Company Registration No. 09011736 (England and Wales)
ASHLANDS NH LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2016
ASHLANDS NH LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ASHLANDS NH LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
56,497
104,924
Tangible assets
2
4,285
6,561
60,782
111,485
Current assets
Stocks
871
906
Debtors
31,544
42,335
Cash at bank and in hand
-
19,558
32,415
62,799
Creditors: amounts falling due within one year
(90,211)
(106,368)
Net current liabilities
(57,796)
(43,569)
Total assets less current liabilities
2,986
67,916
Creditors: amounts falling due after more than one year
-
(59,756)
Provisions for liabilities
(857)
(1,312)
2,129
6,848
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
2,127
6,846
Shareholders' funds
2,129
6,848
ASHLANDS NH LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial Period ended 31 March 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 Period 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 19 December 2016
Mr J L O'Rourke
Director
Company Registration No. 09011736
ASHLANDS NH LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 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 company finances its operations by means of a bank overdraft facility and a third party loan. The directors are not aware of any reason why these facilities will not be maintained at their current level. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.
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 nursing home services.
nursing home services.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of three years .
of three years
.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Plant and machinery
15% straight line
Fixtures, fittings & equipment
25% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
145,280
8,191
153,471
Depreciation
At 1 April 2015
40,356
1,630
41,986
Charge for the period
48,427
2,276
50,703
At 31 March 2016
88,783
3,906
92,689
Net book value
At 31 March 2016
56,497
4,285
60,782
At 31 March 2015
104,924
6,561
111,485
ASHLANDS NH LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
4
Related party relationships and transactions
Loans from the directors
Transactions in relation to loans with directors during the Period are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr J L O'Rourke
-
13,466
-
-
13,362
104
Mrs M A O'Rourke
-
13,465
-
-
13,362
103
26,931
-
-
26,724
207