1st Care Limited - Limited company - abbreviated - 11.6
1st Care Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
FOR |
1ST CARE LIMITED |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 5 |
1ST CARE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2014 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
BANKERS: |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
1ST CARE LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to eight) have |
been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of 1st Care Limited for the year ended 31 March 2014 which comprise the Profit and Loss Account, the Balance |
Sheet and the related notes from the company's accounting records and from information and explanations you have given |
us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its |
ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the director of 1st Care Limited in accordance with the terms of our engagement letter dated |
22 October 2010. Our work has been undertaken solely to prepare for your approval the financial statements of 1st Care |
Limited and state those matters that we have agreed to state to the director of 1st Care Limited in this report in accordance |
with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume |
responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that 1st Care Limited has kept adequate accounting records and to prepare statutory financial |
statements that give a true and fair view of the assets, liabilities, financial position and profit of 1st Care Limited. You |
consider that 1st Care Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of 1st Care Limited. For this reason, |
we have not verified the accuracy or completeness of the accounting records or information and explanations you have given |
to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
24 December 2014 |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
Investments | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 5 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve |
Profit and loss account | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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 were approved by the director on |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation of |
certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover |
Turnover represents the fee receivable for services provided. Turnover is recognised when the company has a right |
to consideration. |
Goodwill |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are |
depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
Investments |
Fixed asset investments are stated at cost unless, in the opinion of the Directors, there has been an impairment, in |
which case an appropriate adjustment is made. |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2014 |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2013 |
and 31 March 2014 |
AMORTISATION |
At 1 April 2013 |
and 31 March 2014 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 April 2013 |
Additions |
At 31 March 2014 |
DEPRECIATION |
At 1 April 2013 |
Charge for year |
At 31 March 2014 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2014 |
4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 April 2013 |
and 31 March 2014 | 782,699 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Country of incorporation: |
Nature of business: |
% |
Class of shares: | holding |
Ordinary shares | 100.00 |
£ | £ |
Aggregate capital and reserves | 580,002 | 641,361 |
Loss for the year | (61,359 | ) | (30,427 | ) |
5. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
2014 | 2013 |
£ | £ |
Repayable by instalments | - | 102,503 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |
1ST CARE LIMITED (REGISTERED NUMBER: 04254989) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2014 |
7. | RELATED PARTY DISCLOSURES |
At the balance sheet date, creditors less than one year included amounts owed to Regency Investments Limited of |
£252,997 (2013: £522,417) wholly owned subsidiary of the company. The amounts are interest free with no specific |
terms for repayments. |
During the year, the company paid £39,600 for consultancy services to New Green Solutions Ltd, the company in |
which director's spouse has a beneficial interest in. At the balance sheet date, creditors less than one year included |
amounts owed to New Green Solutions Ltd of £6,800. |
Company's administration and accounting functions are carried out from the premises owned by the director. The |
company made payment of £12,000 (2013: £12,000) for the use of the premises as offices on a market rent basis. |
8. | ULTIMATE CONTROLLING PARTY |
The Ultimate controlling party is J Patel by virtue of her 100% interest in the share holdings of company. |