Ashgate Care Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05242916 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

ASHGATE CARE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B A Rosenberg

T McQuillan

SECRETARY:

Mrs M E Tilley

REGISTERED OFFICE:

Kable House

Amber Drive

Langley Mill

Nottinghamshire

NG16 4BE

REGISTERED NUMBER:

05242916 (England and Wales)

ACCOUNTANTS:

RICHARD IAN & CO

Chartered Accountants

Suite 7, Elstree House

Elstree Way

Borehamwood

Hertfordshire

WD6 1SD

FIXED ASSETS

Intangible assets

2

-

12,429

Tangible assets

3

1,682,453

1,574,203

Investments

4

1

-

1,682,454

1,586,632

CURRENT ASSETS

Stocks

1,000

Debtors

72,972

32,335

Cash at bank and in hand

3,523

700

77,495

34,035

CREDITORS

Amounts falling due within one year

5

494,040

300,955

NET CURRENT LIABILITIES

(416,545

)

(266,920

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,265,909

1,319,712

CREDITORS

Amounts falling due after more than one year

5

(1,240,099

)

(1,391,064

)

PROVISIONS FOR LIABILITIES

(27,291

)

(12,844

)

NET LIABILITIES

(1,481

)

(84,196

)

CAPITAL AND RESERVES

Called up share capital

6

2

Profit and loss account

(1,483

)

(84,198

)

SHAREHOLDERS' FUNDS

(1,481

)

(84,196

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 April 2016 and were signed on its behalf by:

B A Rosenberg - Director

T McQuillan - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis as the directors are of the opinion that the company will

continue to generate profits for the foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of

certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of seventy five years.

Goodwill, that has been revalued represents the excess of the asset valuation over and above the original cost of

those assets, has not been amortised.

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

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2014

and 30 September 2015

124,281

AMORTISATION

At 1 October 2014

111,852

Amortisation for year

12,429

At 30 September 2015

124,281

NET BOOK VALUE

At 30 September 2015

-

At 30 September 2014

12,429

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

1,765,910

Additions

170,755

At 30 September 2015

1,936,665

DEPRECIATION

At 1 October 2014

191,707

Charge for year

62,505

At 30 September 2015

254,212

NET BOOK VALUE

At 30 September 2015

1,682,453

At 30 September 2014

1,574,203

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

1

At 30 September 2015

1

NET BOOK VALUE

At 30 September 2015

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Affordable Fitness Limited

Nature of business: Gym operator

%

Class of shares:

holding

Ordinary

0.08

2015

2014

£

Aggregate capital and reserves

706,760

583,015

Profit for the year

123,745

144,680

5.

CREDITORS

Creditors include an amount of £ 1,267,901 (2014 - £ 1,345,866 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

686,240

868,977

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2