IndepenDent Care Plans (UK) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC156942 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2016

for

IndepenDent Care Plans (UK) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Jamieson

W R Longstaff

I A Sharp

M Hunter

K A Leeming

Mrs M A Behrendt

G Rutherford

SECRETARY:

J Jamieson

REGISTERED OFFICE:

Suite A, 4th Floor

River House

Young Street

Inverness

IV3 5BL

REGISTERED NUMBER:

SC156942 (Scotland)

ACCOUNTANTS:

Highland Accountancy Practice

Chartered Accountants

Suite 1A, Willow House

Stoneyfield Business Park

Inverness

Highland

IV2 7PA

FIXED ASSETS

Intangible assets

2

30,425

33,639

Tangible assets

3

14,141

17,676

44,566

51,315

CURRENT ASSETS

Debtors

156,293

141,934

Cash at bank and in hand

388,604

417,575

544,897

559,509

CREDITORS

Amounts falling due within one year

128,195

107,806

NET CURRENT ASSETS

416,702

451,703

TOTAL ASSETS LESS CURRENT LIABILITIES

461,268

503,018

PROVISIONS FOR LIABILITIES

2,828

3,535

NET ASSETS

458,440

499,483

CAPITAL AND RESERVES

Called up share capital

4

35,000

35,000

Capital Redemption Reserve

2,000

2,000

Profit and Loss Account

421,440

462,483

SHAREHOLDERS' FUNDS

458,440

499,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 7 June 2016 and were signed on its behalf by:

M Hunter - 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 January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Office Equipment

-

20% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

50,207

Additions

19,932

At 31 March 2016

70,139

AMORTISATION

At 1 April 2015

16,568

Amortisation for year

23,146

At 31 March 2016

39,714

NET BOOK VALUE

At 31 March 2016

30,425

At 31 March 2015

33,639

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

101,932

DEPRECIATION

At 1 April 2015

84,256

Charge for year

3,535

At 31 March 2016

87,791

NET BOOK VALUE

At 31 March 2016

14,141

At 31 March 2015

17,676

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

35

Ordinary Shares

£1000

35,000

35,000