Crosshands Care Limited - Filleted accounts

Crosshands Care Limited - Filleted accounts

CROSSHANDS CARE LIMITED - Company Information

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Registered number
07171632
Crosshands Care Limited
Filleted Accounts
28 February 2018
Crosshands Care Limited
Registered number: 07171632
Balance Sheet
as at 28 February 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 248,238 249,309
Current assets
Debtors 3 (20,933) (20,933)
Cash at bank and in hand 228,133 137,092
207,200 116,159
Creditors: amounts falling due within one year 4 (320,233) (295,516)
Net current liabilities (113,033) (179,357)
Net assets 135,205 69,952
Capital and reserves
Called up share capital 3 3
Profit and loss account 135,202 69,949
Shareholders' funds 135,205 69,952
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 directors acknowledge their 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 J Fletcher
Director
Approved by the board on 27 November 2018
Crosshands Care Limited
Notes to the Accounts
for the year ended 28 February 2018
1 Accounting policies
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2017 253,301 22,029 17,999 293,329
Additions 44 10,937 - 10,981
At 28 February 2018 253,345 32,966 17,999 304,310
Depreciation
At 1 March 2017 17,277 17,623 9,120 44,020
Charge for the year 4,606 4,406 3,040 12,052
At 28 February 2018 21,883 22,029 12,160 56,072
Net book value
At 28 February 2018 231,462 10,937 5,839 248,238
At 28 February 2017 236,024 4,406 8,879 249,309
3 Debtors 2018 2017
£ £
Trade debtors (27,617) (27,617)
Other debtors 6,684 6,684
(20,933) (20,933)
4 Creditors: amounts falling due within one year 2018 2017
£ £
Bank loans and overdrafts 2,111 2,111
Trade creditors 227,429 215,654
Taxation and social security costs 18,392 14,908
Other creditors 72,301 62,843
320,233 295,516
5 Other information
Crosshands Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Trem y Goron
Pontllanfraith
Blackwood
Caerphilly
NP12 2HX
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