Company Registration No. 08261702 (England and Wales)
GRAND CARE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
GRAND CARE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
GRAND CARE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
172,003
193,504
Tangible assets
2
667,193
681,526
839,196
875,030
Current assets
Stocks
1,994
500
Debtors
2,059
912
Cash at bank and in hand
493,874
192,839
497,927
194,251
Creditors: amounts falling due within one year
3
(285,185)
(185,598)
Net current assets
212,742
8,653
Total assets less current liabilities
1,051,938
883,683
Creditors: amounts falling due after more than one year
4
(815,511)
(836,189)
Provisions for liabilities
(4,830)
(6,993)
231,597
40,501
Capital and reserves
Called up share capital
5
400
400
Profit and loss account
231,197
40,101
Shareholders' funds
231,597
40,501
GRAND CARE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 2 -
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 16 December 2015
Mrs N Nagra
Director
Company Registration No. 08261702
GRAND CARE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 April 2008).
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 for care services provided.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 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:
Freehold land and buildings
2% Straight line
Fixtures, fittings and equipment
33% Straight line
Motor vehicles
25% Reducing balance
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
GRAND CARE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2014
215,005
713,339
928,344
Additions
-
20,627
20,627
At 31 March 2015
215,005
733,966
948,971
Depreciation
At 1 April 2014
21,501
31,813
53,314
Charge for the year
21,501
34,960
56,461
At 31 March 2015
43,002
66,773
109,775
Net book value
At 31 March 2015
172,003
667,193
839,196
At 31 March 2014
193,504
681,526
875,030
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £18,056).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £378,689).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary A shares of £1 each
100
100
100 Ordinary B shares of £1 each
100
100
100 Ordinary C shares of £1 each
100
100
100 Ordinary D shares of £1 each
100
-
400
400