Registration number:
Ablecare (Torquay) Ltd
for the Year Ended 31 July 2017
Accountants & Business Advisors
237 Westcombe Hill
Blackheath
London
SE3 7DW
Ablecare (Torquay) Ltd
(Registration number: 05911000)
Abridged Balance Sheet as at 31 July 2017
|
Note |
2017 |
2016 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Prepayments and accrued income |
|
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets/(liabilities) |
|
( |
|
|
Total assets less current liabilities |
|
( |
|
|
Provisions for liabilities |
( |
- |
|
|
Accruals and deferred income |
( |
( |
|
|
Net assets/(liabilities) |
|
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Profit and loss account |
|
( |
|
|
Total equity |
|
( |
For the financial year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
|
Page 1 |
Ablecare (Torquay) Ltd
(Registration number: 05911000)
Abridged Balance Sheet as at 31 July 2017
Approved and authorised by the
|
......................................... |
|
Page 2 |
Ablecare (Torquay) Ltd
Notes to the Abridged Financial Statements for the Year Ended 31 July 2017
|
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Fixtures & Fittings |
25% RBB |
|
Office Equipment |
25% RBB |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Page 3 |
Ablecare (Torquay) Ltd
Notes to the Abridged Financial Statements for the Year Ended 31 July 2017
|
Profit before tax |
Arrived at after charging/(crediting)
|
2017 |
2016 |
|
|
Depreciation expense |
|
|
|
Tangible assets |
|
Furniture, fittings and equipment |
Total |
|
|
Cost or valuation |
||
|
At 1 August 2016 |
|
|
|
At 31 July 2017 |
|
|
|
Depreciation |
||
|
At 1 August 2016 |
|
|
|
Charge for the year |
|
|
|
At 31 July 2017 |
|
|
|
Carrying amount |
||
|
At 31 July 2017 |
|
|
|
At 31 July 2016 |
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2017 |
2016 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary Shares of £1 each |
100 |
100 |
100 |
100 |
|
Page 4 |