Company Registration No. 05914362 (England and Wales)
STAR NURSING & CARE SERVICES LIMITED
Unaudited accounts
for the year ended 31 August 2017
STAR NURSING & CARE SERVICES LIMITED
Unaudited accounts
Contents
STAR NURSING & CARE SERVICES LIMITED
Company Information
for the year ended 31 August 2017
Directors
SHATU GARBA
JANET ATOMANSON
Company Number
05914362 (England and Wales)
Registered Office
104 WOOLWICH ROAD
GREENWICH
LONDON
SE10 0LE
STAR NURSING & CARE SERVICES LIMITED
Statement of financial position
as at 31 August 2017
Tangible assets
504,433
506,550
Cash at bank and in hand
7,490
7,825
Creditors: amounts falling due within one year
(154,797)
(122,451)
Net current assets
62,019
191,868
Total assets less current liabilities
566,452
698,418
Creditors: amounts falling due after more than one year
(193,106)
(202,681)
Provisions for liabilities
Deferred tax
(1,270)
(1,693)
Net assets
372,076
494,044
Called up share capital
1,000
1,000
Profit and loss account
371,076
493,044
Shareholders' funds
372,076
494,044
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 May 2018.
SHATU GARBA
Director
Company Registration No. 05914362
STAR NURSING & CARE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 August 2017
STAR NURSING & CARE SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05914362. The registered office is 104 WOOLWICH ROAD, GREENWICH, LONDON, SE10 0LE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Depreciation is not provided on investment property assets as any depreciation charge would be immaterial FRS 102 (17.6).
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Deferred tax is not provided on investment properties as cost method is applied under FRS 102 (17.1).
STAR NURSING & CARE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 August 2017
Investment property is included at cost and is not revalued. FRS 102 (17.1) and (17.15a) apply. Furthermore depreciation is not provided as exempted under FRS 102 (17.16).
Deferred tax is not provided on investment properties as cost method is applied under FRS 102 (17.1).
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2016
498,083
34,657
7,000
539,740
At 31 August 2017
498,083
34,657
7,000
539,740
At 1 September 2016
-
27,124
6,066
33,190
Charge for the year
-
1,883
234
2,117
At 31 August 2017
-
29,007
6,300
35,307
At 31 August 2017
498,083
5,650
700
504,433
At 31 August 2016
498,083
7,533
934
506,550
Finished goods
4,600
4,600
Trade debtors
10,914
95,804
Amounts due from group undertakings etc.
185,374
197,870
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
88,933
46,810
Trade creditors
24,797
26,250
Taxes and social security
15,142
26,735
Other creditors
13,566
11,372
Loans from directors
12,359
11,284
8
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
193,106
202,681
STAR NURSING & CARE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 August 2017
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Average number of employees
During the year the average number of employees was 10 (2016: 25).
