Solutions (Yorkshire) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03872601 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

SOLUTIONS (YORKSHIRE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs P L Jackson

W J Davies

SECRETARY:

W J Davies

REGISTERED OFFICE:

Corbie Steps

89 Harehills Lane

Leeds

LS7 4HA

REGISTERED NUMBER:

03872601 (England and Wales)

AUDITORS:

Cox Costello & Horne

Chartered Accountants and Statutory Auditors

4th & 5th Floor

14-15 Lower Grosvenor Place

London

SW1W 0EX

FIXED ASSETS

Tangible assets

4

2,395,405

2,647,823

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

113,924

68,735

Cash at bank and in hand

39,313

52,559

154,237

122,294

CREDITORS

Amounts falling due within one year

6

440,152

561,788

NET CURRENT LIABILITIES

(285,915

)

(439,494

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,109,490

2,208,329

PROVISIONS FOR LIABILITIES

219,889

289,999

NET ASSETS

1,889,601

1,918,330

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

1,426,256

1,578,528

Retained earnings

463,245

339,702

SHAREHOLDERS' FUNDS

1,889,601

1,918,330

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2017 and were signed on its behalf by:

W J Davies - Director

1.	STATUTORY INFORMATION

Solutions (Yorkshire) 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 applicable United Kingdom accounting

standards, including Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard

applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The

financial statements have been prepared on the historical cost basis.

All transactions and balances are stated in Sterling.

Going concern

The company is expected to continue to generate positive cash flows for the foreseeable future and for not less

than 12 months from the date of this report. On the basis of their assessment of the company's financial position,

the directors have a reasonable expectation that the company will be able to continue in operational existence

for the foreseeable future which is not less than 12 months from the date of approving these financial

statements. Financial resources include the support provided by the parent entity, ADL plc. Thus they continue

to adopt the going concern basis of accounting in preparing the annual financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In preparing these financial statements, the company has made judgements, estimates and assumptions that

effect the application of accounting policies and the reported amounts of assets, liabilities, income and

expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed

on an ongoing basis. Revision to estimates are recognised prospectively.

Turnover

Turnover represents the fair value of consideration receivable in the ordinary course of business for goods and

services provided.

Revenue from residents of the care homes is recognised as earned, through the provision contracted services.

Turnover wholly arises within the United Kingdom.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on cost

Tangible fixed assets, are initially measured at historic cost and subsequently carried at cost less accumulated

depreciation and any accumulated impairment losses. All costs incurred to bring an asset into its intended

working condition are included in the measurement of cost. The cost of properties is their purchases price

together with the cost of improvement works.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets

have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any

affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the

carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised

immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate

of its recoverable amount, but not in excess of the amount that would have been determined had no impairment

loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in

profit or loss.

Stocks

Stock are stated at the lower of cost, using the first in first out method, and selling price less costs to complete

and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

Basic financial instruments

a) Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured

initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the

effective interest method, less any impairment.

b) Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,

are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost

using the effective interest method.

c) Cash at bank and in hand

Cash and cash equivalents comprise cash balances and call deposits and petty cash.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately

from those of the company in an independently administered fund. The pension costs represents contributions

payable under the scheme by the company to the fund. The company has no liability under the scheme other

than for the payment of those contributions.

Contributions outstanding at the balance sheet date amounted to £Nil (2016 - £Nil).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2016 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 April 2016

2,750,000

74,038

2,824,038

Additions

-

26,010

26,010

Impairments

(230,000

)

-

(230,000

)

At 31 March 2017

2,520,000

100,048

2,620,048

DEPRECIATION

At 1 April 2016

112,752

63,463

176,215

Charge for year

38,400

10,028

48,428

At 31 March 2017

151,152

73,491

224,643

NET BOOK VALUE

At 31 March 2017

2,368,848

26,557

2,395,405

At 31 March 2016

2,637,248

10,575

2,647,823

Included in cost or valuation of land and buildings is freehold land of £ 600,000 (2016 - £ 600,000 ) which is not

depreciated.

Cost or valuation at 31 March 2017 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2017

2,520,000

100,048

2,620,048

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

103,210

59,323

Other debtors

10,714

9,412

113,924

68,735

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

18,134

17,819

Amounts owed to group undertaking

226,938

434,633

Taxation and social security

60,700

42,162

Other creditors

134,380

67,174

440,152

561,788

7.

RESERVES

Revaluation

reserve

£

At 1 April 2016

1,578,528

Revaluation

(230,000

)

Deferred tax

73,128

Depreciation transfer

4,600

At 31 March 2017

1,426,256

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Michael F Cox BSc FCA (Senior Statutory Auditor)

for and on behalf of Cox Costello & Horne

9.	CONTINGENT LIABILITIES

The group's bank loans, as held by ADL plc, are secured by legal mortgages, and fixed and floating charges

over the group's assets, being the group's properties, book debts, plant and machinery and other assets and the

business undertakings. The company has guaranteed these borrowings. The extent of the group's liability at 31

March 2017 was £9,207,401 (2016: £9,858,206). The directors consider it to be highly unlikely that any liability

will crystallise for the company as as a result of this guarantee.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary company of ADL plc (a company incorporated in England and

Wales). ADL plc prepares consolidated financial statements and can be obtained from ADL plc's registered

office. The directors consider these accounts to be both the smallest and largest group of undertakings for which

group accounts are prepared.

At the reporting date, in the directors' opinion, Mr W J Davies was the ultimate controlling party. There has been

no change between the reporting date and date of approval of the financial statements.