The Glades Health Care Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05941558 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

THE GLADES HEALTH CARE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A J Milner

Ms S C Wells

REGISTERED OFFICE:

The Dairy Criftin Enterprise Centre

Oxton Road

Epperstone

Nottinghamshire

NG14 6AT

REGISTERED NUMBER:

05941558 (England and Wales)

AUDITORS:

Beeley Hawley & Co. Ltd

Chartered Accountants

Statutory Auditors

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

FIXED ASSETS

Tangible assets

4

108,315

119,888

CURRENT ASSETS

Debtors

409,516

515,012

Cash at bank and in hand

55,267

13,711

464,783

528,723

CREDITORS

Amounts falling due within one year

106,111

188,933

NET CURRENT ASSETS

358,672

339,790

TOTAL ASSETS LESS CURRENT LIABILITIES

466,987

459,678

CREDITORS

Amounts falling due after more than one year

(40,000

)

-

PROVISIONS FOR LIABILITIES

(840

)

(5,853

)

NET ASSETS

426,147

453,825

CAPITAL AND RESERVES

Called up share capital

100

2

Share premium

462,630

462,630

Retained earnings

(36,583

)

(8,807

)

SHAREHOLDERS' FUNDS

426,147

453,825

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 September 2018 and were signed on its behalf by:

Mrs A J Milner - Director

1.	STATUTORY INFORMATION

The Glades Health Care Ltd 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.

Turnover

The turnover shown in the profit and loss account represents the value of care services provided, based on the

level of care required. Turnover is recognised at the point these care services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 accounts are prepared on the going concern basis as it is the directors' view that the company has sufficient

resources to continue to trade for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2017 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

338,607

Additions

16,334

At 31 March 2018

354,941

DEPRECIATION

At 1 April 2017

218,719

Charge for year

27,907

At 31 March 2018

246,626

NET BOOK VALUE

At 31 March 2018

108,315

At 31 March 2017

119,888

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr G M Beeley (Senior Statutory Auditor)

for and on behalf of Beeley Hawley & Co. Ltd

6.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities and assist with the preparation of the financial statements.

7.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Conniston Care Limited, a company registered in England with its registered

office at The Dairy, Criftin Enterprise Centre, Oxton Road, Epperstone, Notts. NG14 6AT. Conniston Care

Limited is controlled by Mrs A Milner who owns more than 50% of the ordinary share capital.