Beaufort Care Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04690084 (England and Wales)

Financial Statements

for the Year Ended 31 August 2018

for

BEAUFORT CARE GROUP LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J L Kendall

Mrs A A Goodenough

SECRETARY:

Ms J L Kendall

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

04690084 (England and Wales)

ACCOUNTANTS:

Conroy & Lermer

Chartered Accountants

42 Lytton Road

BARNET

EN5 5BY

FIXED ASSETS

Tangible assets

4

600,370

651,338

CURRENT ASSETS

Debtors

86,639

273,158

Cash at bank

57,500

136,967

144,139

410,125

CREDITORS

Amounts falling due within one year

636,289

1,003,571

NET CURRENT LIABILITIES

(492,150

)

(593,446

)

TOTAL ASSETS LESS CURRENT LIABILITIES

108,220

57,892

CREDITORS

Amounts falling due after more than one year

(24,434

)

(67,427

)

PROVISIONS FOR LIABILITIES

7

(6,927

)

(9,310

)

NET ASSETS/(LIABILITIES)

76,859

(18,845

)

CAPITAL AND RESERVES

Called up share capital

8

111

111

Retained earnings

76,748

(18,956

)

SHAREHOLDERS' FUNDS

76,859

(18,845

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 May 2019 and were signed on its behalf by:

Ms J L Kendall - Director

1.	STATUTORY INFORMATION

Beaufort Care Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amount chargeable in respect of the sale of placements funded by

councils and social services.

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.

Improvements to property

-

in accordance with the lease

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 balance sheet date.

Deferred tax

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

reversed at the balance sheet 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

Assets held under finance leases, which are leases where substantially all the risks and

rewards of ownership of the assets have passed to the company, are capitalised in the

balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term

and their useful lives. The capital elements of future obligations under the leases are

included as liabilities in the balance sheet. The interest element of rental obligations is

charged to the profit and loss account over the period of the lease and represents a constant

proportion of the balance sheet capital repayment outstanding. Assets held under hire

purchase agreements are capitalised as tangible fixed assets and are depreciated over the

shorter of the lease term and their useful lives. The capital element of future finance

payments is included in creditors. Finance charges are allocated to accounting periods over

the length of the contract and represent a constant proportion of the balance of capital

repayments outstanding.

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 55 (2017 - 54 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2017

946,871

Additions

17,048

Disposals

(19,950

)

At 31 August 2018

943,969

DEPRECIATION

At 1 September 2017

295,533

Charge for year

57,262

Eliminated on disposal

(9,196

)

At 31 August 2018

343,599

NET BOOK VALUE

At 31 August 2018

600,370

At 31 August 2017

651,338

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Totals

£

COST

At 1 September 2017

124,895

Disposals

(19,950

)

At 31 August 2018

104,945

DEPRECIATION

At 1 September 2017

56,339

Charge for year

14,451

Eliminated on disposal

(9,196

)

At 31 August 2018

61,594

NET BOOK VALUE

At 31 August 2018

43,351

At 31 August 2017

68,556

5.

LOANS

An analysis of the maturity of loans is given below:

31.8.18

31.8.17

£

£

Amounts falling due within one year or on demand:

Other loans

402,084

547,084

Amounts falling due between one and two years:

Other loans - 1-2 years

7,118

22,084

Amounts falling due between two and five years:

Other loans - 2-5 years

-

7,118

6.	SECURED DEBTS

Obligations under finance leases and hire purchase contracts are secured against the assets

to which they relate.

A Facility loan is secured by a personal guarantee from the director Ms J L Kendall and 15%

charge on the shares held by Ms J L Kendall in the company. A further Facility loan is

secured by a personal guarantee from the director Ms J L Kendall and 10% charge on the

shares held by Ms J L Kendall in the company.

7.	PROVISIONS FOR LIABILITIES

31.8.18

31.8.17

£

£

Deferred tax

6,927

9,310

Deferred

tax

£

Balance at 1 September 2017

9,310

Provided during year

(2,383

)

Balance at 31 August 2018

6,927

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

100

Ordinary

£1

100

100

1

B Ordinary

£1

1

11

10

C Ordinary

£1

10

-

111

111

The following shares were issued during the year for cash at par :

10 C Ordinary shares of £1

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company paid rent totalling £90,000 (2017 £90,000) to Ms J L Kendall

for premises occupied by the company.

At the balance sheet date, included on other creditors is an interest free loan of £158,875

(2017: £121,388), due and payable to the directors.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms J L Kendall.