Homecarers (Liverpool) Limited - Period Ending 2016-08-31

Homecarers (Liverpool) Limited - Period Ending 2016-08-31


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Registration number: 03729978

Homecarers (Liverpool) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

Robinson Rice Associates Limited
Chartered Accountants, Statutory Auditors & Chartered Tax Advisors
30 Crosby Road North
Liverpool
Merseyside
L22 4QF

 

Homecarers (Liverpool) Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 5

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Homecarers (Liverpool) Limited
for the Year Ended 31 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Homecarers (Liverpool) Limited for the year ended 31 August 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Homecarers (Liverpool) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Homecarers (Liverpool) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Homecarers (Liverpool) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Homecarers (Liverpool) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Homecarers (Liverpool) Limited. You consider that Homecarers (Liverpool) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Homecarers (Liverpool) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.


 

 

 

 
Robinson Rice Associates Limited
 
Chartered Accountants, Statutory Auditors & Chartered Tax Advisors
 
30 Crosby Road North

 
Liverpool

 
Merseyside

 
L22 4QF

17 May 2017

 

Homecarers (Liverpool) Limited
(Registration number: 03729978)
Abbreviated Balance Sheet at 31 August 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

163,728

   

38,624

 

Current assets

 

             

Stocks

 

   

500

   

500

 

Debtors

 

   

270,184

   

77,224

 

Cash at bank and in hand

 

   

273,976

   

439,291

 
   

   

544,660

   

517,015

 

Creditors: Amounts falling due within one year

 

   

(530,162)

   

(449,749)

 

Net current assets

 

   

14,498

   

67,266

 

Total assets less current liabilities

 

   

178,226

   

105,890

 

Provisions for liabilities

 

   

(2,627)

   

(4,933)

 

Net assets

 

   

175,599

   

100,957

 

Capital and reserves

 

             

Called up share capital

 

3

   

2

   

2

 

Revaluation reserve

 

   

24,435

   

24,435

 

Profit and loss account

 

   

151,162

   

76,520

 

Shareholders' funds

 

   

175,599

   

100,957

 

For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 17 May 2017

.........................................
Mrs Karen Janet Caffrey
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

 

Homecarers (Liverpool) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Goodwill is amortised over its useful economic life on a straight line basis over ten years.

Asset class

Amortisation method and rate

Goodwill

10% on cost

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Short leasehold

25% reducing balance basis

Short leasehold

over 20 year licence

Plant and Machinery

25% reducing balance basis

Fixtures and Fittings

25% reducing balance basis

Motor Vehicles

25% reducing balance basis

Office Equioment

25% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. 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.

 

Homecarers (Liverpool) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

                 

At 1 September 2015

 

1,610

   

310,027

   

311,637

 

Additions

 

-

   

143,228

   

143,228

 

At 31 August 2016

 

1,610

   

453,255

   

454,865

 

Depreciation

                 

At 1 September 2015

 

1,610

   

271,403

   

273,013

 

Charge for the year

 

-

   

18,124

   

18,124

 

At 31 August 2016

 

1,610

   

289,527

   

291,137

 

Net book value

                 

At 31 August 2016

 

-

   

163,728

   

163,728

 

At 31 August 2015

 

-

   

38,624

   

38,624

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

2

   

2

   

2

   

2

 
                         
 

Homecarers (Liverpool) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

4

Related party transactions

Director's advances and credits

 

2016
Advance/ Credit
£

2016
Repaid
£

2015
Advance/ Credit
£

2015
Repaid
£

Mrs Karen Janet Caffrey

The company owes Mr & Mrs Caffrey, on which no interest has been charged

1,032

593

439

800