041
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	7,041
Amortisation
At 1 September 2014	7,040
Charge for the year	-
On disposals	-
At 31 August 2015	7,040
Net book values
At 31 August 2015	1
At 31 August 2014	1

3Tangible fixed assets

	£
Cost
At 1 September 2014	8,424
Additions	33,207
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	41,631
Depreciation
At 1 September 2014	8,351
Charge for the year	3,580
On disposals	-
At 31 August 2015	11,931
Net book values
At 31 August 2015	29,700
At 31 August 2014	73

4Creditors

	2015 £	2014 £
Secured Debts	112,525	107,235
Instalment debts due after 5 years	22,995	23,818

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000

6Transactions with directors

Name of director receiving advance or credit:	M D Somner
Description of the transaction:	Loan
Balance at 1 September 2014:	£ 822
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 August 2015:	£ 822

The monies advanced by the director are interest free and repayable on demand.

The amount due to the director is included within other creditors.