PCS (Personal Care Services) Limited Small abridged accounts

PCS (PERSONAL CARE SERVICES) LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of PCS (Personal Care Services) Limited have consented to the preparation of the statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 08664726

PCS (Personal Care Services) Limited

Unaudited Abridged Financial Statements

30 June 2017

JVSA ACCOUNTANTS

Chartered Accountants

20 Derby Street

Ormskirk

Lancashire

L39 2BY

PCS (Personal Care Services) Limited

Abridged Financial Statements

Year ended 30 June 2017

Contents	Page

Statement of income and retained earnings	1

Abridged statement of financial position	2

Notes to the abridged financial statements	4

PCS (Personal Care Services) Limited

Statement of Income and Retained Earnings

Year ended 30 June 2017

	2017	2016
Note	£	£
Gross profit	461,677	340,448

Administrative expenses	273,754	221,287
	---------	---------
Operating profit	187,923	119,161

Other interest receivable and similar income		41	125
Interest payable and similar expenses		4,305	2,966
		---------	---------
Profit before taxation	5	183,659	116,320

Tax on profit	34,297	23,264
	---------	---------
Profit for the financial year and total comprehensive income	149,362	93,056
	---------	---------

Dividends paid and payable	( 39,000)	( 33,000)

Retained earnings at the start of the year	187,590	127,534
	---------	---------
Retained earnings at the end of the year	297,952	187,590
	---------	---------

All the activities of the company are from continuing operations.

PCS (Personal Care Services) Limited

Abridged Statement of Financial Position

30 June 2017

	2017	2016
Note	£	£

Fixed assets

Tangible assets	6	87,226	43,678

Current assets

Debtors	336,722	282,599
Cash at bank and in hand	130,382	37,653
	---------	---------
	467,104	320,252

Creditors: amounts falling due within one year	216,270	157,323
	---------	---------
Net current assets	250,834	162,929
	---------	---------
Total assets less current liabilities	338,060	206,607

Creditors: amounts falling due after more than one year	32,161	12,753

Provisions	7,946	6,263
	---------	---------
Net assets	297,953	187,591
	---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	297,952	187,590
	---------	---------
Member funds	297,953	187,591
	---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

PCS (Personal Care Services) Limited

Abridged Statement of Financial Position (continued)

30 June 2017

These abridged financial statements were approved by the board of directors and authorised for issue on 18 March 2018 , and are signed on behalf of the board by:

Nigel Fielding
Director

Company registration number: 08664726

PCS (Personal Care Services) Limited

Notes to the Abridged Financial Statements

Year ended 30 June 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 6, West Lancs Business Centre, Maple View, Whitemoss Business Park, Skelmersdale, WN8 9TG, Lancashire.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.There are no estimates or judgements included in these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office equipment	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Staff costs

The average number of persons employed by the company during the year, including the director, amounted to 100 (2016: 84).

5. Profit before taxation

Profit before taxation is stated after charging:

	2017	2016
	£	£
Depreciation of tangible assets	28,852	16,045
	--------	--------

6. Tangible assets

	£
Cost
At 1 July 2016	70,879
Additions	80,775
Disposals	( 14,889)
	---------
At 30 June 2017	136,765
	---------
Depreciation
At 1 July 2016	27,201
Charge for the year	28,852
Disposals	( 6,514)
	---------
At 30 June 2017	49,539
	---------
Carrying amount
At 30 June 2017	87,226
	---------
At 30 June 2016	43,678
	---------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2017
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Nigel Fielding	( 19,610)	( 1,678)	( 21,288)
	--------	-------	--------

	2016
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Nigel Fielding	( 43,126)	23,516	( 19,610)
	--------	--------	--------