| The Laurels Nursing Home (Hastings) Ltd |
| Registered number: |
05582154 |
| Abbreviated Balance Sheet |
| as at 29 February 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
331,070 |
|
|
363,320 |
| Tangible assets |
3 |
|
|
205,236 |
|
|
215,978 |
|
|
|
|
536,306 |
|
|
579,298 |
|
| Current assets |
| Debtors |
|
|
300,482 |
|
|
165,134 |
| Cash at bank and in hand |
|
|
465,670 |
|
|
439,666 |
|
|
|
766,152 |
|
|
604,800 |
|
| Creditors: amounts falling due within one year |
|
|
(187,093) |
|
|
(199,137) |
|
| Net current assets |
|
|
|
579,059 |
|
|
405,663 |
|
| Total assets less current liabilities |
|
|
|
1,115,365 |
|
|
984,961 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(888,152) |
|
|
(550,597) |
|
|
|
| Net assets |
|
|
|
227,213 |
|
|
434,364 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
227,113 |
|
|
434,264 |
|
| Shareholders' funds |
|
|
|
227,213 |
|
|
434,364 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her 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. |
|
|
|
| B G Thind |
| Director |
| Approved by the board on 28 November 2016 |
|
| The Laurels Nursing Home (Hastings) Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 29 February 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. |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
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 March 2015 |
645,000 |
|
At 29 February 2016 |
645,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 March 2015 |
281,680 |
|
Provided during the year |
32,250 |
|
At 29 February 2016 |
313,930 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
331,070 |
|
At 28 February 2015 |
363,320 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
411,095 |
|
Additions |
57,673 |
|
At 29 February 2016 |
468,768 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2015 |
195,117 |
|
Charge for the year |
68,415 |
|
At 29 February 2016 |
263,532 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
205,236 |
|
At 28 February 2015 |
215,978 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
