THE_FOOTCARE_CENTRE_LIMIT - Accounts

THE FOOTCARE CENTRE LIMITED - Company Information

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Company Registration No. 04974002 (England and Wales)

THE FOOTCARE CENTRE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

TWP Accounting LLP

Chartered Accountants

The Old Rectory

Church Street

Weybridge

Surrey

KT13 8DE

THE FOOTCARE CENTRE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE FOOTCARE CENTRE LIMITED

Company Registration No. 04974002

ABBREVIATED BALANCE SHEET

AS AT 30 November 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

10,469

8,649

Current assets

Stocks

4,800

4,500

Debtors

13,082

7,571

Cash at bank and in hand

34,038

72,483

51,920

84,554

Creditors: amounts falling due within one year

(40,280)

(35,037)

Net current assets

11,640

49,517

Total assets less current liabilities

22,109

58,166

Capital and reserves

Called up share capital

Profit and loss account

22,107

58,164

Shareholders' funds

22,109

58,166

For the financial year ended 30 November 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 6 February 2017

D Armstrong

Director

THE FOOTCARE CENTRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 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

Turnover

Turnover comprises revenue recognised by the company in respect of chiropody and podiatry services supplied during the year.

Income is recognised in the period in which the service is supplied.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Plant and machinery

6 years straight line

Equipment

3 to 5 years straight line

1.5

Stock and work in progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 December 2015

102,900

83,583

186,483

Additions

4,965

At 30 November 2016

102,900

88,548

191,448

Depreciation

At 1 December 2015

102,900

74,935

177,835

Charge for the year

3,144

At 30 November 2016

102,900

78,079

180,979

Net book value

At 30 November 2016

10,469

At 30 November 2015

8,649

THE FOOTCARE CENTRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

200 Ordinary shares of 1p each