Chalfont Health Care Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04629913 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Chalfont Health Care Limited

Trading as

Vantage Pharmacy

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P K Sabharwal

Mrs N Sabharwal

Mrs S Sharma

Mr A Sharma

SECRETARY:

Mr A Sharma

REGISTERED OFFICE:

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

REGISTERED NUMBER:

04629913 (England and Wales)

ACCOUNTANTS:

Lawrence Grant

Chartered Accountants

& Reporting Accountants

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

FIXED ASSETS

Intangible assets

2

102,000

138,000

Tangible assets

3

4,994

6,685

106,994

144,685

CURRENT ASSETS

Stocks

54,607

62,000

Debtors

191,828

195,338

Cash at bank and in hand

30,871

3,253

277,306

260,591

CREDITORS

Amounts falling due within one year

261,845

266,324

NET CURRENT ASSETS/(LIABILITIES)

15,461

(5,733

)

TOTAL ASSETS LESS CURRENT LIABILITIES

122,455

138,952

CAPITAL AND RESERVES

Called up share capital

4

150

150

Profit and loss account

122,305

138,802

SHAREHOLDERS' FUNDS

122,455

138,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 19 December 2016 and were signed on its behalf by:

Mr P K Sabharwal - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sale made during the year and derives

from the provision of goods falling within the company's ordinary activities.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful life of 5 years.

Tangible fixed assets

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

Fixtures and fittings

-

25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

400,000

AMORTISATION

At 1 May 2015

262,000

Amortisation for year

36,000

At 30 April 2016

298,000

NET BOOK VALUE

At 30 April 2016

102,000

At 30 April 2015

138,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

44,746

Additions

385

At 30 April 2016

45,131

DEPRECIATION

At 1 May 2015

38,061

Charge for year

2,076

At 30 April 2016

40,137

NET BOOK VALUE

At 30 April 2016

4,994

At 30 April 2015

6,685

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

50

Ordinary A Shares

£1

50

50

50

Ordinary B Shares

£1

50

50

50

Ordinary C Shares

£1

50

50

150

150

5.	ULTIMATE PARENT COMPANY

Bishophouse Limited is regarded by the directors as being the company's ultimate parent company.

The parent company is Bishophouse Limited.