Karcare Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04853056 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

KARCARE SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E Broomes

M Pease

SECRETARY:

Mrs T Broomes-Davies

REGISTERED OFFICE:

Griffins Court

24-32 London Road

Newbury

Berkshire

RD14 1JX

REGISTERED NUMBER:

04853056 (England and Wales)

ACCOUNTANTS:

Griffins

Chartered Accountants

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

17,257

11,629

17,257

11,629

CURRENT ASSETS

Stocks

3,500

Debtors

31,633

23,504

Cash at bank and in hand

11,081

7,433

46,214

34,437

CREDITORS

Amounts falling due within one year

53,143

42,302

NET CURRENT LIABILITIES

(6,929

)

(7,865

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,328

3,764

CREDITORS

Amounts falling due after more than one year

(5,833

)

-

PROVISIONS FOR LIABILITIES

(3,375

)

(2,232

)

NET ASSETS

1,120

1,532

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

1,020

1,432

SHAREHOLDERS' FUNDS

1,120

1,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 November 2016 and were signed on its behalf by:

E Broomes - Director

M Pease - 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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.

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

transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

40,000

AMORTISATION

At 1 April 2015

and 31 March 2016

40,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

43,657

Additions

10,000

At 31 March 2016

53,657

DEPRECIATION

At 1 April 2015

32,028

Charge for year

4,372

At 31 March 2016

36,400

NET BOOK VALUE

At 31 March 2016

17,257

At 31 March 2015

11,629

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

100

Ordinary

£1

100