Bush Home Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07963946 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Bush Home Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

MR R ODEDRA

MRS U ODEDRA

REGISTERED OFFICE:

1 Cotton Lane

Erdington

Birmingham

B23 6TP

REGISTERED NUMBER:

07963946 (England and Wales)

ACCOUNTANTS:

A K Patel & Co. Chartered Accountants

1 Coton Lane

Erdington

Birmingham

West Midlands

B23 6TP

FIXED ASSETS

Intangible assets

2

625,891

664,651

Tangible assets

3

773,789

789,888

1,399,680

1,454,539

CURRENT ASSETS

Stocks

1,100

1,050

Debtors

72,164

27,556

Cash at bank and in hand

40,158

60,521

113,422

89,127

CREDITORS

Amounts falling due within one year

149,876

134,620

NET CURRENT LIABILITIES

(36,454

)

(45,493

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,363,226

1,409,046

CREDITORS

Amounts falling due after more than one
year

4

(1,316,809

)

(1,392,144

)

PROVISIONS FOR LIABILITIES

(16,491

)

(17,782

)

NET ASSETS/(LIABILITIES)

29,926

(880

)

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

29,924

(882

)

SHAREHOLDERS' FUNDS

29,926

(880

)

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

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

MR R ODEDRA - 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 is attributable solely to continuing operations and derives from activity that of operating residential

home for elderly.

Goodwill

Goodwill is the difference between the amount paid in connection with the acquisition of a business and the

aggregate fair value of its separable net assets. It is being amortised evenly over its estimated economic useful

life of 15years.

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

-

15% on reducing balance

Freehold property - amortisation over 50 years straight line basis

Motor vehicle - depreciated 25% on 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 July 2015

and 30 June 2016

775,213

AMORTISATION

At 1 July 2015

110,562

Amortisation for year

38,760

At 30 June 2016

149,322

NET BOOK VALUE

At 30 June 2016

625,891

At 30 June 2015

664,651

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

860,114

Additions

8,496

Disposals

(713

)

At 30 June 2016

867,897

DEPRECIATION

At 1 July 2015

70,226

Charge for year

24,562

Eliminated on disposal

(680

)

At 30 June 2016

94,108

NET BOOK VALUE

At 30 June 2016

773,789

At 30 June 2015

789,888

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.6.16

30.6.15

£

Repayable otherwise than by instalments

348,279

368,629

Repayable by instalments

957,724

1,003,121

1,306,003

1,371,750

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

2

Ordinary

1

2