BYWAY_CARE_LIMITED - Accounts

BYWAY_CARE_LIMITED - Accounts

BYWAY CARE LIMITED - Company Information

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Company Registration No. 04665619 (England and Wales)
BYWAY CARE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2014
BYWAY CARE LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
BYWAY CARE LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BYWAY CARE LIMITED FOR THE YEAR ENDED 28 FEBRUARY 2014
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 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 Byway Care Limited for the year ended 28 February 2014 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, 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 Byway Care Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Byway Care Limited and state those matters that we have agreed to state to the Board of Directors of Byway 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 Byway Care Limited and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Byway Care Limited 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 profit of Byway Care Limited. You consider that Byway Care Limited 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 Byway 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.
Carpenter Box
10 September 2014
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
BYWAY CARE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2014
28 February 2014
- 2 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
24,000
36,000
Tangible assets
2
49,317
61,699
73,317
97,699
Current assets
Debtors
11,081
4,421
Cash at bank and in hand
81,444
64,934
92,525
69,355
Creditors: amounts falling due within one year
(50,624)
(74,990)
Net current assets/(liabilities)
41,901
(5,635)
Total assets less current liabilities
115,218
92,064
Provisions for liabilities
(7,500)
(9,400)
107,718
82,664
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
107,618
82,564
Shareholders' funds
107,718
82,664
For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 August 2014
Mrs J E Smyth
Director
Company Registration No. 04665619
BYWAY CARE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover

Turnover represents amounts receivable for services.

1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of five years from date of purchase.
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 less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings leasehold
5 years straight line
Plant and machinery
25% per annum reducing balance
Motor vehicles
25% per annum straight line
1.5
Deferred taxation
Deferred taxation is provided in full 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.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2013
60,000
196,866
256,866
Additions
-
0
5,165
5,165
At 28 February 2014
60,000
202,031
262,031
Depreciation
At 1 March 2013
24,000
135,167
159,167
Charge for the period
12,000
17,547
29,547
At 28 February 2014
36,000
152,714
188,714
Net book value
At 28 February 2014
24,000
49,317
73,317
At 28 February 2013
36,000
61,699
97,699
BYWAY CARE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2014
- 4 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
4
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
J E Smyth -
-
-
662
-
-
0
662
C J Smyth -
-
-
662
-
-
0
662
-
1,324
-
-
0
1,324
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