Homecarers (Liverpool) Limited - Period Ending 2016-08-31

Homecarers (Liverpool) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016

Robinson Rice Associates Limited
Chartered Accountants, Statutory Auditors & Chartered Tax Advisors
30 Crosby Road North
Liverpool
Merseyside
L22 4QF

Homecarers (Liverpool) Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Homecarers (Liverpool) Limited
for the Year Ended 31 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Homecarers (Liverpool) Limited for the year ended 31 August 2016 set out on pages 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 http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Homecarers (Liverpool) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Homecarers (Liverpool) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Homecarers (Liverpool) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Homecarers (Liverpool) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Homecarers (Liverpool) Limited. You consider that Homecarers (Liverpool) 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 accounts of Homecarers (Liverpool) 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 accounts.

Robinson Rice Associates Limited
Chartered Accountants, Statutory Auditors & Chartered Tax Advisors
30 Crosby Road North
Liverpool
Merseyside
L22 4QF

17 May 2017

Page 1

Homecarers (Liverpool) Limited
(Registration number: 03729978)
Abbreviated Balance Sheet at 31 August 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		163,728	38,624
Current assets
Stocks		500	500
Debtors		270,184	77,224
Cash at bank and in hand		273,976	439,291
		544,660	517,015
Creditors: Amounts falling due within one year		(530,162)	(449,749)
Net current assets		14,498	67,266
Total assets less current liabilities		178,226	105,890
Provisions for liabilities		(2,627)	(4,933)
Net assets		175,599	100,957
Capital and reserves
Called up share capital	3	2	2
Revaluation reserve		24,435	24,435
Profit and loss account		151,162	76,520
Shareholders' funds		175,599	100,957

For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 17 May 2017

.........................................
Mrs Karen Janet Caffrey
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Homecarers (Liverpool) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Goodwill is amortised over its useful economic life on a straight line basis over ten years.

Asset class	Amortisation method and rate
Goodwill	10% on cost

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Short leasehold	25% reducing balance basis
Short leasehold	over 20 year licence
Plant and Machinery	25% reducing balance basis
Fixtures and Fittings	25% reducing balance basis
Motor Vehicles	25% reducing balance basis
Office Equioment	25% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Homecarers (Liverpool) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 September 2015	1,610	310,027	311,637
Additions	-	143,228	143,228
At 31 August 2016	1,610	453,255	454,865
Depreciation
At 1 September 2015	1,610	271,403	273,013
Charge for the year	-	18,124	18,124
At 31 August 2016	1,610	289,527	291,137
Net book value
At 31 August 2016	-	163,728	163,728
At 31 August 2015	-	38,624	38,624

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £1 each		2	2		2	2

Page 4

Homecarers (Liverpool) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mrs Karen Janet Caffrey
The company owes Mr & Mrs Caffrey, on which no interest has been charged	1,032	593	439	800

Page 5