Grange Healthcare Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05602049 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Grange Healthcare Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K S Holden

Mrs M Holden

C Holden

Mrs C L Milligan

SECRETARY:

Mrs M Holden

REGISTERED OFFICE:

The Grange

Church Street

Clayton le Moors

Accington

Lancashire

BB5 5HT

REGISTERED NUMBER:

05602049 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Tangible assets

2

127,338

140,926

CURRENT ASSETS

Stocks

5,250

Debtors

333,415

354,533

Cash at bank and in hand

68,176

105,313

406,841

465,096

CREDITORS

Amounts falling due within one year

3

368,000

445,277

NET CURRENT ASSETS

38,841

19,819

TOTAL ASSETS LESS CURRENT
LIABILITIES

166,179

160,745

CREDITORS

Amounts falling due after more than one
year

3

(102,247

)

(128,044

)

PROVISIONS FOR LIABILITIES

(19,999

)

(19,516

)

NET ASSETS

43,933

13,185

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

43,833

13,085

SHAREHOLDERS' FUNDS

43,933

13,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 12 July 2016 and were signed on its behalf by:

K S Holden - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of

goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

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

-

15% on reducing balance

Fixtures and fittings

-

15% or 20 % on reducing balance

Motor vehicles

-

25% reducing balance & 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 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.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

296,288

Additions

11,001

At 30 April 2016

307,289

DEPRECIATION

At 1 May 2015

155,362

Charge for year

24,589

At 30 April 2016

179,951

NET BOOK VALUE

At 30 April 2016

127,338

At 30 April 2015

140,926

3.

CREDITORS

Creditors include an amount of £ 132,829 (30/4/15 - £ 153,495 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/16

30/4/15

value:

£

100

Ordinary

£1.00

100