Abbreviated Company Accounts - HOME HEART CARE LTD.

HOME HEART CARE LTD. - Company Information

05173265 HOME HEART CARE LTD. 2014-12-31 false 2014-01-01 2014-12-31 true 05173265 2014-01-01 2014-12-31 05173265 2014-12-31 05173265 2013-12-31 05173265 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05173265 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 05173265

HOME HEART CARE LTD.

Abbreviated Accounts

31 December 2014

HOME HEART CARE LTD. Registered Number 05173265

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,733	3,146
		1,733	3,146
Current assets
Stocks		-	19,880
Debtors		908	5,002
Cash at bank and in hand		1,435	1,906
		2,343	26,788
Creditors: amounts falling due within one year		(4,185)	(15,896)
Net current assets (liabilities)		(1,842)	10,892
Total assets less current liabilities		(109)	14,038
Total net assets (liabilities)		(109)	14,038
Capital and reserves
Called up share capital	3	8,002	8,002
Other reserves		4,001	4,001
Profit and loss account		(12,112)	2,035
Shareholders' funds		(109)	14,038

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2015

And signed on their behalf by:
Mrs P McGurk, Director
Mr T Beare, Director

HOME HEART CARE LTD. Registered Number 05173265

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.

Cash flow statement

The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 33% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2Tangible fixed assets

	£
Cost
At 1 January 2014	4,284
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	4,284
Depreciation
At 1 January 2014	1,138
Charge for the year	1,413
On disposals	-
At 31 December 2014	2,551
Net book values
At 31 December 2014	1,733
At 31 December 2013	3,146

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
8,002 Ordinary shares of £1 each	8,002	8,002