Taher Limited 30/09/2017 iXBRL

30/09/2017 2017-09-30 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2016-10-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 04254807 2016-10-01 2017-09-30 04254807 2017-09-30 04254807 2016-09-30 04254807 2015-10-01 2016-09-30 04254807 2016-09-30 04254807 2015-09-30 04254807 core:IntangibleAssetsOtherThanGoodwill 2016-10-01 2017-09-30 04254807 core:LandBuildings core:ShortLeaseholdAssets 2016-10-01 2017-09-30 04254807 core:FurnitureFittingsToolsEquipment 2016-10-01 2017-09-30 04254807 core:MotorVehicles 2016-10-01 2017-09-30 04254807 bus:Director1 2016-10-01 2017-09-30 04254807 core:IntangibleAssetsOtherThanGoodwill 2016-09-30 04254807 core:IntangibleAssetsOtherThanGoodwill 2017-09-30 04254807 core:LandBuildings core:ShortLeaseholdAssets 2016-09-30 04254807 core:FurnitureFittingsToolsEquipment 2016-09-30 04254807 core:LandBuildings core:ShortLeaseholdAssets 2017-09-30 04254807 core:FurnitureFittingsToolsEquipment 2017-09-30 04254807 core:MotorVehicles 2017-09-30 04254807 core:WithinOneYear 2017-09-30 04254807 core:WithinOneYear 2016-09-30 04254807 core:RetainedEarningsAccumulatedLosses 2015-10-01 2016-09-30 04254807 core:RetainedEarningsAccumulatedLosses 2016-10-01 2017-09-30 04254807 core:ShareCapital 2017-09-30 04254807 core:ShareCapital 2016-09-30 04254807 core:RetainedEarningsAccumulatedLosses 2017-09-30 04254807 core:RetainedEarningsAccumulatedLosses 2016-09-30 04254807 core:ShareCapital 2015-09-30 04254807 core:RetainedEarningsAccumulatedLosses 2015-09-30 04254807 core:LandBuildings core:ShortLeaseholdAssets 2016-09-30 04254807 core:FurnitureFittingsToolsEquipment 2016-09-30 04254807 bus:Director1 2016-09-30 04254807 bus:Director1 2017-09-30 04254807 bus:Director1 2016-09-30 04254807 bus:Director1 2015-10-01 2016-09-30 04254807 bus:SmallEntities 2016-10-01 2017-09-30 04254807 bus:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 04254807 bus:FullAccounts 2016-10-01 2017-09-30 04254807 bus:SmallCompaniesRegimeForAccounts 2016-10-01 2017-09-30 04254807 bus:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30 04254807 1 2016-10-01 2017-09-30

Company registration number: 04254807

Taher Limited

Trading as Ocean Healthcare

Unaudited filleted financial statements

30 September 2017

Taher Limited

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Taher Limited

Statement of financial position

30 September 2017

		2017		2016
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	31,593		27,949
		_______		_______
			31,593		27,949

Current assets
Debtors	7	345,334		240,706
Cash at bank and in hand		50,936		34,172
		_______		_______
		396,270		274,878
Creditors: amounts falling due
within one year	8	( 283,802)		( 137,850)
		_______		_______
Net current assets			112,468		137,028
			_______		_______
Total assets less current liabilities			144,061		164,977


Provisions for liabilities			( 3,216)		( 3,022)

			_______		_______
Net assets			140,845		161,955
			_______		_______

Capital and reserves
Called up share capital			400		400
Profit and loss account			140,445		161,555
			_______		_______
Shareholders funds			140,845		161,955
			_______		_______

For the year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 28 June 2018 , and are signed on behalf of the board by:

Mr K Rudge

Director

Company registration number: 04254807

Taher Limited

Statement of changes in equity

Year ended 30 September 2017

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 October 2015	400	172,694	173,094

Profit for the year		67,961	67,961
	_______	_______	_______
Total comprehensive income for the year	-	67,961	67,961

Dividends paid and payable		( 79,100)	( 79,100)
	_______	_______	_______
Total investments by and distributions to owners	-	( 79,100)	( 79,100)

	_______	_______	_______
At 30 September 2016 and 1 October 2016	400	161,555	161,955

Profit for the year		46,470	46,470
	_______	_______	_______
Total comprehensive income for the year	-	46,470	46,470

Dividends paid and payable		( 67,580)	( 67,580)
	_______	_______	_______
Total investments by and distributions to owners	-	( 67,580)	( 67,580)

	_______	_______	_______
At 30 September 2017	400	140,445	140,845
	_______	_______	_______

Taher Limited

Notes to the financial statements

Year ended 30 September 2017

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Taher Limited, 252 Torquay Road, Paignton, Devon, TQ3 2EZ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Franchise licences	-	20 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	20 %	straight line
Fittings fixtures and equipment	-	20 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 94 (2016: 70 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 October 2016	31,170	31,170
Disposals	(18,535)	(18,535)
	_______	_______
At 30 September 2017	12,635	12,635
	_______	_______
Amortisation
At 1 October 2016	31,170	31,170
Disposals	( 18,535)	( 18,535)
	_______	_______
At 30 September 2017	12,635	12,635
	_______	_______
Carrying amount
At 30 September 2017	-	-
	_______	_______
At 30 September 2016	-	-
	_______	_______

6. Tangible assets

	Short leasehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2016	13,746	19,131	-	32,877
Additions	-	7,368	4,250	11,618
	_______	_______	_______	_______
At 30 September 2017	13,746	26,499	4,250	44,495
	_______	_______	_______	_______
Depreciation
At 1 October 2016	905	4,023	-	4,928
Charge for the year	2,749	4,729	496	7,974
	_______	_______	_______	_______
At 30 September 2017	3,654	8,752	496	12,902
	_______	_______	_______	_______
Carrying amount
At 30 September 2017	10,092	17,747	3,754	31,593
	_______	_______	_______	_______
At 30 September 2016	12,841	15,108	-	27,949
	_______	_______	_______	_______

7. Debtors

	2017	2016
	£	£
Trade debtors	282,844	235,687
Other debtors	62,490	5,019
	_______	_______
	345,334	240,706
	_______	_______

8. Creditors: amounts falling due within one year

	2017	2016
	£	£
Bank loans and overdrafts	104,073	39,118
Trade creditors	8,830	15,014
Corporation tax	11,529	15,278
Social security and other taxes	109,358	61,154
Other creditors	50,012	7,286
	_______	_______
	283,802	137,850
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2017
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr K Rudge	( 643)	515	( 128)
		_______	_______	_______

2016
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr K Rudge	-	( 643)	( 643)
		_______	_______	_______

10. Controlling party

The controlling parties are Mr and Mrs K Rudge by virtue of their ownership of 97.5% of the issued ordinary share capital in the company.

11. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.