Parkhills Home Care Agency Limited Filleted accounts for Companies House (small and micro)

PARKHILLS HOME CARE AGENCY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09380267

Parkhills Home Care Agency Limited

Filleted Unaudited Financial Statements

31 January 2018

Parkhills Home Care Agency Limited

Statement of Financial Position

31 January 2018

	2018		2017
Note	£	£	£

Current Assets

Debtors	5	28,945	2,200
Cash at bank and in hand		326	64
		--------	-------
		29,271	2,264

Creditors: amounts falling due within one year	6	6,096		2,170
		--------		-------
Net Current Assets			23,175	94
			--------	----
Total Assets Less Current Liabilities			23,175	94
			--------	----
Net Assets			23,175	94
			--------	----

Capital and Reserves

Called up share capital	1	1
Profit and loss account	23,174	93
	--------	----
Shareholders Funds	23,175	94
	--------	----

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.

For the year ending 31 January 2018 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 were approved by the board of directors and authorised for issue on 29 October 2018 , and are signed on behalf of the board by:

Z J Spellman	B Rogers
Director	Director

Company registration number: 09380267

Parkhills Home Care Agency Limited

Notes to the Financial Statements

Year Ended 31 January 2018

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41 Greek Street, Stockport, SK3 8AX.

2. Statement of Compliance

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

Revenue Recognition

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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 15 (2017: 30 ).

5. Debtors

	2018	2017
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	14,000	500
Other debtors	14,945	1,700
	--------	-------
	28,945	2,200
	--------	-------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Corporation tax	5,496	23
Social security and other taxes	–	1,547
Other creditors	600	600
	-------	-------
	6,096	2,170
	-------	-------

7. Directors' Advances, Credits and Guarantees

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

	2018
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
B Rogers	836	–	2,044	2,880
	----	----	-------	-------

	2017
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
B Rogers	–	836	–	836
	----	----	----	----

8. Related Party Transactions

Included in other debtors is a balance of £14,000 (2017 - £500) due from Parkhills Nursing Home, an entity which the directors have a controlling interest.