| Saturn Healthcare Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Saturn Healthcare Limited for the year ended 31 March 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Saturn Healthcare Limited for the year ended 31 March 2016 which comprise of 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. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Saturn Accountancy Services |
| Chartered Accountants |
| 21 Bracon Road |
| Belton |
| Great Yarmouth |
| Norfolk |
| NR31 9PS |
|
| 19 September 2016 |
|
| Saturn Healthcare Limited |
| Registered number: |
07494358 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
393,604 |
|
|
449,833 |
| Tangible assets |
3 |
|
|
665,919 |
|
|
668,206 |
| Investments |
4 |
|
|
4 |
|
|
4 |
|
|
|
|
1,059,527 |
|
|
1,118,043 |
|
| Current assets |
| Stocks |
|
|
750 |
|
|
100 |
| Debtors |
|
|
14,781 |
|
|
20,852 |
| Cash at bank and in hand |
|
|
63,888 |
|
|
107,276 |
|
|
|
79,419 |
|
|
128,228 |
|
| Creditors: amounts falling due within one year |
|
|
(1,045,722) |
|
|
(864,376) |
|
| Net current liabilities |
|
|
|
(966,303) |
|
|
(736,148) |
|
| Total assets less current liabilities |
|
|
|
93,224 |
|
|
381,895 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(191,727) |
|
| Provisions for liabilities |
|
|
|
(27,689) |
|
|
(23,060) |
|
|
| Net assets |
|
|
|
65,535 |
|
|
167,108 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
6 |
|
|
1 |
|
|
1 |
| Preference shares |
|
|
|
- |
|
|
100,000 |
| Profit and loss account |
|
|
|
65,534 |
|
|
67,107 |
|
| Shareholder's funds |
|
|
|
65,535 |
|
|
167,108 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr Darren Buckworth |
| Director |
| Approved by the board on 19 September 2016 |
|
| Saturn Healthcare Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold Property |
2% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
562,291 |
|
At 31 March 2016 |
562,291 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
112,458 |
|
Provided during the year |
56,229 |
|
At 31 March 2016 |
168,687 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
393,604 |
|
At 31 March 2015 |
449,833 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
721,798 |
|
Additions |
19,144 |
|
At 31 March 2016 |
740,942 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
53,592 |
|
Charge for the year |
21,431 |
|
At 31 March 2016 |
75,023 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
665,919 |
|
At 31 March 2015 |
668,206 |
|
|
|
|
|
|
|
|
| 4 |
Investments |
£ |
|
|
Cost |
|
At 1 April 2015 |
4 |
|
|
At 31 March 2016 |
4 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Bungay House Limited |
Ordinary |
100 |
|
4 |
|
- |
|
| 5 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
- |
|
183,982 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
Preference shares |
£1 each |
|
100,000 |
|
- |
|
100,000 |
|
|
|
|
|
|
1 |
|
100,001 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Redeemable preference shares |
|
|
The company originally issued 200,000 £1 redeemable preference shares, these have no set redemption date and are redeemable at the option of the company only. During the previous year, 100,000 of these were fully redeemed. During this year the remaining 100,000 were fully redeemed. |
|
|
| 8 |
Ultimate controlling party |
|
|
The ultimate controlling party is Saturn Healthcare (Holdings) Limited, a company incorporated in England. |
