Lauriem Complete Care Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09640303 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

LAURIEM COMPLETE CARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms T A Edmunds

J R Wilson

Mrs M R Wilson

Carers International LLP

REGISTERED OFFICE:

42A High Street

Broadstairs

Kent

CT10 1JT

REGISTERED NUMBER:

09640303 (England and Wales)

ACCOUNTANTS:

Kemps Accounting Solutions Limited

Chartered Accountants

42A High Street

Broadstairs

Kent

CT10 1JT

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

33,996

31,038

Investments

6

100,000

100,000

133,997

131,039

CURRENT ASSETS

Stocks

2,000

-

Debtors

7

322,081

244,840

Cash at bank and in hand

330,267

255,875

654,348

500,715

CREDITORS

Amounts falling due within one year

8

465,371

515,179

NET CURRENT ASSETS/(LIABILITIES)

188,977

(14,464

)

TOTAL ASSETS LESS CURRENT LIABILITIES

322,974

116,575

PROVISIONS FOR LIABILITIES

5,948

5,274

NET ASSETS

317,026

111,301

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

316,926

111,201

SHAREHOLDERS' FUNDS

317,026

111,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 applicable to companies subject to the small companies regime.

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 10 October 2019 and were signed on its behalf by:

Ms T A Edmunds - Director

1.	STATUTORY INFORMATION

Lauriem Complete 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 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 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 2016, is being amortised evenly over its estimated useful life of two 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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks 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 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

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 245 (2018 - 200 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2018

and 31 July 2019

19,000

AMORTISATION

At 1 August 2018

and 31 July 2019

18,999

NET BOOK VALUE

At 31 July 2019

1

At 31 July 2018

1

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2018

48,603

Additions

14,290

At 31 July 2019

62,893

DEPRECIATION

At 1 August 2018

17,565

Charge for year

11,332

At 31 July 2019

28,897

NET BOOK VALUE

At 31 July 2019

33,996

At 31 July 2018

31,038

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2018

and 31 July 2019

100,000

NET BOOK VALUE

At 31 July 2019

100,000

At 31 July 2018

100,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade debtors

252,225

208,879

Other debtors

69,856

35,961

322,081

244,840

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade creditors

25,001

36,279

Taxation and social security

152,809

127,530

Other creditors

287,561

351,370

465,371

515,179

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.19

31.7.18

value:

£

£

100

Ordinary

£1

100

100