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Unaudited Financial Statements for the Year Ended 30th April 2017 |
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Domus Live-In Care Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30th April 2017 |
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for |
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Domus Live-In Care Limited |
Domus Live-In Care Limited (Registered number: 08521423) |
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Contents of the Financial Statements |
for the Year Ended 30th April 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Domus Live-In Care Limited |
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Company Information |
for the Year Ended 30th April 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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4 Kings Row |
Armstrong Road |
Maidstone |
Kent |
ME15 6AQ |
Domus Live-In Care Limited (Registered number: 08521423) |
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Balance Sheet |
30th April 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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Domus Live-In Care Limited (Registered number: 08521423) |
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Notes to the Financial Statements |
for the Year Ended 30th April 2017 |
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1. | STATUTORY INFORMATION |
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Domus Live-In Care Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
In the application of the Company's accounting policies, management is required to make |
judgements, estimates and assumptions about carrying values of assets and liabilities that are not |
readily apparent from other sources. The estimates and underlying assumptions are based on |
historical experience and other factors that are considered to be relevant. Actual results may differ |
from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to the |
accounting estimates are recognised in the period in which the estimate is revised if the revisions |
affect only one period, or in the period of revision and future periods if the revision affects both |
current and future periods. |
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The amounts recoverable on contract represents the value of work completed at the balance sheet |
date but not invoiced until after the year end. This is a calculation based on the previous 4 weekly |
billing cycle, compared to the days remaining to the year end since the previous billing cycle. This |
estimate has proved to be historically reliable. |
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A payroll accrual is also calculated in the same manner as the income accrual above but using |
payroll cycles. |
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Turnover |
Turnover represents the invoiced value of sales of goods and services, and together with the value of |
work completed at the Balance Sheet date. |
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Financial instruments |
The company only enters into basic financial instruments. |
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Debtors, creditors and loans which are repayable within one year with no stated interest rate are |
recorded at transaction price. Any losses arising from impairment are recognised in the profit and |
loss account under other administrative expenses. |
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Loans and borrowings which are payable in more than one year are initially recognised at the |
transaction price including transaction costs. Subsequently they are measured at amortised cost |
using the effective interest rate method, less impairment. |
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Going concern |
The financial statements have been prepared on a going concern basis. No material uncertainties |
that may cast doubt about the ability of the company to continue as a going concern have been |
identified by the directors, as the company will continue to receive the necessary support from its |
ultimate parent company, Care at Home Services (South East) Limited. |
Domus Live-In Care Limited (Registered number: 08521423) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th April 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Value added tax (vat) |
The company provides healthcare services which are regarded as being exempt from VAT. |
Consequently all transactions are accounted for inclusive of any VAT incurred. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Amounts recoverable on contract |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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6. | RELATED PARTY DISCLOSURES |
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Care at Home Services (South East) Limited |
Parent company |
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Various short term loans, to assist with working capital, and repayments were made during the year. |
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The amount due to the related party at the balance sheet date was £36,549 (2016: £24,780). |
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Domus Extra Care Limited |
Fellow group company |
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The company paid a management charge to Domus Extra Care Limited totalling £25,699 (2016: |
£14,114) during the year. In addition, various short term loans and repayments were made during |
the year. |
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The amount due to/(from) the related party at the balance sheet date was £14,048 (2016: (£1,591)). |
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7. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Mr and Mrs D McDowell, through their shareholding in Care at Home |
Services (South East) Limited. |
Domus Live-In Care Limited (Registered number: 08521423) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th April 2017 |
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8. | FIRST YEAR ADOPTION |
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The company has adopted FRS 102 Section 1A from small companies for the year ended 30 April |
2017, with the date of transition therefore being 1 May 2015. |
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On transition the directors have considered the effect of any changes in accounting treatment from |
UK GAAP to FRS 102 Section 1A for the company. The directors have not identified any material |
changes that would warrant restatement in the current and comparative financials. |