|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements |
|
for the Year Ended 31 December 2017 |
|
for |
|
Family Care Fostering Ltd |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements |
|
for the Year Ended 31 December 2017 |
|
for |
|
Family Care Fostering Ltd |
Family Care Fostering Ltd (Registered number: 07990947) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the year ended 31 December 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Family Care Fostering Ltd |
|
Company Information |
for the year ended 31 December 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
AUDITORS: |
|
22-28 Willow Street |
Accrington |
Lancashire |
BB5 1LP |
Family Care Fostering Ltd (Registered number: 07990947) |
|
Abridged Balance Sheet |
31 December 2017 |
|
31/12/17 | 31/12/16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
|
|
|
Family Care Fostering Ltd (Registered number: 07990947) |
|
Notes to the Financial Statements |
for the year ended 31 December 2017 |
|
1. | STATUTORY INFORMATION |
|
Family Care Fostering Ltd is a
|
registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
After making the appropriate enquiries, the directors have concluded that the group will be able to meet its financial |
obligations and will continue to generate positive free cash flow for the foreseeable future and therefore have a reasonable |
expectation that the company has adequate resource to continue in operational existence for the foreseeable future and, |
accordingly, consider it appropriate to adopt the going concern basis in preparing the accounts. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
tax and other sales taxes. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
future payments is treated as a liability. |
|
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Family Care Fostering Ltd (Registered number: 07990947) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2017 |
|
2. | ACCOUNTING POLICIES - continued |
|
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. |
|
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either |
financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual |
interest in the assets of the company after deducting all of its liabilities. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2017 |
|
Additions |
|
At 31 December 2017 |
|
DEPRECIATION |
At 1 January 2017 |
|
Charge for year |
|
At 31 December 2017 |
|
NET BOOK VALUE |
At 31 December 2017 |
|
At 31 December 2016 |
|
Family Care Fostering Ltd (Registered number: 07990947) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2017 |
|
4. | TANGIBLE FIXED ASSETS - continued |
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
|
Totals |
£ |
COST |
At 1 January 2017 | 12,400 |
Transfer to ownership | (12,400 | ) |
At 31 December 2017 | - |
DEPRECIATION |
At 1 January 2017 | 9,042 |
Charge for year | 3,100 |
Transfer to ownership | (12,142 | ) |
At 31 December 2017 | - |
NET BOOK VALUE |
At 31 December 2017 | - |
At 31 December 2016 | 3,358 |
|
5. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31/12/17 | 31/12/16 |
£ | £ |
Hire purchase contracts | - | 825 |
|
Hire purchase liabilities are secured on the associated asset. |
|
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
7. | CONTINGENT LIABILITIES |
|
The company has entered into a Composite Accounting Agreement dated 17 July 2007 (The "Agreement"). Each |
participating related party (Dalepeak Limited, Family Care Fostering Limited (formerly Families@FamilyCare Limited), |
Family Care Associates Limited, Family Care Associates (Fostering) Limited, Family Care Associates (Holdings) Limited |
and Young Alliance Limited) has provided a guarantee to Barclays Bank PLC. Under the terms of the Agreement and the |
cross guarantees, Barclays Bank PLC is authorised to allow set-off for interest purposes and in certain circumstances to |
seize credit balances and apply them in reduction of liabilities including debit balances within the Composite Accounting |
System. The maximum potential liability arising under this guarantee at the year end was £694,854 (2016: £715,117). |
Family Care Fostering Ltd (Registered number: 07990947) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2017 |
|
8. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
|
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax |
authorities and assist with the preparation of the financial statements. |
|
9. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling party is
|