Avida Care Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06711125 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

AVIDA CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J C Adams

Mrs J F Adams

SECRETARY:

P J C Adams

REGISTERED OFFICE:

St Petrock House Ashmore Green Road

Cold Ash

Thatcham

Berks

RG18 9JD

REGISTERED NUMBER:

06711125 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

280

-

280

CURRENT ASSETS

Debtors

6

66,938

61,604

Cash at bank and in hand

62,530

89,785

129,468

151,389

CREDITORS

Amounts falling due within one year

7

177,043

199,740

NET CURRENT LIABILITIES

(47,575

)

(48,351

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(47,575

)

(48,071

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(47,675

)

(48,171

)

SHAREHOLDERS' FUNDS

(47,575

)

(48,071

)

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 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 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 Board of Directors on 9 October 2017 and were signed on its behalf by:

P J C Adams - Director

1.	STATUTORY INFORMATION

Avida Care 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 represents amounts chargeable in respect of the provision of social care services to customers.

Goodwill

Positive goodwill is capitalized, classified as an asset on the balance sheet and amortized on a straight line basis

over its useful economic life.it is reviewed for impairment at the end of the first full financial year following the

acquisition and in other period if events or changes in circumstances indicate that the carrying value may not be

recoverable .

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost valuation, less any estimated residual

value, over their expected useful economic life as follows:

Asset class Depreciation method and rate

Office equipment 33% Straight line basis

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension

The company operates a defined contribution pension scheme.Contributions are recognized in the profit and loss

account in the period in which they become payable in accordance with the rules of the scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 70 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

28,000

AMORTISATION

At 1 April 2016

and 31 March 2017

28,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2016

and 31 March 2017

13,118

DEPRECIATION

At 1 April 2016

12,838

Charge for year

280

At 31 March 2017

13,118

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

280

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

29,149

11,191

Other debtors

37,789

50,413

66,938

61,604

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

270

3,121

Taxation and social security

115,362

135,004

Other creditors

61,411

61,615

177,043

199,740

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who have a beneficial interest in 100% of the called up share capital.

9.	GOING CONCERN

The company is trading profitably and meeting its current obligations as they fall due. However, included in

creditors is an estimated liability of £124,391 (2016: £133,593) in respect of PAYE and National Insurance

arrears. Discussions are ongoing with HMRC and current obligations are being paid. The directors have agreed

an initial payment plan with HMRC, and payments have been made in line with this. Taking regard of the

potential inherent uncertainty caused by this liability, the going concern basis has been adopted in the

preparation of these financial statements.