Compare_Private_Care_Ltd_30_Nov_2016_abbreviated_set_of_accounts.html
Compare_Private_Care_Ltd_30_Nov_2016_abbreviated_set_of_accounts.html
Company registration number:
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
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| Note | £ | £ | |||
| Fixed assets | |||||
| Intangible assets | 2 |
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| Current assets | |||||
| Debtors |
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| Creditors: amounts falling due within one year | 3 |
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| Net current assets/(liabilities) |
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| Total assets less current liabilities |
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| Creditors: amounts falling due after more than one year | 4 |
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| Net liabilities |
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| Capital and reserves | |||||
| Called up share capital | 5 |
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| Profit and loss account |
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| Shareholders deficit |
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For the year ending 30 November 2016 , 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 their 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.
These abbreviated financial statements were approved by the board of directors and authorised for issue on 22 June 2017 , and are signed on behalf of the board by:
| Director |
Company registration number: 09322578
Notes to the Abbreviated Accounts
Year ended 30 November 2016
1 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and accumulated impairment losses.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of the asset. Where a reliable estimate of the useful life of intangible assets cannot be made, the life is presumed not to exceed five years.
The carrying values of intangible assets are reviewed for impairment in a period if events or changes in circumstances indicate the carrying value may not be recoverable.
Financial instruments
Financial instruments are classified and accounted for according to the substance of contractual arrangements, as either financial assets, financial liabilities or equity instruments.
Operating leases
Leases are classified as operating leases where substantially all the benefits of ownerships remain with the lessor. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.
2 Intangible assets
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| Cost | ||
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| Amortisation | ||
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| Net book value | ||
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| At 30 November 2015 |
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3 Creditors: amounts falling due within one year
Creditors amounts falling due within one year are balances arising from the trading activities and no securities are given.
4 Creditors: amounts falling due after more than one year
Creditors: amounts falling due after more than one year consists of amounts invested by the company director Bara Massri.
2016 - 65,554 (2015 - 21,028)
2016 - 65,554 (2015 - 21,028)