De Mowbray Care Homes Limited - Abbreviated accounts

DE MOWBRAY CARE HOMES LIMITED - Company Information

Print Friendly Version

Registered number

03006614

De Mowbray Care Homes Limited

Abbreviated Accounts

31 March 2016

Lynden Consultancy Limited

Accountants

Lynden

Catton

Thirsk

N Yorkshire

YO7 4SH

De Mowbray Care Homes Limited
Registered number:		03006614
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		140,495			316,119

Current assets
Stocks		750			750
Debtors		2,415,866			2,072,608
Cash at bank and in hand		12,736			13,894
		2,429,352			2,087,252

Creditors: amounts falling due within one year		(74,817)			(17,772)

Net current assets			2,354,535			2,069,480

Total assets less current liabilities			2,495,030			2,385,599

Creditors: amounts falling due after more than one year			(17,803)			(20,804)



Net assets			2,477,227			2,364,795

Capital and reserves
Called up share capital	3		1,200,002			1,200,002
Profit and loss account			1,277,225			1,164,793

Shareholder's funds			2,477,227			2,364,795

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.



Mr D Weston
Director
Approved by the board on 21 December 2016

De Mowbray Care Homes Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 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 January 2015).

	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			10% straight line
	Motor vehicles			10% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					355,642
	Disposals					(188,052)
	At 31 March 2016					167,590

	Depreciation
	At 1 April 2015					39,523
	On disposals					(12,428)
	At 31 March 2016					27,095

	Net book value
	At 31 March 2016					140,495
	At 31 March 2015					316,119


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,200,002		1,200,002		1,200,002