IRIS Accounts Production v17.3.1.106 06377457 Board of Directors 1.10.16 30.9.17 30.9.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure063774572016-09-30063774572017-09-30063774572016-10-012017-09-30063774572015-09-30063774572015-10-012016-09-30063774572016-09-3006377457ns15:EnglandWales2016-10-012017-09-3006377457ns14:PoundSterling2016-10-012017-09-3006377457ns10:Director12016-10-012017-09-3006377457ns10:PrivateLimitedCompanyLtd2016-10-012017-09-3006377457ns10:SmallEntities2016-10-012017-09-3006377457ns10:AuditExempt-NoAccountantsReport2016-10-012017-09-3006377457ns10:SmallCompaniesRegimeForDirectorsReport2016-10-012017-09-3006377457ns10:SmallCompaniesRegimeForAccounts2016-10-012017-09-3006377457ns10:FullAccounts2016-10-012017-09-3006377457ns10:Director22016-10-012017-09-3006377457ns10:CompanySecretary12016-10-012017-09-3006377457ns10:RegisteredOffice2016-10-012017-09-3006377457ns5:CurrentFinancialInstruments2017-09-3006377457ns5:CurrentFinancialInstruments2016-09-3006377457ns5:Non-currentFinancialInstruments2017-09-3006377457ns5:Non-currentFinancialInstruments2016-09-3006377457ns5:ShareCapital2017-09-3006377457ns5:ShareCapital2016-09-3006377457ns5:RetainedEarningsAccumulatedLosses2017-09-3006377457ns5:RetainedEarningsAccumulatedLosses2016-09-3006377457ns5:LandBuildingsns5:OwnedOrFreeholdAssets2016-10-012017-09-3006377457ns5:PlantMachinery2016-10-012017-09-3006377457ns5:FurnitureFittings2016-10-012017-09-3006377457ns5:MotorVehicles2016-10-012017-09-3006377457ns5:ComputerEquipment2016-10-012017-09-3006377457ns5:LandBuildings2016-09-3006377457ns5:LandBuildingsns5:ShortLeaseholdAssets2016-09-3006377457ns5:PlantMachinery2016-09-3006377457ns5:LandBuildings2017-09-3006377457ns5:LandBuildingsns5:ShortLeaseholdAssets2017-09-3006377457ns5:PlantMachinery2017-09-3006377457ns5:LandBuildings2016-10-012017-09-3006377457ns5:LandBuildingsns5:ShortLeaseholdAssets2016-10-012017-09-3006377457ns5:LandBuildings2016-09-3006377457ns5:LandBuildingsns5:ShortLeaseholdAssets2016-09-3006377457ns5:PlantMachinery2016-09-3006377457ns5:FurnitureFittings2016-09-3006377457ns5:MotorVehicles2016-09-3006377457ns5:ComputerEquipment2016-09-3006377457ns5:FurnitureFittings2017-09-3006377457ns5:MotorVehicles2017-09-3006377457ns5:ComputerEquipment2017-09-3006377457ns5:FurnitureFittings2016-09-3006377457ns5:MotorVehicles2016-09-3006377457ns5:ComputerEquipment2016-09-3006377457ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-09-3006377457ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-09-3006377457ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-10-012017-09-3006377457ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-09-3006377457ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-09-3006377457ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-09-3006377457ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2017-09-3006377457ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2016-09-3006377457ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2017-09-3006377457ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2016-09-3006377457ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2017-09-3006377457ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2016-09-3006377457ns5:CurrentFinancialInstrumentsns5:HirePurchaseContractsns5:WithinOneYear2017-09-3006377457ns5:CurrentFinancialInstrumentsns5:HirePurchaseContractsns5:WithinOneYear2016-09-3006377457ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2017-09-3006377457ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2016-09-3006377457ns5:HirePurchaseContracts2017-09-3006377457ns5:HirePurchaseContracts2016-09-3006377457ns5:WithinOneYear2017-09-3006377457ns5:WithinOneYear2016-09-3006377457ns5:BetweenOneFiveYears2017-09-3006377457ns5:BetweenOneFiveYears2016-09-3006377457ns5:AllPeriods2017-09-3006377457ns5:AllPeriods2016-09-3006377457ns5:Secured2017-09-3006377457ns5:Secured2016-09-3006377457ns5:DeferredTaxation2016-09-3006377457ns5:DeferredTaxation2017-09-3006377457ns10:Director112016-09-3006377457ns10:Director112015-09-3006377457ns10:Director112016-10-012017-09-3006377457ns10:Director112015-10-012016-09-3006377457ns10:Director112017-09-3006377457ns10:Director112016-09-30


REGISTERED NUMBER: 06377457 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2017

for

Abbey Care and Nursing @Home Limited

Abbey Care and Nursing @Home Limited (Registered number: 06377457)






Contents of the Financial Statements
for the year ended 30 September 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Abbey Care and Nursing @Home Limited

Company Information
for the year ended 30 September 2017







DIRECTORS: Mrs M E Abbey
M Abbey



SECRETARY: Mrs M E Abbey



REGISTERED OFFICE: Paces High Green Sch Campus
Pack Horse Lane
High Green
Sheffield
South Yorkshire
S35 3HY



REGISTERED NUMBER: 06377457 (England and Wales)



ACCOUNTANTS: Royston Parkin Limited
Chartered Certified Accountants
& Statutory Auditor
2 President Buildings
Sheffield
South Yorkshire
S4 7UQ



BANKERS: Lloyds TSB Bank plc
14 Church Street
Sheffield
South Yorkshire
S1 1HP

Abbey Care and Nursing @Home Limited (Registered number: 06377457)

Statement of Financial Position
30 September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 478,998 511,419

CURRENT ASSETS
Debtors 5 695,381 608,470
Prepayments and accrued income 61,928 84,317
Cash at bank 113,068 73,268
870,377 766,055
CREDITORS
Amounts falling due within one year 6 213,004 188,486
NET CURRENT ASSETS 657,373 577,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,136,371

1,088,988

CREDITORS
Amounts falling due after more than one
year

7

(353,307

)

(440,179

)

PROVISIONS FOR LIABILITIES 10 (5,511 ) (11,664 )

ACCRUALS AND DEFERRED INCOME (36,339 ) (82,849 )
NET ASSETS 741,214 554,296

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 741,212 554,294
SHAREHOLDERS' FUNDS 741,214 554,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Abbey Care and Nursing @Home Limited (Registered number: 06377457)

Statement of Financial Position - continued
30 September 2017


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 19 October 2017 and were signed on
its behalf by:





M Abbey - Director


Abbey Care and Nursing @Home Limited (Registered number: 06377457)

Notes to the Financial Statements
for the year ended 30 September 2017

1. STATUTORY INFORMATION

Abbey Care and Nursing @Home 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Abbey Care and Nursing @Home Limited (Registered number: 06377457)

Notes to the Financial Statements - continued
for the year ended 30 September 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is
the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

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 100 .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 October 2016 407,646 6,890 5,192
At 30 September 2017 407,646 6,890 5,192
DEPRECIATION
At 1 October 2016 - - 1,484
Charge for year - - 556
Eliminated on disposal - - -
At 30 September 2017 - - 2,040
NET BOOK VALUE
At 30 September 2017 407,646 6,890 3,152
At 30 September 2016 407,646 6,890 3,708

Abbey Care and Nursing @Home Limited (Registered number: 06377457)

Notes to the Financial Statements - continued
for the year ended 30 September 2017

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2016 40,008 110,881 27,839 598,456
Additions 6,235 - 2,318 8,553
Disposals - (31,200 ) - (31,200 )
At 30 September 2017 46,243 79,681 30,157 575,809
DEPRECIATION
At 1 October 2016 20,484 46,933 18,136 87,037
Charge for year 3,865 10,148 3,005 17,574
Eliminated on disposal - (7,800 ) - (7,800 )
At 30 September 2017 24,349 49,281 21,141 96,811
NET BOOK VALUE
At 30 September 2017 21,894 30,400 9,016 478,998
At 30 September 2016 19,524 63,948 9,703 511,419

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2016 82,439
Transfer to ownership (31,200 )
At 30 September 2017 51,239
DEPRECIATION
At 1 October 2016 26,147
Charge for year 8,278
Transfer to ownership (7,800 )
At 30 September 2017 26,625
NET BOOK VALUE
At 30 September 2017 24,614
At 30 September 2016 56,292

Abbey Care and Nursing @Home Limited (Registered number: 06377457)

Notes to the Financial Statements - continued
for the year ended 30 September 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 113,042 179,532
Bad debt provision (1,577 ) (1,189 )
Amounts owed by participating interests 577,524 426,121
Staff loans 6,392 4,006
695,381 608,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 71,524 71,844
Hire purchase contracts (see note 8) 7,972 13,883
Trade creditors 3,254 2,390
Tax 76,028 47,955
Social security and other taxes 16,260 17,844
Wages control - 1,537
Directors' current accounts 37,966 33,033
213,004 188,486

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2017 2016
£    £   
Bank loans - 1-2 years 76,397 76,717
Bank loans - 2-5 years 167,205 225,425
Bank loans more 5 yr by instal 87,501 92,330
Hire purchase contracts (see note 8) 22,204 45,707
353,307 440,179

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 87,501 92,330

Abbey Care and Nursing @Home Limited (Registered number: 06377457)

Notes to the Financial Statements - continued
for the year ended 30 September 2017

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2017 2016
£    £   
Net obligations repayable:
Within one year 7,972 13,883
Between one and five years 22,204 45,707
30,176 59,590

Non-cancellable
operating leases
2017 2016
£    £   
Within one year 31,461 37,756
Between one and five years - 20,000
31,461 57,756

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 402,627 466,316

The loan is secured by an all assets security agreement.

10. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 5,511 11,664

Deferred
tax
£   
Balance at 1 October 2016 11,664
Origination and reversal of (6,153 )
timing differences
Balance at 30 September 2017 5,511

Abbey Care and Nursing @Home Limited (Registered number: 06377457)

Notes to the Financial Statements - continued
for the year ended 30 September 2017

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to/(from) a director subsisted during the years ended
30 September 2017 and 30 September 2016:

2017 2016
£    £   
M Abbey
Balance outstanding at start of year (33,033 ) 35,262
Amounts advanced 88,084 144,392
Amounts repaid (93,017 ) (212,687 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (37,966 ) (33,033 )

The loan to/ (from) the director is interest free and has no fixed repayment date.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of GSK Holdings Limited (Previously known as Abbey Care
Support Limited), which owns 99.5% of the company's share capital. GSK Holdings Limited in turn is
owed by the two directors Michael Abbey and his wife Mrs Mandy Abbey, who together own 90% of
the issued share capital.

13. FIRST YEAR ADOPTION

Transitional relief
On transition to FRS 102, the company has taken advantage of the following transitional relief:

to determine existence of leases on basis of existing facts and circumstances;
not to apply the requirements of paragraphs 20.15A to 20.25A in respect of lease incentives.