Company Registration No. 08587090 (England and Wales)
ARCHMORE CARE SERVICES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
ARCHMORE CARE SERVICES LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ARCHMORE CARE SERVICES LTD
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
122,400
163,600
Tangible assets
2
1,990,050
2,011,714
2,112,450
2,175,314
Current assets
Debtors
144,558
139,913
Cash at bank and in hand
411,084
118,749
555,642
258,662
Creditors: amounts falling due within one year
(420,226)
(409,360)
Net current assets/(liabilities)
135,416
(150,698)
Total assets less current liabilities
2,247,866
2,024,616
Creditors: amounts falling due after more than one year
3
(2,151,196)
(1,985,105)
Provisions for liabilities
(23,112)
(17,929)
73,558
21,582
Capital and reserves
Called up share capital
4
2
2
Profit and loss account
73,556
21,580
Shareholders' funds
73,558
21,582
ARCHMORE CARE SERVICES LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
For the financial year ended 30 November 2016 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 23 August 2017
Mr R R Selliah
Director
Company Registration No. 08587090
ARCHMORE CARE SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 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).
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the continued support of the directors and creditors.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, to provide for further liabilities that might arise and reclassify fixed assets as current assets.
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.
1.3
Turnover
Turnover represents amounts receivable for goods and services net of trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years .
of 5 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 - building element only
Computer equipment
25% reducing balance
Fixtures, fittings and equipment
20% reducing balance
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.
ARCHMORE CARE SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 December 2015
206,000
2,078,840
2,284,840
Additions
-
37,452
37,452
At 30 November 2016
206,000
2,116,292
2,322,292
Depreciation
At 1 December 2015
42,400
67,126
109,526
Charge for the year
41,200
59,116
100,316
At 30 November 2016
83,600
126,242
209,842
Net book value
At 30 November 2016
122,400
1,990,050
2,112,450
At 30 November 2015
163,600
2,011,714
2,175,314
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
396,959
175,053
The aggregate amount of creditors for which security has been given amounted to £2,175,696 (2015 - £2,022,402).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2