Mobility Care Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05405370 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Mobility Care Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K Ranton

T K Batten

J Blakie

SECRETARY:

T K Batten

REGISTERED OFFICE:

12B Southwick Industrial Estate

North Hylton Road

Sunderland

Tyne and Wear

SR5 3TX

REGISTERED NUMBER:

05405370 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

BANKERS:

Barclays Bank

Head Office

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

2

2,218

3,999

CURRENT ASSETS

Stocks

28,912

20,019

Debtors

10,527

38,120

Cash at bank and in hand

46,640

53,286

86,079

111,425

CREDITORS

Amounts falling due within one year

50,769

51,418

NET CURRENT ASSETS

35,310

60,007

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,528

64,006

PROVISIONS FOR LIABILITIES

277

597

NET ASSETS

37,251

63,409

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

37,248

63,406

SHAREHOLDERS' FUNDS

37,251

63,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 22 December 2016 and were signed on its behalf by:

J Blakie - Director

K Ranton - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in

operational existence for the foreseeable future, which the directors consider to be appropriate.

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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable

value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or

damaged stock where the net realisable value is less than cost.

Deferred tax

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

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it

can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which the

timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

31,867

Additions

324

Disposals

(9,885

)

At 31 March 2016

22,306

DEPRECIATION

At 1 April 2015

27,868

Charge for year

951

Eliminated on disposal

(8,731

)

At 31 March 2016

20,088

NET BOOK VALUE

At 31 March 2016

2,218

At 31 March 2015

3,999

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3

Ordinary

£1

3

4.

CONTROL

The company was under the control of the directors in the current and previous year.