1st Care Limited - Limited company - abbreviated - 11.6

1st Care Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 04254989 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

1ST CARE LIMITED

1ST CARE LIMITED (REGISTERED NUMBER: 04254989)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014










Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

1ST CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTOR: Mrs J Patel



SECRETARY: S Mistry



REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH



REGISTERED NUMBER: 04254989 (England and Wales)



ACCOUNTANTS: Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH



BANKERS: The Royal Bank of Scotland
Birmingham Colmore Row Branch
79/83 Colmore Row
Birmingham
B3 2AP

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
1ST CARE LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to eight) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of 1st Care Limited for the year ended 31 March 2014 which comprise the Profit and Loss Account, the Balance
Sheet and the related notes 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 icaew.com/membershandbook.

This report is made solely to the director of 1st Care Limited in accordance with the terms of our engagement letter dated
22 October 2010. Our work has been undertaken solely to prepare for your approval the financial statements of 1st Care
Limited and state those matters that we have agreed to state to the director of 1st Care Limited in this report in accordance
with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that 1st Care Limited has kept adequate accounting records and to prepare statutory financial
statements that give a true and fair view of the assets, liabilities, financial position and profit of 1st Care Limited. You
consider that 1st Care 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 financial statements of 1st Care 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 financial statements.






Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


24 December 2014

1ST CARE LIMITED (REGISTERED NUMBER: 04254989)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1 1
Tangible assets 3 2,243,141 2,152,691
Investments 4 782,699 782,699
3,025,841 2,935,391

CURRENT ASSETS
Stocks 10,210 11,320
Debtors 455,216 128,960
Cash at bank and in hand 67,371 155,704
532,797 295,984
CREDITORS
Amounts falling due within one year 5 804,054 1,850,239
NET CURRENT LIABILITIES (271,257 ) (1,554,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,754,584

1,381,136

CREDITORS
Amounts falling due after more than one year 5 (1,792,180 ) (597,807 )

PROVISIONS FOR LIABILITIES (17,821 ) (18,074 )
NET ASSETS 944,583 765,255

1ST CARE LIMITED (REGISTERED NUMBER: 04254989)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014

2014 2013
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 6 351,000 351,000
Revaluation reserve 542,693 553,999
Profit and loss account 50,890 (139,744 )
SHAREHOLDERS' FUNDS 944,583 765,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 24 December 2014 and were signed by:





Mrs J Patel - Director


1ST CARE LIMITED (REGISTERED NUMBER: 04254989)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation of
certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents the fee receivable for services provided. Turnover is recognised when the company has a right
to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - 2% on cost
Fixtures and fittings - 20% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are
depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Investments
Fixed asset investments are stated at cost unless, in the opinion of the Directors, there has been an impairment, in
which case an appropriate adjustment is made.

1ST CARE LIMITED (REGISTERED NUMBER: 04254989)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 104,504
AMORTISATION
At 1 April 2013
and 31 March 2014 104,503
NET BOOK VALUE

At 31 March 2014 1
At 31 March 2013 1

3. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 April 2013 2,864,924
Additions 162,322
At 31 March 2014 3,027,246
DEPRECIATION
At 1 April 2013 712,233
Charge for year 71,872
At 31 March 2014 784,105
NET BOOK VALUE
At 31 March 2014 2,243,141
At 31 March 2013 2,152,691

1ST CARE LIMITED (REGISTERED NUMBER: 04254989)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2013
and 31 March 2014 782,699
NET BOOK VALUE
At 31 March 2014 782,699
At 31 March 2013 782,699

The company's investments at the balance sheet date in the share capital of companies include the following:

Regency Investments Limited
Country of incorporation: England and Wales
Nature of business: management of a nursing home.
%
Class of shares: holding
Ordinary shares 100.00
2014 2013
£    £   
Aggregate capital and reserves 580,002 641,361
Loss for the year (61,359 ) (30,427 )

5. CREDITORS

Creditors include an amount of £ 2,061,141 (2013 - £ 1,345,675 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014 2013
£    £   
Repayable by instalments - 102,503

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
351,000 Ordinary £1 351,000 351,000

1ST CARE LIMITED (REGISTERED NUMBER: 04254989)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


7. RELATED PARTY DISCLOSURES

At the balance sheet date, creditors less than one year included amounts owed to Regency Investments Limited of
£252,997 (2013: £522,417) wholly owned subsidiary of the company. The amounts are interest free with no specific
terms for repayments.

During the year, the company paid £39,600 for consultancy services to New Green Solutions Ltd, the company in
which director's spouse has a beneficial interest in. At the balance sheet date, creditors less than one year included
amounts owed to New Green Solutions Ltd of £6,800.

Company's administration and accounting functions are carried out from the premises owned by the director. The
company made payment of £12,000 (2013: £12,000) for the use of the premises as offices on a market rent basis.

8. ULTIMATE CONTROLLING PARTY

The Ultimate controlling party is J Patel by virtue of her 100% interest in the share holdings of company.