Pendine Park Care Organisation (Summerhi - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07055392 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2014

FOR

PENDINE PARK CARE ORGANISATION

(SUMMERHILL) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M F Kreft

G H Kreft

REGISTERED OFFICE:

Summerhill Road

Summerhill

Wrexham

LL11 4YE

REGISTERED NUMBER:

07055392 (England and Wales)

ACCOUNTANTS:

Michael Coxey F.C.A

Erw Fechan

Grange Road

Llangollen

Denbighshire

LL20 8AP

BANKERS:

Barclays Bank plc

51-52 Hope Street

Wrexham

LL11 1BB

FIXED ASSETS

Intangible assets

2

998

1,000,000

Tangible assets

3

1,552,321

1,479,027

1,553,319

2,479,027

CURRENT ASSETS

Stocks

25,371

704

Debtors

629,569

151,674

Cash at bank and in hand

333,570

461,581

988,510

613,959

CREDITORS

Amounts falling due within one year

1,538,799

1,542,913

NET CURRENT LIABILITIES

(550,289

)

(928,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,003,030

1,550,073

CREDITORS

Amounts falling due after more than one year

-

1,048,758

NET ASSETS

1,003,030

501,315

CAPITAL AND RESERVES

Called up share capital

4

500

100

Profit and loss account

1,002,530

501,215

SHAREHOLDERS' FUNDS

1,003,030

501,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20th January 2015 and were signed on its behalf by:

G H Kreft - Director

M F Kreft - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill is amortised evenly in order to write off each asset over the estimated useful life as follows

Amount paid in connection with the acquisition of the trade of Summerhill partnership

- 5 years

Amount paid in connection with the acquisition of the trade of Bodlondeb partnership

- 2.5 years

Tangible fixed assets

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

Alterations to

Leasehold

-

10% on cost

Fixtures & fittings

-

20% on cost

Motor vehicles

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

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

Government grants

Grants received in respect of capital expenditure have been credited to reserve and are released to profit and loss account

over the anticipated useful life of the assets concerned, which are shown above. Grants are recognised in the financial

statements upon receipt.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

1,200,000

Additions

217,664

At 30th April 2014

1,417,664

AMORTISATION

At 1st May 2013

200,000

Amortisation for year

1,216,666

At 30th April 2014

1,416,666

NET BOOK VALUE

At 30th April 2014

998

At 30th April 2013

1,000,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

1,789,645

Additions

744,727

Disposals

(302,413

)

At 30th April 2014

2,231,959

DEPRECIATION

At 1st May 2013

310,618

Charge for year

371,414

Eliminated on disposal

(2,394

)

At 30th April 2014

679,638

NET BOOK VALUE

At 30th April 2014

1,552,321

At 30th April 2013

1,479,027

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

500

Ordinary

£1

500

100

400 Ordinary shares of £1 were issued during the year for cash of £ 400 .