Domus Live-In Care Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08521423 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2018

for

Domus Live-In Care Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D R McDowell

Mrs D A McDowell

SECRETARY:

Mr D R McDowell

REGISTERED OFFICE:

4 Kings Row

Armstrong Road

Maidstone

Kent

ME15 6AQ

REGISTERED NUMBER:

08521423 (England and Wales)

ACCOUNTANTS:

Haines Watts Kent LLP

4 Kings Row

Armstrong Road

Maidstone

Kent

ME15 6AQ

CURRENT ASSETS

Debtors

4

23,584

17,393

Cash at bank

7,123

7,698

30,707

25,091

CREDITORS

Amounts falling due within one year

5

88,398

61,305

NET CURRENT LIABILITIES

(57,691

)

(36,214

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(57,691

)

(36,214

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(57,791

)

(36,314

)

SHAREHOLDERS' FUNDS

(57,691

)

(36,214

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2018 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.

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 26th July 2018 and were signed on its behalf by:

Mrs D A McDowell - Director

1.	STATUTORY INFORMATION

Domus Live-In Care Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the Company's accounting policies, management is required to make

judgements, estimates and assumptions about carrying values of assets and liabilities that are not

readily apparent from other sources. The estimates and underlying assumptions are based on

historical experience and other factors that are considered to be relevant. Actual results may differ

from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to the

accounting estimates are recognised in the period in which the estimate is revised if the revisions

affect only one period, or in the period of revision and future periods if the revision affects both

current and future periods.

The amounts recoverable on contract represents the value of work completed at the balance sheet

date but not invoiced until after the year end. This is a calculation based on the previous 4 weekly

billing cycle, compared to the days remaining to the year end since the previous billing cycle. This

estimate has proved to be historically reliable.

A payroll accrual is also calculated in the same manner as the income accrual above but using

payroll cycles.

Turnover

Turnover represents the invoiced value of sales of goods and services, and together with the value of

work completed at the Balance Sheet date.

Financial instruments

The company only enters into basic financial instruments.

Debtors, creditors and loans which are repayable within one year with no stated interest rate are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and

loss account under other administrative expenses.

Loans and borrowings which are payable in more than one year are initially recognised at the

transaction price including transaction costs. Subsequently they are measured at amortised cost

using the effective interest rate method, less impairment.

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.

Going concern

The financial statements have been prepared on a going concern basis. No material uncertainties

that may cast doubt about the ability of the company to continue as a going concern have been

identified by the directors, as the company will continue to receive the necessary support from its

ultimate parent company, Care at Home Services (South East) Limited.

Value added tax (vat)

The company provides healthcare services which are regarded as being exempt from VAT.

Consequently all transactions are accounted for inclusive of any VAT incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2017 - 14 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

3,523

-

Amounts recoverable on contract

17,442

14,811

Other debtors

2,619

2,582

23,584

17,393

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,044

1,166

Amounts owed to group undertakings

74,421

50,597

Taxation and social security

4,281

4,147

Other creditors

7,652

5,395

88,398

61,305

6.	RELATED PARTY DISCLOSURES

Care at Home Services (South East) Limited

Parent company

Various short term loans, to assist with working capital, and repayments were made during the year.

The amount due to the related party at the balance sheet date was £50,231 (2017: £36,549).

Domus Extra Care Limited

Fellow group company

The company paid a management charge to Domus Extra Care Limited totalling £30,911 (2017:

£25,699) during the year. In addition, various short term loans and repayments were made during

the year.

The amount due to the related party at the balance sheet date was £24,191 (2017: £14,048).

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs D McDowell, through their shareholding in Care at Home

Services (South East) Limited.