Company Registration No. 04341106 (England and Wales)
FIRST CHARTERCARE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
FIRST CHARTERCARE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FIRST CHARTERCARE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
435,000
464,000
Tangible assets
2
9,413
11,715
444,413
475,715
Current assets
Stocks
45,260
54,250
Debtors
5,552
17,892
Cash at bank and in hand
79,544
72,241
130,356
144,383
Creditors: amounts falling due within one year
(209,172)
(250,641)
Net current liabilities
(78,816)
(106,258)
Total assets less current liabilities
365,597
369,457
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
365,587
369,447
Shareholders' funds
365,597
369,457
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have 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 30 September 2016
Mrs S White
Director
Company Registration No. 04341106
FIRST CHARTERCARE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 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
1.5
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
580,000
47,898
627,898
Additions
-
672
672
At 31 December 2015
580,000
48,570
628,570
Depreciation
At 1 January 2015
116,000
36,184
152,184
Charge for the year
29,000
2,973
31,973
At 31 December 2015
145,000
39,157
184,157
Net book value
At 31 December 2015
435,000
9,413
444,413
At 31 December 2014
464,000
11,715
475,715
FIRST CHARTERCARE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
10 Ordinary shares of £1 each
10
10
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