Pendine Park Care Organisation (Wrexham) - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02425911 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1ST MAY 2013 TO 31ST DECEMBER 2013

FOR

PENDINE PARK CARE ORGANISATION

(WREXHAM) LIMITED

PREVIOUSLY KNOWN AS

PENDINE PARK CARE ORGANISATION

(SUMMERHILL) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M F Kreft

G H Kreft

SECRETARY:

M F Kreft

REGISTERED OFFICE:

Pendine Park

Summerhill Road

Summerhill

Wrexham

LL11 4YE

REGISTERED NUMBER:

02425911 (England and Wales)

ACCOUNTANTS:

Michael Coxey F.C.A

Erw Fechan

Grange Road

Llangollen

Denbighshire

LL20 8AP

BANKERS:

Barclays Bank plc

84 Mostyn Street

Llandudno

LL30 2SH

FIXED ASSETS

Intangible assets

2

217,665

1,950,998

Tangible assets

3

395,491

442,756

613,156

2,393,754

CURRENT ASSETS

Stocks

36,612

17,738

Debtors

716,890

542,816

Cash at bank and in hand

680,716

258,945

1,434,218

819,499

CREDITORS

Amounts falling due within one year

1,002,417

934,201

NET CURRENT ASSETS/(LIABILITIES)

431,801

(114,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,044,957

2,279,052

CREDITORS

Amounts falling due after more than one year

(115,813

)

(467,631

)

PROVISIONS FOR LIABILITIES

-

(7,777

)

NET ASSETS

929,144

1,803,644

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

929,044

1,803,544

SHAREHOLDERS' FUNDS

929,144

1,803,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2013 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 30th September 2014 and were signed on its behalf by:

G H Kreft - Director

M F Kreft - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services which are exempt from value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

The estimated useful life of the purchased goodwill has been reduced from ten years to five years in order to reflect changes

in accountancy practice being brought in by the introduction of Financial Reporting Standard 102.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures & fittings

-

20% on cost

Motor vehicles

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

and 31st December 2013

3,250,998

AMORTISATION

At 1st May 2013

1,300,000

Amortisation for period

1,733,333

At 31st December 2013

3,033,333

NET BOOK VALUE

At 31st December 2013

217,665

At 30th April 2013

1,950,998

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

883,792

Additions

24,052

At 31st December 2013

907,844

DEPRECIATION

At 1st May 2013

441,036

Charge for period

71,317

At 31st December 2013

512,353

NET BOOK VALUE

At 31st December 2013

395,491

At 30th April 2013

442,756

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

30.4.13

value:

£

£

100

£1 Ord

£1

100

100