Positive Care Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08123238 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st January 2018

for

POSITIVE CARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J J Jupp

M Wills

R P Jupp

SECRETARY:

Mrs J J Jupp

REGISTERED OFFICE:

38 Salisbury Road

Worthing

West Sussex

BN11 1RD

REGISTERED NUMBER:

08123238 (England and Wales)

ACCOUNTANTS:

MastersFuller

Chartered Certified Accountants

38 Salisbury Road

Worthing

West Sussex

BN11 1RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

287,234

295,456

287,234

295,456

CURRENT ASSETS

Debtors

6

35,552

38,204

Cash at bank and in hand

26,500

25,694

62,052

63,898

CREDITORS

Amounts falling due within one year

7

140,696

127,291

NET CURRENT LIABILITIES

(78,644

)

(63,393

)

TOTAL ASSETS LESS CURRENT LIABILITIES

208,590

232,063

CREDITORS

Amounts falling due after more than one year

8

238,089

250,104

NET LIABILITIES

(29,499

)

(18,041

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(29,599

)

(18,141

)

SHAREHOLDERS' FUNDS

(29,499

)

(18,041

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31st October 2018 and were signed on its behalf by:

M Wills - Director

1.	STATUTORY INFORMATION

Positive Care Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, the company is not registered for value added tax. Invoiced

turnover that relates to future periods has been carried forward to the appropriate period.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2013, has been amortised

evenly over its estimated useful life of 2 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures, fittings & equipment

-

25% on cost

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2017 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2017

and 31st January 2018

70,000

AMORTISATION

At 1st February 2017

and 31st January 2018

70,000

NET BOOK VALUE

At 31st January 2018

-

At 31st January 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

fittings

Motor

property

& equipment

vehicles

Totals

£

£

£

£

COST

At 1st February 2017

and 31st January 2018

316,406

55,069

2,999

374,474

DEPRECIATION

At 1st February 2017

24,784

53,922

312

79,018

Charge for year

6,328

1,144

750

8,222

At 31st January 2018

31,112

55,066

1,062

87,240

NET BOOK VALUE

At 31st January 2018

285,294

3

1,937

287,234

At 31st January 2017

291,622

1,147

2,687

295,456

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

22,368

24,612

Other debtors

1,190

1,923

Prepayments

11,994

11,669

35,552

38,204

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans & overdrafts

12,015

11,440

Corporation tax reserve

16,670

12,833

PAYE & NIC control

9,636

7,448

Other creditors

76,484

76,313

Wages control

21,461

14,862

Directors' loan accounts

3,208

3,208

Accrued expenses

1,222

1,187

140,696

127,291

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loan - 1-2 years

11,658

12,015

Bank loan - 2-5 years

226,431

238,089

238,089

250,104

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loan

250,104

261,544

The bank loan is secured by a fixed and floating charge on the company's assets.

10.	RELATED PARTY DISCLOSURES

Person First Limited

A company in which M E Wills is a director.

2018

2017

£

£

Amount due to related party at the balance sheet date

22,500

22,500

Crawfords Homes Limited

A company where M E Wills is a director.

2018

2017

£

£

Amount due to related party at the balance sheet date

36,933

32,933

Fleetrise Limited

A company in which R P Jupp is a director.

The company was charged consultancy fees of £0 (2017 : £3,500) by Fleetrise Limited.

2018

2017

£

£

Amount due to related party at the balance sheet date

813

813

Croftscope Limited

A company in which R P Jupp is a director.

The company was charged consultancy fees of £0 (2017 £3,000) by Croftscope Limited.