|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 JUNE 2019 |
|
FOR |
|
CRYSTAL CARE SERVICES LTD |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 JUNE 2019 |
|
FOR |
|
CRYSTAL CARE SERVICES LTD |
CRYSTAL CARE SERVICES LTD (REGISTERED NUMBER: 10382702) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
CRYSTAL CARE SERVICES LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
BUSINESS ADDRESS: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Fernwood House |
Fernwood Road |
Jesmond |
Newcastle upon Tyne |
NE2 1TJ |
CRYSTAL CARE SERVICES LTD (REGISTERED NUMBER: 10382702) |
|
BALANCE SHEET |
30 JUNE 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
9 |
|
|
NET ASSETS/(LIABILITIES) |
|
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 13 |
|
|
Retained earnings |
|
( |
) |
SHAREHOLDERS' FUNDS |
|
( |
) |
|
|
|
|
|
The director acknowledges her 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. |
CRYSTAL CARE SERVICES LTD (REGISTERED NUMBER: 10382702) |
|
BALANCE SHEET - continued |
30 JUNE 2019 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
CRYSTAL CARE SERVICES LTD (REGISTERED NUMBER: 10382702) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
1. | STATUTORY INFORMATION |
|
Crystal Care Services Ltd is a
|
The company's registered number and registered office address can be found on the Company |
Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
The financial statements are rounded to the nearest £1. |
|
The company's place of business can be found on the Company Information page. |
|
2. | STATEMENT OF COMPLIANCE |
|
|
|
3. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The financial statements have been prepared on a going concern basis which, in the opinion of the |
director, is the appropriate basis. The company's ability to continue trading is dependent upon the |
ongoing support of its director and the company's bankers. In the event that the company is unable to |
continue trading, adjustments would have to be made to reduce the value of assets to their |
recoverable amount. |
|
The significant accounting policies applied in the preparation of these financial statements are set out |
below. These policies have been consistently applied to all years presented unless otherwise stated. |
|
Preparation of consolidated financial statements |
The financial statements contain information about Crystal Care Services Ltd as an individual |
company and do not contain consolidated financial information as the parent of a group. The |
company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to |
prepare consolidated financial statements. |
|
Changes in accounting policies |
The company has early adopted the FRS 102 Triennial Review 2017 Amendments whereby directors' |
loans are measured at transaction price rather than at present value. |
|
Turnover |
Turnover represents care home residents' fees receivable (exempt from value added tax) which are |
recognised either under the terms of contracts with local authorities or under the terms of short term |
letting agreements. |
CRYSTAL CARE SERVICES LTD (REGISTERED NUMBER: 10382702) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
3. | ACCOUNTING POLICIES - continued |
|
Tangible fixed assets |
|
Freehold property | - |
|
Fixtures and fittings | - |
|
|
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation |
and accumulated impairment losses. Cost includes costs directly attributable to making the asset |
capable of operating as intended. |
|
In the previous period the company was charging depreciation on freehold property at a rate of 20% |
on refurbishment costs and nothing on the original cost of the property. The method has changed in |
the current year to 2% on a straightline basis on the remaining non-depreciated element brought |
forward and on any refurbishment costs in the year. This has had the effect of reducing the freehold |
depreciation charge for the year by £41,987. |
|
The company also changed its depreciation method on fixtures and fittings from 15% on a reducing |
balance basis to 15% on a straightline basis. This has had an immaterial effect on the fixtures and |
fittings depreciation charge for the year. |
|
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
Income and Retained Earnings, except to the extent that it relates to items recognised in other |
comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
|
Pension costs and other post-retirement benefits |
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. |
CRYSTAL CARE SERVICES LTD (REGISTERED NUMBER: 10382702) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
3. | ACCOUNTING POLICIES - continued |
|
Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are |
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss |
account in other administrative expenses. |
|
Impairment of assets |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at |
each balance sheet date. If such indication exists, the recoverable amount of the asset, or the |
asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying |
amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the |
asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
|
Loans and borrowings |
Loans and borrowings 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. If an arrangement constitutes a finance transaction it is measured at present value. |
|
Provisions |
Provisions are recognised when the company has an obligation at the balance sheet date as a result |
of a past event, it is probable that an outflow of economic benefits will be required in settlement and |
the amount can be reliably estimated. |
|
4. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 July 2018 |
|
|
|
Additions |
|
|
|
At 30 June 2019 |
|
|
|
DEPRECIATION |
At 1 July 2018 |
|
|
|
Charge for year |
|
|
|
At 30 June 2019 |
|
|
|
NET BOOK VALUE |
At 30 June 2019 |
|
|
|
At 30 June 2018 |
|
|
|
CRYSTAL CARE SERVICES LTD (REGISTERED NUMBER: 10382702) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2018 |
and 30 June 2019 |
|
NET BOOK VALUE |
At 30 June 2019 |
|
At 30 June 2018 |
|
|
The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
|
|
Registered office: England and Wales |
Nature of business:
|
% |
Class of shares: | holding |
|
|
|
|
Registered office: England and Wales |
Nature of business:
|
% |
Class of shares: | holding |
|
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Amounts owed by related parties | 652 | - |
Deferred tax asset |
Accelerated capital allowances | 11,680 | - |
Prepayments and accrued income |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts (see note 10) |
|
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
CRYSTAL CARE SERVICES LTD (REGISTERED NUMBER: 10382702) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Bank loans (see note 10) |
|
|
Directors' loan accounts | 2,032,555 | 1,204,746 |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans due after 5 years | 292,484 | 313,428 |
|
10. | LOANS |
|
An analysis of the maturity of loans is given below: |
|
2019 | 2018 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
|
|
|
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
|
|
|
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans due after 5 years | 292,484 | 313,428 |
|
11. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2019 | 2018 |
£ | £ |
Bank loans |
|
|
|
The bank loan is secured on the company's freehold property. |
|
12. | DEFERRED TAX |
£ |
Credit to Income Statement during year | ( |
) |
Balance at 30 June 2019 | ( |
) |
CRYSTAL CARE SERVICES LTD (REGISTERED NUMBER: 10382702) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
13. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
|
14. | RELATED PARTY DISCLOSURES |
|
The company has taken advantage of exemption, under the terms of Financial Reporting Standard |
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose |
related party transactions with wholly owned subsidiaries within the group. |
|
Key management personnel of the entity (in the aggregate) |
|
2019 | 2018 |
£ | £ |
Amount due to related party | 2,032,555 | 1,204,746 |
The above loan is interest free and unsecured. |
|
15. | POST BALANCE SHEET EVENTS |
|
On 1 July 2019 the company acquired the entire share capital of Eastgate Manor Limited. |