REGISTERED NUMBER: 05723652 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

A & S HOME CARE LIMITED

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Statement of Financial Position

4

Notes to the Financial Statements

6

DIRECTORS:

Y Mulla

R Singh

SECRETARY:

R Singh

REGISTERED OFFICE:

288 - 292 Norwood Road

London

SE27 9AF

REGISTERED NUMBER:

05723652 (England and Wales)

ACCOUNTANTS:

Fordhams & Co.

Chartered Accountants

Unit 003

Parma House

Clarendon Road

London

N22 6UL

The directors present their report with the financial statements of the company for the year ended 31 March 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2016 to the date of this report.

Y Mulla

R Singh

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

R Singh - Secretary

21 December 2017

REVENUE

859,421

468,823

Cost of sales

426,820

191,935

GROSS PROFIT

432,601

276,888

Administrative expenses

350,619

210,408

OPERATING PROFIT

4

81,982

66,480

Interest payable and similar expenses

2,290

3,262

PROFIT BEFORE TAXATION

79,692

63,218

Tax on profit

10,072

-

PROFIT FOR THE FINANCIAL YEAR

69,620

63,218

Retained earnings at beginning of year

(25,013

)

(88,231

)

RETAINED EARNINGS AT END OF YEAR

44,607

(25,013

)

FIXED ASSETS

Intangible assets

5

51,990

58,808

Property, plant and equipment

6

11,079

12,359

63,069

71,167

CURRENT ASSETS

Inventories

224,340

122,730

Debtors

7

161,124

37,545

Cash at bank and in hand

43,907

18,955

429,371

179,230

CREDITORS

Amounts falling due within one year

8

264,298

93,932

NET CURRENT ASSETS

165,073

85,298

TOTAL ASSETS LESS CURRENT LIABILITIES

228,142

156,465

CREDITORS

Amounts falling due after more than one year

9

173,535

171,478

NET ASSETS/(LIABILITIES)

54,607

(15,013

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

44,607

(25,013

)

SHAREHOLDERS' FUNDS

54,607

(15,013

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 December 2017 and were signed on its behalf by:

Y Mulla - Director

R Singh - Director

1.	STATUTORY INFORMATION

A & S Home Care Limited 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of eighteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Stocks

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

slow moving items.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

31.3.17

31.3.16

£

£

Wages and salaries

83,805

75,708

The average monthly number of employees during the year was as follows:

31.3.17

31.3.16

6

7

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.17

31.3.16

£

£

Depreciation - owned assets

1,280

1,554

Goodwill amortisation

6,818

6,818

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

125,000

AMORTISATION

At 1 April 2016

66,192

Charge for year

6,818

At 31 March 2017

73,010

NET BOOK VALUE

At 31 March 2017

51,990

At 31 March 2016

58,808

6.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

3,552

40,508

44,060

DEPRECIATION

At 1 April 2016

-

31,701

31,701

Charge for year

-

1,280

1,280

At 31 March 2017

-

32,981

32,981

NET BOOK VALUE

At 31 March 2017

3,552

7,527

11,079

At 31 March 2016

3,552

8,807

12,359

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

10,370

14,629

Other debtors

150,754

22,916

161,124

37,545

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

15,000

15,000

Trade creditors

154,468

51,051

Taxation and social security

32,896

14,521

Other creditors

61,934

13,360

264,298

93,932

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

173,535

171,478

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

173,535

171,478