Caretech UK Limited - Accounts to registrar - small 17.2
Caretech UK Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| FOR |
| CARETECH UK LIMITED |
| CARETECH UK LIMITED (REGISTERED NUMBER: 03638958) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CARETECH UK LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| CARETECH UK LIMITED (REGISTERED NUMBER: 03638958) |
| BALANCE SHEET |
| 31 OCTOBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium | 9 |
| Profit and loss account | 9 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| CARETECH UK LIMITED (REGISTERED NUMBER: 03638958) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2016 |
| The financial statements were approved by the director on |
| CARETECH UK LIMITED (REGISTERED NUMBER: 03638958) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 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 net invoiced sales of goods and services, excluding value added tax. |
| Prepaid contracts are apportioned over the period of the contract, and only the income relating to the current year |
| is shown in the Profit and Loss Account. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2006, was amortised evenly |
| over its estimated useful life of four years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 provided in full in respect of taxation deferred by timing differences between the treatment of |
| certain items for taxation and accounting purposes. The deferred tax balance has not been discounted. |
| 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 |
| Goodwill |
| £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 |
| AMORTISATION |
| At 1 November 2015 |
| and 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| CARETECH UK LIMITED (REGISTERED NUMBER: 03638958) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2015 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 4. | FIXED ASSET INVESTMENTS |
| Unlisted |
| investments |
| £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 | 12,500 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors | 295,975 | 635,409 |
| Other debtors | 1,050,439 | 843,660 |
| Prepayments and accrued income | 25,675 | 27,786 |
| CARETECH UK LIMITED (REGISTERED NUMBER: 03638958) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Directors' current accounts | 4,501 | 4,501 |
| Accrued expenses and prepaid income | 26,917 | 34,117 |
| 7. | PROVISIONS FOR LIABILITIES |
| 2016 | 2015 |
| £ | £ |
| Deferred tax |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2015 |
| Utilised during year | ( |
) |
| Balance at 31 October 2016 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 9. | RESERVES |
| Profit |
| and loss | Share |
| account | premium | Totals |
| £ | £ | £ |
| At 1 November 2015 |
| Profit for the year |
| At 31 October 2016 |
| CARETECH UK LIMITED (REGISTERED NUMBER: 03638958) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 10. | RELATED PARTY DISCLOSURES |
| The company's sole director Mr A Mears also has an interest in the following companies:- |
| Caretech Adapt & Build Limited |
| During the year Caretech UK Limited paid Caretech Adapt & Build Limited the sum of £11,956 for |
| administration assistance. The company sold goods to the value of £23,332 to Caretech Adapt & Build Limited. |
| Mr A Mears is a 50% shareholder in Caretech Adapt & Build Limited. |
| Essex Supalite Limited |
| During the year Essex Supalite Limited was dormant. Mr A Mears is 100% shareholder in Essex Supalite |
| Limited. |
| During the year the company rented its operating premises from Mr A Mears and Mr P Matanle, a fellow |
| director in Caretech Adapt & Build Limited. A five year lease on normal commercial terms was agreed in 2008 |
| between Caretech UK Limited and Mr A Mears and Mr P Matanle. During the year the company paid rent of |
| £32,572 to them. This transaction was carried out at arms length. |
| It has been noted that the lease has provision for a rent increase which has passed. The parties are currently in the |
| process of ascertaining the current market rent. |
| Included within other creditors is the sum of £4,501(2015: £4,501) owing to the director at the year end. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is |