Independent People Homecare Limited - Period Ending 2016-03-31

Registration number: 07584328

Independent People Homecare Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Independent People Homecare Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Registration number: 07584328

Independent People Homecare Limited
Balance Sheet as at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			11,077			16,901
Current assets
Debtors					391,211			296,936
Cash at bank and in hand					29,409			138,344
					420,620			435,280
Creditors: Amounts falling due within one year					(96,693)			(121,015)
Net current assets					323,927			314,265
Total assets less current liabilities					335,004			331,166
Provisions for liabilities					(1,165)			(1,990)
Net assets					333,839			329,176
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					335,098			329,076
Shareholders' funds					335,198			329,176

For the year ending 31 March 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

Approved by the Board on 12 October 2016 and signed on its behalf by:

S R Bailey
Company secretary

P F Austin
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Independent People Homecare Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of services to customers. Payments made in advance are recognised in the month in which the service is carried out.

Depreciation

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

Asset class	Depreciation method and rate
Office equipment	33% straight line method
Motor vehicles	25% reducing balance

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.

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		25,488			25,488
At 31 March 2016		25,488			25,488
Depreciation
At 1 April 2015		8,587			8,587
Charge for the year		5,824			5,824
At 31 March 2016		14,411			14,411
Net book value
At 31 March 2016		11,077			11,077
At 31 March 2015		16,901			16,901

Page 2

Independent People Homecare Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
S R Bailey
	85,819	95,903	71,359	114,763
P F Austin
	86,490	95,903	95,717	116,043

5

Control

The company is controlled by S R Bailey and P F Austin.

Page 3