| HAIL CARE LTD |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| HAIL CARE LTD |
|
| You consider that the company is exempt from an audit for the year ended 31 January 2014. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Anderson Pierce & Co |
| Accountants |
|
| 14 Alexandria Rd |
| West Ealing |
| LONDON |
| W13 0NR |
|
| 20 October 2014 |
|
| HAIL CARE LTD |
| Balance Sheet |
| as at 31 January 2014 |
|
| Notes |
|
|
2014 |
|
| £ |
|
| Fixed assets |
| Tangible assets |
3 |
|
|
1,624 |
|
| Current assets |
| Debtors |
4 |
|
429 |
| Cash at bank and in hand |
|
|
365 |
|
|
|
794 |
|
|
|
| Creditors: amounts falling due within one year |
5 |
|
(757) |
|
| Net current assets |
|
|
|
37 |
|
|
| Total assets less current liabilities |
|
|
|
1,661 |
|
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(9,684) |
|
|
|
| Net liabilities |
|
|
|
(8,023) |
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
7 |
|
|
(8,023) |
|
| Shareholders' funds |
|
|
|
(8,023) |
|
|
|
|
|
|
|
| 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 members have 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. Ali Siad |
| Director |
| Approved by the board on 20 October 2014 |
|
| HAIL CARE LTD |
| Notes to the Accounts |
| for the year ended 31 January 2014 |
|
| 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 |
20% 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. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
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. |
|
|
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 |
Operating profit |
2014 |
|
| £ |
|
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
406 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
Additions |
2,030 |
|
At 31 January 2014 |
2,030 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
406 |
|
At 31 January 2014 |
406 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2014 |
1,624 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2014 |
|
| £ |
|
|
|
Other debtors |
429 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2014 |
|
| £ |
|
|
|
Bank loans and overdrafts |
157 |
|
Other creditors |
600 |
|
|
|
|
|
|
757 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2014 |
|
| £ |
|
|
|
Other creditors |
9,684 |
|
|
|
|
|
|
|
|
|
| 7 |
Profit and loss account |
2014 |
| £ |
|
|
Loss for the year |
(8,023) |
|
|
At 31 January 2014 |
(8,023) |
|
|
|
|
|
|
|
|
