Holly Rise Consultants Limited - Period Ending 2017-10-31

Registration number: 07055543

Holly Rise Consultants Limited

trading as Bluebird Care (Eastbourne and Wealden)

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2017

AIMS William Robertson FCMA
Chartered Management Accountant
Woodside
Cinder Hill
North Chailey
Lewes
East Sussex
BN8 4HP

Holly Rise Consultants Limited

trading as Bluebird Care (Eastbourne and Wealden)

Contents

Company Information	1
Accountants' Report	2
Abridged Balance Sheet	3 to 4
Statement of Changes in Equity	5
Notes to the Abridged Financial Statements	6 to 8

Holly Rise Consultants Limited

trading as Bluebird Care (Eastbourne and Wealden)

Company Information

Directors

Mrs R Blatch Mr N D Blatch

Company secretary

Mrs R Blatch

Registered office

Bluebird Care The Old Printworks 1 Commercial Road Eastbourne BN21 3XQ

Bankers

HSBC Bank plc 153 North Street Brighton East Sussex BN1 1RE

Accountants

AIMS William Robertson FCMA Chartered Management Accountant Woodside Cinder Hill North Chailey Lewes East Sussex BN8 4HP

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Holly Rise Consultants Limited

trading as Bluebird Care (Eastbourne and Wealden)
for the Year Ended 31 October 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Holly Rise Consultants Limited for the year ended 31 October 2017 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Holly Rise Consultants Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Holly Rise Consultants Limited and state those matters that we have agreed to state to the Board of Directors of Holly Rise Consultants Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Holly Rise Consultants Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Holly Rise Consultants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Holly Rise Consultants Limited. You consider that Holly Rise Consultants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Holly Rise Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMS William Robertson FCMA
Chartered Management Accountant
Woodside
Cinder Hill
North Chailey
Lewes
East Sussex
BN8 4HP

8 March 2018

Page 2

Holly Rise Consultants Limited

trading as Bluebird Care (Eastbourne and Wealden)

(Registration number: 07055543)
Abridged Balance Sheet as at 31 October 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	6,407	8,267
Current assets
Debtors		62,130	65,996
Cash at bank and in hand		84,039	43,803
		146,169	109,799
Prepayments and accrued income		1,688	2,048
Creditors: Amounts falling due within one year		(121,398)	(91,209)
Net current assets		26,459	20,638
Net assets		32,866	28,905
Capital and reserves
Called up share capital		100	100
Profit and loss account		32,766	28,805
Total equity		32,866	28,905

For the financial year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

The notes on pages 6 to 8 form an integral part of these abridged financial statements.

Page 3

Holly Rise Consultants Limited

trading as Bluebird Care (Eastbourne and Wealden)

(Registration number: 07055543)
Abridged Balance Sheet as at 31 October 2017

Approved and authorised by the Board on 8 March 2018 and signed on its behalf by:
 

.........................................

Mr N D Blatch

Director

The notes on pages 6 to 8 form an integral part of these abridged financial statements.

Page 4

Holly Rise Consultants Limited

trading as Bluebird Care (Eastbourne and Wealden)

Statement of Changes in Equity for the Year Ended 31 October 2017

	Share capital £	Profit and loss account £	Total £
At 1 November 2016	100	28,805	28,905
Profit for the year	-	23,961	23,961
Total comprehensive income	-	23,961	23,961
Dividends	-	(20,000)	(20,000)
At 31 October 2017	100	32,766	32,866

	Share capital £	Profit and loss account £	Total £
At 1 November 2015	100	24,696	24,796
Profit for the year	-	27,109	27,109
Total comprehensive income	-	27,109	27,109
Dividends	-	(23,000)	(23,000)
At 31 October 2016	100	28,805	28,905

The notes on pages 6 to 8 form an integral part of these abridged financial statements.

Page 5

Holly Rise Consultants Limited

trading as Bluebird Care (Eastbourne and Wealden)

Notes to the Abridged Financial Statements for the Year Ended 31 October 2017

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
Bluebird Care
The Old Printworks
1 Commercial Road
Eastbourne
BN21 3XQ

These financial statements were authorised for issue by the Board on 8 March 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% reducing balance basis
Office equipment	25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 6

Holly Rise Consultants Limited

trading as Bluebird Care (Eastbourne and Wealden)

Notes to the Abridged Financial Statements for the Year Ended 31 October 2017

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 35 (2016 - 39).

Page 7

Holly Rise Consultants Limited

trading as Bluebird Care (Eastbourne and Wealden)

Notes to the Abridged Financial Statements for the Year Ended 31 October 2017

4	Tangible assets

	Total £
Cost or valuation
At 1 November 2016	20,491
At 31 October 2017	20,491
Depreciation
At 1 November 2016	12,224
Charge for the year	1,860
At 31 October 2017	14,084
Carrying amount
At 31 October 2017	6,407
At 31 October 2016	8,267

5

Dividends

	2017	2016
	£	£
Interim dividend of £20,000.00 (2016 - £23,000.00) per ordinary share	20,000	23,000

6	Transition to FRS 102

No adjustments were required to the prior year balance sheet or profit and loss account in respect of the transition to FRS 102.

Page 8