Social Care Locums Ltd. - Period Ending 2017-05-31

Social Care Locums Ltd.

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Registration number: 06908152

Social Care Locums Ltd.
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Social Care Locums Ltd. (Registration number: 06908152)
Abbreviated Balance Sheet
at 31 May 2016

		Note			2016						2015
	£			£			£			£
Fixed assets
Tangible fixed assets								1,674						2,784
Current assets
Debtors					302,792						289,125
Cash at bank and in hand					21,999						5,245
					324,791						294,370
Creditors: Amounts falling due within one year					(284,361)						(202,813)
Net current assets								40,430						91,557
Net assets								42,104						94,341
Capital and reserves
Called up share capital		4			2						2
Profit and loss account					42,102						94,339
Shareholders' funds								42,104						94,341

For the year ending 31 May 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 19 August 2016 and signed on its behalf by:

 Mr H Sethi
 Director

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

Social Care Locums Ltd.
Notes to the Abbreviated Accounts
for the Year Ended 31 May 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, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over hier expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		6,357			6,357
At 31 May 2016		6,357			6,357
Depreciation
At 1 June 2015		3,573			3,573
Charge for the year		1,110			1,110
At 31 May 2016		4,683			4,683
Net book value
At 31 May 2016		1,674			1,674
At 31 May 2015		2,784			2,784

Page 2

Social Care Locums Ltd.
Notes to the Abbreviated Accounts
for the Year Ended 31 May 2016......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		157,657			99,473

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

5	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr H Sethi
Advance	53,452	-	61,954	-
Mrs S Sethi
Advance	53,453	-	61,954	-

Page 3