MICHAEL CARLING LIMITED - Accounts to registrar (filleted) - small 18.1
MICHAEL CARLING LIMITED - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 November 2015 to 31 March 2017 |
| for |
| MICHAEL CARLING LIMITED |
| MICHAEL CARLING LIMITED (Registered number: 05984158) |
| Contents of the Financial Statements |
| for the Period 1 NOVEMBER 2015 TO 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MICHAEL CARLING LIMITED |
| Company Information |
| for the Period 1 NOVEMBER 2015 TO 31 MARCH 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants |
| Suite A, 10th Floor Maple House |
| High Street |
| Potters Bar |
| Hertfordshire |
| EN6 5BS |
| MICHAEL CARLING LIMITED (Registered number: 05984158) |
| Balance Sheet |
| 31 MARCH 2017 |
| 31.3.17 | 31.10.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| 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. |
| MICHAEL CARLING LIMITED (Registered number: 05984158) |
| Balance Sheet - continued |
| 31 MARCH 2017 |
| 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 |
| MICHAEL CARLING LIMITED (Registered number: 05984158) |
| Notes to the Financial Statements |
| for the Period 1 NOVEMBER 2015 TO 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| MICHAEL CARLING LIMITED is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and |
| rebates. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of the business in 2006, and the acquisition |
| of patient lists from 2008-2011, is being amortised over its estimated useful life of 25 years. |
| The directors have considered the requirements under Financial Reporting Standard 102 and after undertaking |
| the annual impairment review they believe there should be no change to the existing amortisation policy. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| MICHAEL CARLING LIMITED (Registered number: 05984158) |
| Notes to the Financial Statements - continued |
| for the Period 1 NOVEMBER 2015 TO 31 MARCH 2017 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 November 2015 |
| and 31 March 2017 |
| AMORTISATION |
| At 1 November 2015 |
| Amortisation for period |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 October 2015 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2015 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 October 2015 |
| MICHAEL CARLING LIMITED (Registered number: 05984158) |
| Notes to the Financial Statements - continued |
| for the Period 1 NOVEMBER 2015 TO 31 MARCH 2017 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| £ |
| COST |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| Charge for period |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.10.15 |
| £ | £ |
| Trade debtors |
| Loan to director | 124,433 | - |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.10.15 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Directors' current accounts | - | 401 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.17 | 31.10.15 |
| £ | £ |
| Hire purchase contracts |
| MICHAEL CARLING LIMITED (Registered number: 05984158) |
| Notes to the Financial Statements - continued |
| for the Period 1 NOVEMBER 2015 TO 31 MARCH 2017 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.17 | 31.10.15 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| Hire purchase contracts | 25,889 | - |
| Bank borrowings are secured by way of a fixed and floating charge over the assets of the company. |
| The hire purchase contracts are secured on the assets concerned. |
| 10. | PROVISIONS FOR LIABILITIES |
| 31.3.17 | 31.10.15 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Provided during period |
| Balance at 31 March 2017 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.17 | 31.10.15 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 200 |