Hicare Limited - Accounts to registrar (filleted) - small 18.2

Hicare Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Production v18.3.1.65 03064278 Board of Directors 30.4.17 29.4.18 29.4.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure030642782017-04-29030642782018-04-29030642782017-04-302018-04-29030642782016-04-30030642782016-05-012017-04-29030642782017-04-2903064278ns15:EnglandWales2017-04-302018-04-2903064278ns14:PoundSterling2017-04-302018-04-2903064278ns10:Director12017-04-302018-04-2903064278ns10:PrivateLimitedCompanyLtd2017-04-302018-04-2903064278ns10:SmallEntities2017-04-302018-04-2903064278ns10:AuditExempt-NoAccountantsReport2017-04-302018-04-2903064278ns10:SmallCompaniesRegimeForDirectorsReport2017-04-302018-04-2903064278ns10:SmallCompaniesRegimeForAccounts2017-04-302018-04-2903064278ns10:FullAccounts2017-04-302018-04-290306427812017-04-302018-04-2903064278ns10:Director22017-04-302018-04-2903064278ns10:RegisteredOffice2017-04-302018-04-2903064278ns5:CurrentFinancialInstruments2018-04-2903064278ns5:CurrentFinancialInstruments2017-04-2903064278ns5:Non-currentFinancialInstruments2018-04-2903064278ns5:Non-currentFinancialInstruments2017-04-2903064278ns5:ShareCapital2018-04-2903064278ns5:ShareCapital2017-04-2903064278ns5:RetainedEarningsAccumulatedLosses2018-04-2903064278ns5:RetainedEarningsAccumulatedLosses2017-04-2903064278ns5:NetGoodwill2017-04-302018-04-2903064278ns5:IntangibleAssetsOtherThanGoodwill2017-04-302018-04-2903064278ns5:LeaseholdImprovements2017-04-302018-04-2903064278ns5:PlantMachinery2017-04-302018-04-2903064278ns5:FurnitureFittings2017-04-302018-04-2903064278ns5:MotorVehicles2017-04-302018-04-2903064278ns5:NetGoodwill2017-04-2903064278ns5:NetGoodwill2018-04-2903064278ns5:NetGoodwill2017-04-2903064278ns5:LeaseholdImprovements2017-04-2903064278ns5:PlantMachinery2017-04-2903064278ns5:FurnitureFittings2017-04-2903064278ns5:MotorVehicles2017-04-2903064278ns5:LeaseholdImprovements2018-04-2903064278ns5:PlantMachinery2018-04-2903064278ns5:FurnitureFittings2018-04-2903064278ns5:MotorVehicles2018-04-2903064278ns5:LeaseholdImprovements2017-04-2903064278ns5:PlantMachinery2017-04-2903064278ns5:FurnitureFittings2017-04-2903064278ns5:MotorVehicles2017-04-2903064278ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-04-2903064278ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-04-2903064278ns5:CurrentFinancialInstruments2017-04-302018-04-2903064278ns5:Non-currentFinancialInstruments2017-04-302018-04-29


REGISTERED NUMBER: 03064278 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 April 2018

for

Hicare Limited

Hicare Limited (Registered number: 03064278)






Contents of the Financial Statements
for the Year Ended 29 April 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hicare Limited

Company Information
for the Year Ended 29 April 2018







DIRECTORS: S S Nanuwa
Mrs S K Nanuwa





REGISTERED OFFICE: 13b High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 03064278 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Hicare Limited (Registered number: 03064278)

Balance Sheet
29 April 2018

29.4.18 29.4.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 455,000 520,000
Tangible assets 5 228,387 235,690
683,387 755,690

CURRENT ASSETS
Debtors 6 1,453,961 1,669,276
Cash at bank and in hand 50,462 186,279
1,504,423 1,855,555
CREDITORS
Amounts falling due within one year 7 300,848 861,765
NET CURRENT ASSETS 1,203,575 993,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,886,962

1,749,480

CREDITORS
Amounts falling due after more than one
year

8

(827,196

)

(864,930

)

PROVISIONS FOR LIABILITIES (8,872 ) (7,069 )
NET ASSETS 1,050,894 877,481

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,050,794 877,381
1,050,894 877,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

Hicare Limited (Registered number: 03064278)

Balance Sheet - continued
29 April 2018


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 16 January 2019 and were signed on its behalf by:





S S Nanuwa - Director


Hicare Limited (Registered number: 03064278)

Notes to the Financial Statements
for the Year Ended 29 April 2018

1. STATUTORY INFORMATION

Hicare 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the
acquirer's interest in the fair value of the identifiable assets and liabilities of the acquiree at the date of
acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and
accumulated impairment losses. Goodwill is amortised on a straight line basis to the profit and loss account over
its estimated useful economic life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
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.

Hicare Limited (Registered number: 03064278)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2018

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 121 (2017 - 109 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 April 2017
and 29 April 2018 1,300,000
AMORTISATION
At 30 April 2017 780,000
Charge for year 65,000
At 29 April 2018 845,000
NET BOOK VALUE
At 29 April 2018 455,000
At 29 April 2017 520,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 30 April 2017 232,513 288,395 357,644 32,769 911,321
Additions - 22,181 - 7,222 29,403
At 29 April 2018 232,513 310,576 357,644 39,991 940,724
DEPRECIATION
At 30 April 2017 109,996 244,948 291,408 29,279 675,631
Charge for year 11,626 16,392 6,623 2,065 36,706
At 29 April 2018 121,622 261,340 298,031 31,344 712,337
NET BOOK VALUE
At 29 April 2018 110,891 49,236 59,613 8,647 228,387
At 29 April 2017 122,517 43,447 66,236 3,490 235,690

Hicare Limited (Registered number: 03064278)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.18 29.4.17
£    £   
Trade debtors 201,992 244,706
Other debtors 1,251,969 1,424,570
1,453,961 1,669,276

Other debtors include prepayments and accrued income of £11,685 (2017 £4,672).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.18 29.4.17
£    £   
Bank loans and overdrafts 72,033 52,375
Hire purchase contracts 5,735 205
Trade creditors 32,304 67,933
Taxation and social security 173,411 104,653
Other creditors 17,365 636,599
300,848 861,765

Other creditors include accruals and deferred income of £14,484 (2017 £19,468).

Bank loans are secured by a guarantee of £1,250,000 from S S and S K Nanuwa which is supported by legal
charges on the properties and associated assets used by the Company and owned by S S and S K Nanuwa who
are directors of the Company.

Net obligations under finance leases and hire purchase contracts are secured against the assets to which they
relate.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.4.18 29.4.17
£    £   
Bank loans 813,173 864,930
Hire purchase contracts 14,023 -
827,196 864,930

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 604,906 655,433

Bank loans are secured by a guarantee of £1,250,000 from S S and S K Nanuwa which is supported by legal
charges on the properties and associated assets used by the Company and owned by S S and S K Nanuwa who
are directors of the Company.