PHEMACARE LTD - Filleted accounts

PHEMACARE LTD - Filleted accounts

PHEMACARE LTD - Company Information

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Registered number
07476916
PHEMACARE LTD
Filleted Accounts
31 December 2017
PHEMACARE LTD
Registered number: 07476916
Balance Sheet
as at 31 December 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 12,107 5,798
Current assets
Debtors 3 65,610 22,341
Cash at bank and in hand 21,132 10,715
86,742 33,056
Creditors: amounts falling due within one year 4 (61,897) (18,233)
Net current assets 24,845 14,823
Net assets 36,952 20,621
Capital and reserves
Called up share capital 1 1
Profit and loss account 36,951 20,620
Shareholders' funds 36,952 20,621
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Morenikeji Dawud
Director
Approved by the board on 5 June 2018
PHEMACARE LTD
Notes to the Accounts
for the year ended 31 December 2017
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2017 7,435 5,700 13,135
Additions 8,523 - 8,523
At 31 December 2017 15,958 5,700 21,658
Depreciation
At 1 January 2017 4,725 2,612 7,337
Charge for the year 1,596 618 2,214
At 31 December 2017 6,321 3,230 9,551
Net book value
At 31 December 2017 9,637 2,470 12,107
At 31 December 2016 2,710 3,088 5,798
3 Debtors 2017 2016
£ £
Trade debtors 65,610 22,341
4 Creditors: amounts falling due within one year 2017 2016
£ £
Bank loans and overdrafts - 4,250
Corporation tax 4,054 1,514
Other taxes and social security costs 39,878 8,999
Other creditors 17,965 3,470
61,897 18,233
5 Controlling party
The company is controlled by the director who owns 100% of the called up share capital.
6 Other information
PHEMACARE LTD is a private company limited by shares and incorporated in England. Its registered office is:
276 Monument Road
Birmingham
West Midlands
B16-8XF
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