Abbreviated Company Accounts - POLYCARE LIMITED

08377157 POLYCARE LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 08377157 2015-05-01 2016-04-30 08377157 2016-04-30 08377157 2015-04-30 08377157 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 08377157 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:Director3 2015-05-01 2016-04-30 uk-gaap-cd-bus:Director3 2016-04-30 uk-gaap-cd-bus:Director3 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 08377157

POLYCARE LIMITED

Abbreviated Accounts

30 April 2016

POLYCARE LIMITED Registered Number 08377157

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1,917	2,917
Tangible assets	3	3,000	4,500
		4,917	7,417
Current assets
Debtors		4,889	2,976
Cash at bank and in hand		261	403
		5,150	3,379
Creditors: amounts falling due within one year		(8,036)	(8,239)
Net current assets (liabilities)		(2,886)	(4,860)
Total assets less current liabilities		2,031	2,557
Total net assets (liabilities)		2,031	2,557
Capital and reserves
Called up share capital	4	2,000	2,000
Profit and loss account		31	557
Shareholders' funds		2,031	2,557

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 January 2017

And signed on their behalf by:
G Flaxman, Director

POLYCARE LIMITED Registered Number 08377157

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Franchise purchase costs – 20% straight line

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 May 2015	5,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	5,000
Amortisation
At 1 May 2015	2,083
Charge for the year	1,000
On disposals	-
At 30 April 2016	3,083
Net book values
At 30 April 2016	1,917
At 30 April 2015	2,917

3Tangible fixed assets

	£
Cost
At 1 May 2015	7,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	7,500
Depreciation
At 1 May 2015	3,000
Charge for the year	1,500
On disposals	-
At 30 April 2016	4,500
Net book values
At 30 April 2016	3,000
At 30 April 2015	4,500

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2,000 Ordinary shares of £1 each	2,000	2,000

5Transactions with directors

Name of director receiving advance or credit:	Gavin Flaxman
Description of the transaction:	Advances to director
Balance at 1 May 2015:	£ 0
Advances or credits made:	£ 688
Advances or credits repaid:	-
Balance at 30 April 2016:	£ 688