SA & JO Care Limited
Unaudited Abbreviated Accounts
For the year ended 31 August 2016
Company Registration No. 07531263 (England and Wales)
SA & JO Care Limited
Contents
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
SA & JO Care Limited
Abbreviated Balance Sheet
As at 31 August 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
787,500
840,000
Tangible assets
2
1,937,375
1,940,367
2,724,875
2,780,367
Current assets
Debtors
72,237
6,683
Cash at bank and in hand
1,239,514
1,110,100
1,311,751
1,116,783
Creditors: amounts falling due within one year
(684,110)
(671,242)
Net current assets
627,641
445,541
Total assets less current liabilities
3,352,516
3,225,908
Creditors: amounts falling due after more than one year
3
(2,155,914)
(2,231,767)
Provisions for liabilities
(8,469)
(9,067)
1,188,133
985,074
Capital and reserves
Called up share capital
4
1
1
Profit and loss account
1,188,132
985,073
Shareholders' funds
1,188,133
985,074
SA & JO Care Limited
Abbreviated Balance Sheet (Continued)
As at 31 August 2016
Page 2
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 May 2017
Mr D S Rai
Director
Company Registration No. 07531263
SA & JO Care Limited
Notes to the Abbreviated Accounts
For the year ended 31 August 2016
Page 3
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable in respect of the provision of residential care for the elderly.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Nil
Fixtures, fittings & equipment
straight line over 10 years
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
SA & JO Care Limited
Notes to the Abbreviated Accounts (Continued)
For the year ended 31 August 2016
Page 4
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2015
1,050,000
1,963,675
3,013,675
Additions
-
4,302
4,302
At 31 August 2016
1,050,000
1,967,977
3,017,977
Depreciation
At 1 September 2015
210,000
23,308
233,308
Charge for the year
52,500
7,294
59,794
At 31 August 2016
262,500
30,602
293,102
Net book value
At 31 August 2016
787,500
1,937,375
2,724,875
At 31 August 2015
840,000
1,940,367
2,780,367
3
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
1,865,381
1,896,399
The aggregate amount of creditors for which security has been given amounted to £2,225,323 (2015 - £2,231,360).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
5
Control
The ultimate controlling party is the director
Mr
D
S Rai by virtue of his 100% shareholding in the company.