Gold Seal Home Care Limited - Accounts to registrar (filleted) - small 18.1
Gold Seal Home Care Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Year Ended 31 October 2017 |
| for |
| Gold Seal Home Care Limited |
| Gold Seal Home Care Limited (Registered number: SC132183) |
| Contents of the Financial Statements |
| For The Year Ended 31 October 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Gold Seal Home Care Limited |
| Company Information |
| For The Year Ended 31 October 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Cambuslang Court |
| Cambuslang |
| Glasgow |
| Strathclyde |
| G32 8FH |
| Gold Seal Home Care Limited (Registered number: SC132183) |
| Balance Sheet |
| 31 October 2017 |
| 31.10.17 | 31.10.16 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| 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 |
| Gold Seal Home Care Limited (Registered number: SC132183) |
| Notes to the Financial Statements |
| For The Year Ended 31 October 2017 |
| 1. | STATUTORY INFORMATION |
| Gold Seal Home Care Limited is a |
| 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, rebates, value added |
| tax and other sales taxes. |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing |
| stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent |
| that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
| enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
| which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted |
| or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| 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. |
| Government grants |
| The company credits grants received to a deferred credit account and releases the grant to Profit and Loss Account over the |
| period within which the grant could become repayable. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Gold Seal Home Care Limited (Registered number: SC132183) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 October 2017 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.17 | 31.10.16 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments and accrued income |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.17 | 31.10.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 52,591 | 41,117 |
| Pension fund |
| Accruals and deferred income |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.10.17 | 31.10.16 |
| £ | £ |
| Bank overdrafts |
| The bank hold a bond and floating charge over all assets of the company. |
| 7. | RELATED PARTY DISCLOSURES |
| During the year the company purchased services to the value of £182,833 (2016: £159,083) from Gold Seal Holdings |
| Limited. The director, J McNamee of Gold Seal Home Care Limited is director of this company. |
| At 31st October 2017 the company was owed £nil from Gold Seal Holdings Ltd (2016: £24,339). |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is J McNamee. |