The Derby Care Home Limited - Period Ending 2015-11-30

Registration number: 04865435

The Derby Care Home Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015
 

The Derby Care Home Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 6

The Derby Care Home Limited
(Registration number: 04865435)
Abbreviated Balance Sheet at 30 November 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					1			1
Tangible fixed assets		2			369,109			365,987
					369,110			365,988
Current assets
Stocks					2,000			1,500
Debtors					22,650			54,745
Cash at bank and in hand					7,221			37,551
					31,871			93,796
Creditors: Amounts falling due within one year		3			(161,347)			(166,719)
Net current liabilities					(129,476)			(72,923)
Total assets less current liabilities					239,634			293,065
Creditors: Amounts falling due after more than one year		3			(73,491)			(116,425)
Provisions for liabilities					(7,697)			(6,649)
Net assets					158,446			169,991
Capital and reserves
Called up share capital		4			2,200			2,200
Profit and loss account					156,246			167,791
Shareholders' funds					158,446			169,991

The notes on pages 3 to 6 form an integral part of these financial statements.
Page 1

The Derby Care Home Limited
(Registration number: 04865435)
Abbreviated Balance Sheet at 30 November 2015
......... continued

For the year ending 30 November 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 18 July 2016 and signed on its behalf by:

.........................................
B K Chettiar
Director

The notes on pages 3 to 6 form an integral part of these financial statements.
Page 2

The Derby Care Home Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

1	Accounting policies

Basis of preparation

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 April 2008).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date services are delivered and the level of completion of services.

Other grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	straight line basis over 10 years

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% reducing balance
Freehold land and buildings	2% straight line on buildings only

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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The Derby Care Home Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 December 2014		250,000			475,883			725,883
Additions		-			22,127			22,127
Disposals		-			(8,817)			(8,817)
At 30 November 2015		250,000			489,193			739,193
Depreciation
At 1 December 2014		249,999			109,896			359,895
Charge for the year		-			18,026			18,026
Eliminated on disposals		-			(7,838)			(7,838)
At 30 November 2015		249,999			120,084			370,083
Net book value
At 30 November 2015		1			369,109			369,110
At 30 November 2014		1			365,987			365,988

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The Derby Care Home Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		41,986			42,535
Amounts falling due after more than one year		73,491			116,425
Total secured creditors		115,477			158,960

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years by instalments		-			116,425

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A shares of £ 1 each		1,000			1,000			1,000			1,000
Ordinary B shares of £ 1 each		1,000			1,000			1,000			1,000
Ordinary C shares of £ 1 each		100			100			100			100
Ordinary D shares of £ 1 each		100			100			100			100
		2,200			2,200			2,200			2,200

Page 5

The Derby Care Home Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

5	Related party transactions

Directors' advances and credits

	2015 £		2014 £
B K Chettiar
Balance due (from)/to director at start of year	(9,972)		7,919
Dividends voted	40,000		15,000
Drawings	(44,225)		(35,491)
Capital introduced	21,350		2,600
Balance due to/(from) director at year end	7,153		(9,972)
G C Kishnasamy
Balance (from) director at start of year	(32,428)		(13,129)
Dividends voted	60,000		15,000
Drawings	(41,865)		(37,539)
Capital introduced	2,250		3,240
Balance due (from) director at year end	(12,043)		(32,428)

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