Beaufort Care Group Limited - Accounts to registrar (filleted) - small 18.1
Beaufort Care Group Limited - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 August 2017 |
for |
BEAUFORT CARE GROUP LIMITED |
BEAUFORT CARE GROUP LIMITED (REGISTERED NUMBER: 04690084) |
Contents of the Financial Statements |
for the Year Ended 31 August 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BEAUFORT CARE GROUP LIMITED |
Company Information |
for the Year Ended 31 August 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
42 Lytton Road |
BARNET |
EN5 5BY |
BEAUFORT CARE GROUP LIMITED (REGISTERED NUMBER: 04690084) |
Abridged Balance Sheet |
31 August 2017 |
31.8.17 | 31.8.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 | 651,338 | 713,323 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
BEAUFORT CARE GROUP LIMITED (REGISTERED NUMBER: 04690084) |
Abridged Balance Sheet - continued |
31 August 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on on its behalf by: |
BEAUFORT CARE GROUP LIMITED (REGISTERED NUMBER: 04690084) |
Notes to the Financial Statements |
for the Year Ended 31 August 2017 |
1. | STATUTORY INFORMATION |
Beaufort Care Group Limited is a |
and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 31 August 2017 are the first that are prepared |
in accordance with FRS 102 Section 1A. The previous financial statements were prepared in |
accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 September 2015. |
Turnover |
Turnover represents amount chargeable in respect of the sale of placements funded by |
councils and social services. |
Tangible fixed assets |
Improvements to property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the balance sheet date. |
BEAUFORT CARE GROUP LIMITED (REGISTERED NUMBER: 04690084) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2017 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in |
periods different from those in which they are recognised in financial statements. Deferred |
tax is measured using tax rates and laws that have been enacted or substantively enacted |
by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it |
is probable that they will be recovered against the reversal of deferred tax liabilities or other |
future taxable profits. |
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 profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
BEAUFORT CARE GROUP LIMITED (REGISTERED NUMBER: 04690084) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2017 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 September 2016 |
Additions |
At 31 August 2017 |
DEPRECIATION |
At 1 September 2016 |
Charge for year |
At 31 August 2017 |
NET BOOK VALUE |
At 31 August 2017 |
At 31 August 2016 |
Fixed assets, included in the above, which are held under hire purchase contracts are as |
follows: |
Totals |
£ |
COST |
At 1 September 2016 |
and 31 August 2017 | 124,895 |
DEPRECIATION |
At 1 September 2016 | 33,487 |
Charge for year | 22,852 |
At 31 August 2017 | 56,339 |
NET BOOK VALUE |
At 31 August 2017 | 68,556 |
At 31 August 2016 | 91,408 |
5. | LOANS |
An analysis of the maturity of loans is given below: |
31.8.17 | 31.8.16 |
£ | £ |
Amounts falling due within one year or on demand: |
Other loans |
BEAUFORT CARE GROUP LIMITED (REGISTERED NUMBER: 04690084) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2017 |
5. | LOANS - continued |
31.8.17 | 31.8.16 |
£ | £ |
Amounts falling due between one and two years: |
Other loans - 1-2 years | 22,084 |
Amounts falling due between two and five years: |
Other loans - 2-5 years |
6. | SECURED DEBTS |
Obligations under finance leases and hire purchase contracts are secured against the assets |
to which they relate. |
A Facility loan is 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. A further Facility loan is |
secured by a personal guarantee from the director Ms J L Kendall and 10% charge on the |
shares held by Ms J L Kendall in the company. |
7. | PROVISIONS FOR LIABILITIES |
31.8.17 | 31.8.16 |
£ | £ |
Deferred tax | 9,310 | 14,813 |
Deferred |
tax |
£ |
Balance at 1 September 2016 |
Utilised during year | ( |
) |
Balance at 31 August 2017 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.17 | 31.8.16 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
B Ordinary | £1 | 11 | 1 |
111 | 101 |
BEAUFORT CARE GROUP LIMITED (REGISTERED NUMBER: 04690084) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2017 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 September 2016 |
Deficit for the year | ( |
) |
At 31 August 2017 | ( |
) |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year, the company paid rent totalling £90,000 (2016 £70,000) to Ms J L Kendall |
for premises occupied by the company. |
At the balance sheet date, included on other creditors is an interest free loan of £121,388 |
(2016: £1,443), due and payable to the directors. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |