Penna Homecare Limited Small abridged accounts
Penna Homecare Limited Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
08628233
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Abridged Financial Statements |
Year ended 31 July 2017
Contents |
Page |
Abridged statement of financial position |
1 |
Notes to the abridged financial statements |
3 |
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Abridged Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Debtors |
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Cash at bank and in hand |
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-------- |
-------- |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
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-------- |
-------- |
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Net current assets/(liabilities) |
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(
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-------- |
------- |
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Total assets less current liabilities |
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(
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-------- |
------- |
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Net assets/(liabilities) |
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(
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-------- |
------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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(
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-------- |
------- |
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Shareholders funds/(deficit) |
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(
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------- |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
30 April 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08628233
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Notes to the Abridged Financial Statements |
Year ended 31 July 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 Willow House, Slad Road, Stroud, Gloucestershire, GL5 1QJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 August 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Revenue recognition
Income tax
Tangible assets
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:
Leasehold improvements |
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Equipment |
- |
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Impairment of fixed assets
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
26
(2016:
31
).
5.
Tax on profit/(loss)
Major components of tax expense
2017 |
2016 |
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£ |
£ |
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Current tax:
UK current tax expense |
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– |
Adjustments in respect of prior periods |
– |
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------- |
------- |
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Total current tax |
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------- |
------- |
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------- |
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Tax on profit/(loss) |
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------- |
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Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is lower than (2016: higher than) the
standard rate of corporation tax in the UK
of
19.67
% (2016:
20
%).
2017 |
2016 |
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£ |
£ |
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Profit/(loss) on ordinary activities before taxation |
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(
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------- |
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Profit/(loss) on ordinary activities by rate of tax |
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(
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Adjustment to tax charge in respect of prior periods |
– |
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Effect of capital allowances and depreciation |
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Utilisation of tax losses |
(
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– |
Unused tax losses |
– |
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Rounding on tax charge |
(
1) |
– |
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------- |
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Tax on profit/(loss) |
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-------- |
------- |
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6.
Tangible assets
£ |
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Cost |
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At 1 August 2016 |
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Additions |
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------- |
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At 31 July 2017 |
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Depreciation |
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At 1 August 2016 |
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Charge for the year |
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------- |
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At 31 July 2017 |
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Carrying amount |
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At 31 July 2017 |
1,576 |
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At 31 July 2016 |
1,667 |
------- |
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7.
Directors' advances, credits and guarantees
8.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 August 2015.
No transitional adjustments were required in equity or profit or loss for the year.