Beaufort Care Group Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 04690084 (England and Wales)

Financial Statements

for the Year Ended 31 August 2016

for

BEAUFORT CARE GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J L Kendall

Mr L P Westfield

SECRETARY:

Ms J L Kendall

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

04690084 (England and Wales)

ACCOUNTANTS:

Conroy & Lermer

Chartered Accountants

42 Lytton Road

BARNET

EN5 5BY

FIXED ASSETS

Tangible assets

2

713,323

784,199

CURRENT ASSETS

Debtors

3

293,870

678,715

Cash at bank and in hand

3,246

7,790

297,116

686,505

CREDITORS

Amounts falling due within one year

4

328,702

266,462

NET CURRENT (LIABILITIES)/ASSETS

(31,586

)

420,043

TOTAL ASSETS LESS CURRENT LIABILITIES

681,737

1,204,242

CREDITORS

Amounts falling due after more than one year

5

(637,189

)

(708,998

)

PROVISIONS FOR LIABILITIES

9

(14,813

)

(19,026

)

NET ASSETS

29,735

476,218

CAPITAL AND RESERVES

Called up share capital

10

101

100

Profit and loss account

11

29,634

476,118

SHAREHOLDERS' FUNDS

29,735

476,218

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 May 2017 and were signed on its behalf by:

Ms J L Kendall - 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 amount chargeable in respect of the sale of placements funded by

councils and social services.

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

-

in accordance with the lease

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Deferred tax is measured at the rates that are expected to apply in the periods when the

timing differences are expected to reverse, based on the tax rates and law enacted at the

balance sheet date.

Hire purchase and leasing commitments

Assets held under finance leases, which are leases where substantially all the risks and

rewards of ownership of the assets have passed to the company, are capitalised in the

balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term

and their useful lives. The capital elements of future obligations under the leases are

included as liabilities in the balance sheet. The interest element of rental obligations is

charged to the profit and loss account over the period of the lease and represents a constant

proportion of the balance sheet capital repayment outstanding. Assets held under hire

purchase agreements are capitalised as tangible fixed assets and are depreciated over the

shorter of the lease term and their useful lives. The capital element of future finance

payments is included in creditors. Finance charges are allocated to accounting periods over

the length of the contract and represent a constant proportion of the balance of capital

repayments outstanding.

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

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2015

649,081

163,942

124,895

937,918

Additions

-

4,435

-

4,435

At 31 August 2016

649,081

168,377

124,895

942,353

DEPRECIATION

At 1 September 2015

64,908

85,792

3,019

153,719

Charge for year

32,454

12,388

30,469

75,311

At 31 August 2016

97,362

98,180

33,488

229,030

NET BOOK VALUE

At 31 August 2016

551,719

70,197

91,407

713,323

At 31 August 2015

584,173

78,150

121,876

784,199

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Motor

vehicles

£

COST

At 1 September 2015

and 31 August 2016

124,895

DEPRECIATION

At 1 September 2015

3,018

Charge for year

30,469

At 31 August 2016

33,487

NET BOOK VALUE

At 31 August 2016

91,408

At 31 August 2015

121,877

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.16

31.8.15

£

£

Trade debtors

267,291

281,834

Other debtors

26,579

396,881

293,870

678,715

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.16

31.8.15

£

£

Bank loans and overdrafts

12,385

-

Hire purchase contracts

23,511

21,782

Trade creditors

29,450

14,166

Taxation and social security

82,545

29,260

Other creditors

180,811

201,254

328,702

266,462

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.16

31.8.15

£

£

Hire purchase contracts

60,903

85,537

Other creditors

576,286

623,461

637,189

708,998

6.

LOANS

An analysis of the maturity of loans is given below:

31.8.16

31.8.15

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

12,385

-

Other loans

47,084

30,000

59,469

30,000

Amounts falling due between one and two years:

Other loans - 1-2 years

547,084

500,000

Amounts falling due between two and five years:

Other loans - 2-5 years

29,202

123,461

7.	OPERATING LEASE COMMITMENTS

The following operating lease payments are committed to be paid within one year:

31.8.16

31.8.15

£

£

Expiring:

Between one and five years

120,000

120,000

8.	SECURED DEBTS

Obligations under finance leases and hire purchase contracts are secured against the assets

to which they relate.Facility loans are secured by a personal guarantee from the director Ms

J L Kendall and 15% charge on the shares held by Ms J L Kendall in the company.

9.	PROVISIONS FOR LIABILITIES

31.8.16

31.8.15

£

£

Deferred tax

14,813

19,026

Deferred

tax

£

Balance at 1 September 2015

19,026

Credit to Profit and Loss Account during year

(4,213

)

Balance at 31 August 2016

14,813

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

100

Ordinary

£1

100

100

1

B Ordinary

£1

1

-

101

100

Allotted and issued:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

1

Share capital 3

£1

1

-

The following shares were issued during the year for cash at par :

1 B Ordinary share of £1

11.

RESERVES

Profit

and loss

account

£

At 1 September 2015

476,118

Deficit for the year

(446,484

)

At 31 August 2016

29,634

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company paid rent totalling £70,000 (2015 £120,000) to Ms J L Kendall

for premises occupied by the company.

At the balance sheet date, the company owed the director, Ms J L Kendall £1,443 (2015: Dr

312,757).

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms J L Kendall.