Nucare Healthcare Limited
Nucare Healthcare Limited
Registered number: 03821125
Unaudited Financial Statements
For The Year Ended 28 February 2017
Dhillon Accountants Limited
Chartered Accountants
T/A A Dhillon & Co
61-63 Alexandra Road
Walsall
WS1 4DX
Nucare Healthcare Limited
Unaudited Financial Statements
For The Year Ended 28 February 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—8 |
Nucare Healthcare Limited
Balance Sheet
As at
28 February 2017
Balance Sheet
Registered number:
03821125
For the year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 7 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Stocks | 8 |
|
|
||
| Debtors | 9 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 10 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 11 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 12 |
|
|
||
| Share premium account |
|
|
|||
| Profit and loss account |
|
|
|||
| SHAREHOLDERS' FUNDS | 40,127 | 57,244 | |||
Page 1
Nucare Healthcare Limited
Balance Sheet (continued)
As at
28 February 2017
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
|
|
|
|
The notes on pages 4 to 8 form part of these financial statements.
Page 2
Nucare Healthcare Limited
Statement of Changes in Equity
For The Year Ended 28 February 2017
Statement of Changes in Equity
| Share Capital | Share Premium | Profit & Loss Account | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 1 March 2015 |
|
|
|
44,587 |
| Profit for the year and total comprehensive income | - | - |
|
62,657 |
| Dividends paid | - | - | (50,000) | (50,000) |
| As at 29 February 2016 and 1 March 2016 |
|
|
|
57,244 |
| Profit for the year and total comprehensive income | - | - |
|
18,883 |
| Dividends paid | - | - | (36,000) | (36,000) |
| As at |
|
|
|
40,127 |
Page 3
Nucare Healthcare Limited
Notes to the Unaudited Accounts
For The Year Ended 28 February 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with FRS 102 Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The policies applied under the entity's previous accounting framework are not materially different to FRS102 and have not impacted on equity or profit or loss.
The transitional exemptions available in FRS 102 where applicable are stated in relevant accounting policies.
The functional currency is pound sterling because that is the currency of primary economic environment in which the Company operates. The financial statements are also presented in pounds sterling and rounded to nearest £.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
In the application of company's accounting policies, which are described above, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevent. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision effects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no critical judgments and estimations that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Improvements |
|
| Lease Premium |
|
| Fixtures & Fittings |
|
Page 4
Nucare Healthcare Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2017
1.4.
Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value.
1.5.
Deferred Taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilites are not discounted.
1.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
4.
Directors' remuneration
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Company contributions to money purchase pension schemes |
|
|
|
|
|
|
||
Page 5
Nucare Healthcare Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2017
6.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at |
|
||
| As at |
|
||
| Amortisation | |||
| As at |
|
||
| As at |
|
||
| Net Book Value | |||
| As at |
|
||
| As at |
|
||
7.
Tangible Assets
| Land & Property | ||||
|---|---|---|---|---|
| Improvements | Lease Premium | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at |
|
|
|
|
| Additions |
|
|
|
|
| As at |
|
|
|
|
| Depreciation | ||||
| As at |
|
|
|
|
| Provided during the period |
|
|
|
|
| As at |
|
|
|
|
| Net Book Value | ||||
| As at |
|
|
|
|
| As at |
|
|
|
|
Page 6
Nucare Healthcare Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2017
8.
Stocks
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Stock | 28,981 | 25,811 | |
|
|
|
||
9.
Debtors
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
| VAT account |
|
|
|
| Other taxes and social security | - |
|
|
| Amounts owed by group undertakings |
|
|
|
|
|
|
||
10.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Corporation tax |
|
|
|
| Other taxes and social security |
|
- | |
| Other creditors |
|
|
|
| Accruals and deferred income |
|
|
|
| Directors' loan accounts |
|
|
|
|
|
|
||
Page 7
Nucare Healthcare Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2017
11.
Deferred Taxation
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| As at |
|
|
|
| Deferred taxation |
( |
( |
|
| Deferred tax |
|
|
|
The provision for deferred taxation is made up of accelerated capital allowances
13.
Pension Commitments
The company operates a defined contribution pension scheme in respect of the directors. The pension scheme is flexible and there is no commitment on part of the company to pay any specified amount or percentage. The scheme and its assets are held by the independent managers. The pension charge represents contributions paid by the company and amounted to £0.00 (2016 - £15,000.00).
14.
Dividends
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
|
|
|
| 36,000 | 50,000 | ||
15.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Rotahurst (Management Services) Limited who controls 100% of the shares of Nucare Healthcare Limited . Rotahurst (Management Services) Limited is incorporated in England.
16.
General Information
Nucare Healthcare Limited Registered number 03821125 is a limited by shares company incorporated in England & Wales. The Registered Office is First Floor, 61-63 Alexandra Road, Walsall, West Midlands, WS1 4DX.
Page 8