PHEMACARE LTD - Filleted accounts

PHEMACARE LTD - Filleted accounts

PHEMACARE LTD - Company Information

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Registered number
07476916
PHEMACARE LTD
Filleted Accounts
31 December 2016
PHEMACARE LTD
Registered number: 07476916
Balance Sheet
as at 31 December 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 5,798 6,048
Current assets
Debtors 3 22,341 31,141
Cash at bank and in hand 10,715 16,667
33,056 47,808
Creditors: amounts falling due within one year 4 (18,233) (39,993)
Net current assets 14,823 7,815
Net assets 20,621 13,863
Capital and reserves
Called up share capital 1 1
Profit and loss account 20,620 13,862
Shareholders' funds 20,621 13,863
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Olalekan Odetola
Director
Approved by the board on 28 September 2017
PHEMACARE LTD
Notes to the Accounts
for the year ended 31 December 2016
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2016 6,235 5,700 11,935
Additions 1,200 - 1,200
At 31 December 2016 7,435 5,700 13,135
Depreciation
At 1 January 2016 4,047 1,840 5,887
Charge for the year 678 772 1,450
At 31 December 2016 4,725 2,612 7,337
Net book value
At 31 December 2016 2,710 3,088 5,798
At 31 December 2015 2,188 3,860 6,048
3 Debtors 2016 2015
£ £
Trade debtors 22,341 24,000
Other debtors - 7,141
22,341 31,141
4 Creditors: amounts falling due within one year 2016 2015
£ £
Bank loans and overdrafts 4,250 -
Corporation tax 1,514 3,133
Other taxes and social security costs 8,999 1,160
Other creditors 3,470 35,700
18,233 39,993
5 Other information
PHEMACARE LTD is a private company limited by shares and incorporated in England. Its registered office is:
276 Monument Road
Birmingham
West Midlands
B16-8XF
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