DOMUS LIVE-IN CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019
Domus Live-In Care 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.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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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.
Turnover represents the invoiced value of sales of goods and services, and together with the value of
work completed at the Balance Sheet date.
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.
The company only enters into basic financial instruments.
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.
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.
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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