Abbreviated Company Accounts - OLIVE HOMECARE LTD

Abbreviated Company Accounts - OLIVE HOMECARE LTD

OLIVE HOMECARE LTD - Company Information

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Registered Number 08362023

OLIVE HOMECARE LTD

Abbreviated Accounts

31 January 2016

OLIVE HOMECARE LTD Registered Number 08362023

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 513 1,156
513 1,156
Current assets
Debtors 32,418 29,939
32,418 29,939
Creditors: amounts falling due within one year (31,325) (21,624)
Net current assets (liabilities) 1,093 8,315
Total assets less current liabilities 1,606 9,471
Total net assets (liabilities) 1,606 9,471
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,605 9,470
Shareholders' funds 1,606 9,471
  • For the year ending 31 January 2016 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 13 September 2016

And signed on their behalf by:
T Khan, Director

OLIVE HOMECARE LTD Registered Number 08362023

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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:

Computer equipment 33% straight line
Fixtures, fittings & equipment 15% reducing balance

2Tangible fixed assets
£
Cost
At 1 February 2015 2,181
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2016 2,181
Depreciation
At 1 February 2015 1,025
Charge for the year 643
On disposals -
At 31 January 2016 1,668
Net book values
At 31 January 2016 513
At 31 January 2015 1,156