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MY CARE (TRAINING) LIMITED
REGISTERED NUMBER: SC498696
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2018
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Creditors: amounts falling due within one year
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Net current (liabilities)/assets
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Total assets less current liabilities
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For the period ended 31 March 2018 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 September 2018.
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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MY CARE (TRAINING) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018
My Care (Training) Limited is a private company, limited by shares, domiciled in Scotland with registration number SC498696. The registered office is 1 East Crailbstone Street, Aberdeen, AB11 6YQ. The trading address is 2 Golden Square, Aberdeen, AB10 1RD.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
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The average monthly number of employees, including directors, during the period was 2 (2017 - 2).
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Page 2
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MY CARE (TRAINING) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018
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Allotted, called up and fully paid
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1 (2017 - 1) Ordinary share of £1.00
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6.Other financial commitments
There is a floating charge over the assets of the company in relation to secured liabilties of the parent company, My Care (Holdings) Limited and its subsidiaries.
The parent and ultimate parent company of My Care (Training) Limited is My Care (Holdings) Limited, a company registered in Scotland with its registered office at 1 East Craibstone Street, Aberdeen, AB11 6YQ and trading address at 2 Golden Square, Aberdeen, AB10 1RD.
Page 3
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