Beaufort Care Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05127330 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

BEAUFORT CARE LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTOR:

Mr K Sanguhan

REGISTERED OFFICE:

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

REGISTERED NUMBER:

05127330 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

ASSETS

FIXED ASSETS

Intangible assets

4

107,990

119,990

Tangible assets

5

1,766,241

1,337,246

1,874,231

1,457,236

CURRENT ASSETS

Stocks

6

2,850

2,100

Debtors

7

26,665

30,164

Cash at bank and in hand

88,095

80,883

117,610

113,147

1,991,841

1,570,383

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Fair value reserve

9

355,240

-

Retained earnings

9

603,284

579,299

SHAREHOLDERS' FUNDS

959,524

580,299

PROVISIONS FOR LIABILITIES

10

88,810

-

CREDITORS

11

943,507

990,084

1,991,841

1,570,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 April 2018 and were signed by:

Mr K Sanguhan - Director

1.	STATUTORY INFORMATION

Beaufort Care Limited is a private company, limited by shares , registered in England and Wales. The 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 August 2017 are the first that are prepared in accordance with FRS

102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 September 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Nil rate

Plant and machinery

-

5% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

30% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement

of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

230,759

AMORTISATION

At 1 September 2016

110,769

Amortisation for year

12,000

At 31 August 2017

122,769

NET BOOK VALUE

At 31 August 2017

107,990

At 31 August 2016

119,990

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 September 2016

1,120,600

390,536

109,659

5,998

1,626,793

Additions

-

-

4,545

-

4,545

Revaluations

379,400

-

-

-

379,400

At 31 August 2017

1,500,000

390,536

114,204

5,998

2,010,738

DEPRECIATION

At 1 September 2016

64,650

156,956

62,495

5,446

289,547

Charge for year

-

11,679

7,756

165

19,600

Revaluation adjustments

(64,650

)

-

-

-

(64,650

)

At 31 August 2017

-

168,635

70,251

5,611

244,497

NET BOOK VALUE

At 31 August 2017

1,500,000

221,901

43,953

387

1,766,241

At 31 August 2016

1,055,950

233,580

47,164

552

1,337,246

Cost or valuation at 31 August 2017 is represented by:

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2016

379,400

-

-

-

379,400

Cost

1,120,600

390,536

114,204

5,998

1,631,338

1,500,000

390,536

114,204

5,998

2,010,738

If freehold Properties had not been revalued they would have been included at the following historical cost:

31.8.17

31.8.16

£

£

Cost

1,120,600

-

Value of land in freehold land and buildings

1,500,000

-

Freehold Properties were valued on Fair Value basis on 1 August 2016 by The Director of the Company .

6.

STOCKS

31.8.17

31.8.16

£

£

Stocks

2,850

2,100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

25,315

27,145

Other debtors

1,350

1,350

Prepayments

-

1,669

26,665

30,164

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 September 2016

579,299

-

579,299

Profit for the year

143,985

143,985

Dividends

(120,000

)

(120,000

)

Addition

-

355,240

355,240

At 31 August 2017

603,284

355,240

958,524

10.	PROVISIONS FOR LIABILITIES

31.8.17

31.8.16

£

£

Deferred tax

88,810

-

Deferred

tax

£

Provided during year

88,810

Balance at 31 August 2017

88,810

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

-

2,172

Tax

32,180

25,516

Social security and other taxes

9,241

9,564

Other creditors

-

12,001

Raintree Ltd

235,000

190,000

Beaufort House Welfare Funds

840

840

Pension Payable

361

-

Directors' current accounts

661,565

747,831

Accrued expenses

4,320

2,160

943,507

990,084