Cumbria Nursing Services (Millfield) Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03315036 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

CUMBRIA NURSING SERVICES (MILLFIELD) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr V Daswani

REGISTERED OFFICE:

Lynton House

23 Mapesbury Road

London

NW2 4HS

BUSINESS ADDRESS:

Penrith Road

Keswick

Cumbria

CA12 4HB

REGISTERED NUMBER:

03315036 (England and Wales)

ACCOUNTANTS:

Livesey Spottiswood Ltd

Chartered Accountants

17 George Street

St Helens

Merseyside

WA10 1DB

BANKERS:

Lloyds TSB Plc

286-288 Station Road

Harrow

Middlesex

HA1 2EB

FIXED ASSETS

Intangible assets

4

-

7,500

Tangible assets

5

1,375,191

1,418,297

1,375,191

1,425,797

CURRENT ASSETS

Debtors

38,275

204,329

Cash at bank and in hand

629,971

428,229

668,246

632,558

CREDITORS

Amounts falling due within one year

197,009

190,047

NET CURRENT ASSETS

471,237

442,511

TOTAL ASSETS LESS CURRENT LIABILITIES

1,846,428

1,868,308

PROVISIONS FOR LIABILITIES

43,600

51,000

NET ASSETS

1,802,828

1,817,308

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,801,828

1,816,308

SHAREHOLDERS' FUNDS

1,802,828

1,817,308

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 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.

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 November 2017 and were signed by:

Mr V Daswani - Director

1.	STATUTORY INFORMATION

Cumbria Nursing Services (Millfield) Ltd 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies

have been consistently applied to all years presented unless otherwise stated. The company adopted FRS 102 in the current

year. The transition to FRS 102 has not affected the reported financial position and performance of the company.

Turnover

Turnover represents residents' fees receivable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of twenty years.

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 reducing balance

Motor vehicles

-

25% on reducing balance

Computer and office equipment

-

33% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2016 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

150,000

AMORTISATION

At 1 April 2016

142,500

Amortisation for year

7,500

At 31 March 2017

150,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

7,500

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

1,880,178

DEPRECIATION

At 1 April 2016

461,881

Charge for year

43,106

At 31 March 2017

504,987

NET BOOK VALUE

At 31 March 2017

1,375,191

At 31 March 2016

1,418,297

6.	RELATED PARTY DISCLOSURES

7.	ULTIMATE CONTROLLING PARTY

Throughout the year the company was controlled by its director Mr V Daswani.