Company Registration No. 04341106 (England and Wales)
FIRST CHARTERCARE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
FIRST CHARTERCARE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
FIRST CHARTERCARE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
464,000
493,000
Tangible assets
2
11,715
21,534
475,715
514,534
Current assets
Stocks
54,250
49,960
Debtors
17,892
401
Cash at bank and in hand
72,241
30,274
144,383
80,635
Creditors: amounts falling due within one year
(250,641)
(218,752)
Net current liabilities
(106,258)
(138,117)
Total assets less current liabilities
369,457
376,417
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
369,447
376,407
Shareholders' funds
369,457
376,417
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 September 2015
Mrs S White
Director
Company Registration No. 04341106
FIRST CHARTERCARE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2014
580,000
66,719
646,719
Disposals
-
(18,821)
(18,821)
At 31 December 2014
580,000
47,898
627,898
Depreciation
At 1 January 2014
87,000
45,185
132,185
On disposals
-
(12,865)
(12,865)
Charge for the year
29,000
3,863
32,863
At 31 December 2014
116,000
36,183
152,183
Net book value
At 31 December 2014
464,000
11,715
475,715
At 31 December 2013
493,000
21,534
514,534
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
10 Ordinary shares of £1 each
10
10
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