Nucare Healthcare Limited
Nucare Healthcare Limited
Registered number: 03821125
Unaudited Financial Statements
For The Year Ended 28 February 2018
Dhillon Accountants Limited
Chartered Accountants
T/A A Dhillon & Co
61-63 Alexandra Road
Walsall
WS1 4DX
Nucare Healthcare Limited
Unaudited Financial Statements
For The Year Ended 28 February 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Nucare Healthcare Limited
Balance Sheet
As at
28 February 2018
Balance Sheet
Registered number:
03821125
For the year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Stocks | 7 |
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| Debtors | 8 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 9 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 10 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 11 |
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| Share premium account |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 67,092 | 40,125 | |||
Page 1
Nucare Healthcare Limited
Balance Sheet (continued)
As at
28 February 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Nucare Healthcare Limited
Notes to the Financial Statements
For The Year Ended 28 February 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with FRS 102 Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Improvements |
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| Lease Premium |
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| Fixtures & Fittings |
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1.4.
Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value.
1.5.
Taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilites are not discounted.
4.
Average Number of Employees
Average number of employees, including directors, during the year was:
| 2018 | 2017 | ||
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| Sales, marketing and distribution |
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Page 3
Nucare Healthcare Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2018
5.
Intangible Assets
| Goodwill | |||
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| Amortisation | |||
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| Provided during the period |
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| Net Book Value | |||
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6.
Tangible Assets
| Land & Property | ||||
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| Improvements | Lease Premium | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
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| Additions |
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| Depreciation | ||||
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| Provided during the period |
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| Net Book Value | ||||
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Page 4
Nucare Healthcare Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2018
7.
Stocks
| 2018 | 2017 | ||
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| £ | £ | ||
| Stock | 20,387 | 28,981 | |
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8.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| VAT account |
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| Amounts owed by group undertakings |
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9.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts | - |
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| Corporation tax |
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| Other taxes and social security |
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| Net wages | 5,329 | 2,711 | |
| Accruals and deferred income |
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| Directors' loan accounts |
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10.
Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
| 2018 | 2017 | ||
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| £ | £ | ||
| Deferred tax |
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Page 5
Nucare Healthcare Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2018
12.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Rotahurst (Management Services) Limited who controls 100% of the shares of Nucare Healthcare Limited . Rotahurst (Management Services) Limited is incorporated in England.
13.
General Information
Nucare Healthcare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03821125 . The registered office is First Floor, 61-63 Alexandra Road, Walsall, West Midlands, WS1 4DX.
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