Care4Health Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03230858 (England and Wales)

CARE4HEALTH LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2017

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

9

DIRECTOR:

Mrs C Huband

SECRETARY:

G Chakko-George

REGISTERED OFFICE:

8 Mill House Units

Elgar Business Centre

Moseley Road, Hallow

WORCESTER

Worcestershire

WR2 6NJ

REGISTERED NUMBER:

03230858 (England and Wales)

ACCOUNTANTS:

Haines Watts Worcester Limited

Chartered Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

BANKERS:

HSBC

1 Church Street

Malvern

Worcs

WR14 2AB

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the

company is only required to file a Balance Sheet. Readers are cautioned that the Statement of

Comprehensive Income and certain other primary statements and the Report of the Director are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Care4Health Limited for the year ended 31 March 2017 which comprise the

Statement of Comprehensive Income, Balance Sheet, and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Care4Health Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Care4Health Limited and state those matters that we have agreed to state to the director of Care4Health Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Care4Health Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Care4Health Limited. You consider that Care4Health Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Care4Health Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts Worcester Limited

Chartered Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

20 June 2017

FIXED ASSETS

Tangible assets

4

29,413

11,660

CURRENT ASSETS

Stocks

715

715

Debtors

5

579,577

439,078

Cash at bank and in hand

229,147

264,931

809,439

704,724

CREDITORS

Amounts falling due within one year

6

127,058

84,971

NET CURRENT ASSETS

682,381

619,753

TOTAL ASSETS LESS CURRENT LIABILITIES

711,794

631,413

PROVISIONS FOR LIABILITIES

7

4,070

1,412

NET ASSETS

707,724

630,001

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

707,624

629,901

SHAREHOLDERS' FUNDS

707,724

630,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 June 2017 and were signed by:

Mrs C Huband - Director

1.	STATUTORY INFORMATION

Care4Health Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Tools and equipment

-

20% on cost

Office furniture and fittings

-

15% straight line

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% straight line

Stocks

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

and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

Service contracts

Service contracts are accounted for under the stage of completion method and included at the contract

value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Office

Improvements

furniture

to

Tools and

and

property

equipment

fittings

£

£

£

COST

At 1 April 2016

9,806

1,076

16,285

Additions

19,120

-

-

At 31 March 2017

28,926

1,076

16,285

DEPRECIATION

At 1 April 2016

490

1,073

15,943

Charge for year

981

-

299

At 31 March 2017

1,471

1,073

16,242

NET BOOK VALUE

At 31 March 2017

27,455

3

43

At 31 March 2016

9,316

3

342

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2016

11,227

33,352

71,746

Additions

-

751

19,871

At 31 March 2017

11,227

34,103

91,617

DEPRECIATION

At 1 April 2016

10,385

32,195

60,086

Charge for year

211

627

2,118

At 31 March 2017

10,596

32,822

62,204

NET BOOK VALUE

At 31 March 2017

631

1,281

29,413

At 31 March 2016

842

1,157

11,660

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

327,480

360,005

Amounts due under contracts

not yet invoiced

31,763

24,085

Other debtors

203,450

3,450

Sundry loan

980

823

Directors' current accounts

-

22,614

Sec 445 tax

5,654

18,749

Prepayments

10,250

9,352

579,577

439,078

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

938

-

Corporation tax

24,735

14,657

Social security and other taxes

1,362

1,698

VAT

62,603

61,348

Accrued expenses

37,420

7,268

127,058

84,971

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

4,070

1,412

Deferred

tax

£

Balance at 1 April 2016

1,412

Movement in year

2,658

Balance at 31 March 2017

4,070

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2016

629,901

Profit for the year

120,337

Dividends

(42,614

)

At 31 March 2017

707,624

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

Mrs C Huband

Balance outstanding at start of year

22,614

97,614

Amounts repaid

(22,614

)

(75,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

22,614

11.	RELATED PARTY DISCLOSURES

Mrs C Huband

Director

owns premises which she lets to the company at an annual rent of £36,000, (2016 £36,000). There is

no formal lease in existence.

12.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost

convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective 1st

January 2015) as at 1st January 2015.

Reconciliation of Equity

No transitional adjustments were required

Reconciliation of Profit or loss

No transitional adjustments were required