Bridge Care Residential Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03994994 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 August 2017

for

Bridge Care Residential Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

PA Howard

SJ Howard

SECRETARY:

H Jackson

REGISTERED OFFICE:

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

REGISTERED NUMBER:

03994994 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

FIXED ASSETS

Intangible assets

4

29,280

37,967

Tangible assets

5

127,591

166,519

156,871

204,486

CURRENT ASSETS

Stocks

3,500

2,300

Debtors

6

107,058

120,560

Cash at bank and in hand

34,859

38,114

145,417

160,974

CREDITORS

Amounts falling due within one year

7

102,981

95,070

NET CURRENT ASSETS

42,436

65,904

TOTAL ASSETS LESS CURRENT LIABILITIES

199,307

270,390

CREDITORS

Amounts falling due after more than one year

8

(35,632

)

(48,994

)

PROVISIONS FOR LIABILITIES

(8,396

)

(16,105

)

NET ASSETS

155,279

205,291

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

155,179

205,191

SHAREHOLDERS' FUNDS

155,279

205,291

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 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.

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 Board of Directors on 30 May 2018 and were signed on its behalf by:

PA Howard - Director

1.	STATUTORY INFORMATION

Bridge Care Residential 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.

Turnover

Turnover represents invoiced sales of services, as adjusted for accrued income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty 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

-

2% on cost

Home equipment

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

Transition to financial reporting standard 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2015. Details of how FRS 102

has affected the reported financial position and financial performance is given within the notes.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

173,746

AMORTISATION

At 1 September 2016

135,779

Amortisation for year

8,687

At 31 August 2017

144,466

NET BOOK VALUE

At 31 August 2017

29,280

At 31 August 2016

37,967

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Home

and

property

equipment

fittings

£

£

£

COST

At 1 September 2016

and 31 August 2017

95,906

156,945

117,747

DEPRECIATION

At 1 September 2016

13,654

79,172

113,198

Charge for year

1,918

30,868

4,549

At 31 August 2017

15,572

110,040

117,747

NET BOOK VALUE

At 31 August 2017

80,334

46,905

-

At 31 August 2016

82,252

77,773

4,549

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2016

and 31 August 2017

5,750

9,410

385,758

DEPRECIATION

At 1 September 2016

3,958

9,257

219,239

Charge for year

1,440

153

38,928

At 31 August 2017

5,398

9,410

258,167

NET BOOK VALUE

At 31 August 2017

352

-

127,591

At 31 August 2016

1,792

153

166,519

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

1,968

28,895

Other debtors

-

3,707

Director's current account

80,793

72,920

S455 tax recoverable

12,719

12,719

Prepayments and accrued income

11,578

2,319

107,058

120,560

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Hire purchase contracts (see note 9)

13,362

13,362

Trade creditors

38,987

23,109

Corporation tax

4,928

10,903

Social security and other taxes

5,477

-

Other creditors

30,060

7,420

Accrued expenses

10,167

40,276

102,981

95,070

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Hire purchase contracts (see note 9)

35,632

48,994

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.8.17

31.8.16

£

£

Net obligations repayable:

Within one year

13,362

13,362

Between one and five years

35,632

48,994

48,994

62,356

Non-cancellable operating

leases

31.8.17

31.8.16

£

£

Within one year

80,000

80,000

Between one and five years

120,000

200,000

200,000

280,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.17

31.8.16

£

£

Hire purchase contracts

48,994

62,356

The hire purchase liability is secured on the assets to which it relates.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2017 and

31 August 2016:

31.8.17

31.8.16

£

£

PA Howard

Balance outstanding at start of year

72,920

74,148

Amounts advanced

37,873

28,772

Amounts repaid

(30,000

)

(30,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

80,793

72,920

12.	TRANSITION TO FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1

September 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.