GNOSALL_HEALTH_CARE_LIMIT - Accounts

GNOSALL HEALTH CARE LIMITED - Company Information

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Company Registration No. 3222950 (England and Wales)

GNOSALL HEALTH CARE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

GNOSALL HEALTH CARE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GNOSALL HEALTH CARE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

184,512

211,692

Tangible assets

36,006

45,546

220,518

257,238

Current assets

Stocks

109,886

94,415

Debtors

675,472

547,976

Cash at bank and in hand

536,438

274,023

1,321,796

916,414

Creditors: amounts falling due within one year

(663,038)

(321,129)

Net current assets

658,758

595,285

Total assets less current liabilities

879,276

852,523

Provisions for liabilities

(5,103)

(6,678)

874,173

845,845

Capital and reserves

Called up share capital

48,004

Profit and loss account

826,169

797,841

Shareholders' funds

874,173

845,845

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2016

Dr I C Greaves

Director

Company Registration No. 3222950

GNOSALL HEALTH CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the invoiced amount of goods sold and services provided stated net of value added tax.

The turnover is attributable to the principal activity of the company.

1.4

Goodwill

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being amortised in equal annual instalments over its estimated useful economic life of 10 years.

The goodwill acquired in 2005 has been capitalised and is amortised on the straight line basis over the estimated useful economic life of 25 years. This basis has been chosen because the directors are of the opinion that the profitable lifespan of the business acquired is not less than 25 years which is also the lease term of the specialised premises occupied by the company.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

10% per annum reducing balance

Fixtures, fittings & equipment

10% per annum straight line

Motor vehicles

25% per annum reducing balance

GNOSALL HEALTH CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2015

528,800

207,899

736,699

Additions

987

At 30 April 2016

528,800

208,886

737,686

Depreciation

At 1 May 2015

317,108

162,353

479,461

Charge for the year

27,180

10,527

37,707

At 30 April 2016

344,288

172,880

517,168

Net book value

At 30 April 2016

184,512

36,006

220,518

At 30 April 2015

211,692

45,546

257,238

Share capital

2016

2015

Allotted, called up and fully paid

48,004 Ordinary of £1 each

48,004