HWCGS Care Limited - Accounts to registrar - small 17.2
HWCGS Care Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| FOR |
| HWCGS CARE LIMITED |
| HWCGS CARE LIMITED (REGISTERED NUMBER: 03957634) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| HWCGS CARE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 17 George Street |
| St Helens |
| Merseyside |
| WA10 1DB |
| HWCGS CARE LIMITED (REGISTERED NUMBER: 03957634) |
| ABRIDGED BALANCE SHEET |
| 31 MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| HWCGS CARE LIMITED (REGISTERED NUMBER: 03957634) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| HWCGS Care Limited is a |
| number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 FRS102 has not affected the reported financial position and performance of the company. |
| Turnover |
| Turnover represents amounts received for services provided. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost |
| includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of |
| each asset on a systematic basis over its expected useful life as follows: |
| Freehold property | - | 2% on cost |
| Improvements to property | - | 15% on reducing balance |
| Fixtures and equipment | - | 15% on reducing balance |
| Motor vehicles | - | 25% on reducing balance |
| Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the |
| recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its |
| recoverable amount, an impairment loss is recognised in profit or loss. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past |
| reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of |
| current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing |
| differences are differences between taxable profits and total comprehensive income as stated in the financial statements that |
| arise from the inclusion of income and expense in tax assessments in periods different from those in which they are |
| recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet |
| date that are expected to apply to the reversal of timing differences. |
| Hire purchase and leasing commitments |
| Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases. |
| Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in |
| accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future |
| periods, are included in creditors. Finance costs are charged against profits on a straight line basis over the periods of the |
| contracts. |
| HWCGS CARE LIMITED (REGISTERED NUMBER: 03957634) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are |
| recognised at the undiscounted amount expected to be paid in exchange for that service. |
| The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they |
| become payable. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 5. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2017 | 2016 |
| £ | £ |
| Between one and five years |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| 7. | RELATED PARTY DISCLOSURES |
| During the year The company paid dividends to HCG (St Helens) Limited, amounting to £382,500 (2016 - £190,300). |
| At the balance sheet date £131 (2016 £160) was due from HCG (St Helens) Limited. |