Company Registration No. 05788444 (England and Wales)
AXE VALLEY HOME CARE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
AXE VALLEY HOME CARE LTD
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
9,000
Tangible assets
2
15,361
20,483
15,361
29,483
Current assets
Debtors
309,793
574,377
Cash at bank and in hand
776,423
333,986
1,086,216
908,363
Creditors: amounts falling due within one year
(171,390)
(101,958)
Net current assets
914,826
806,405
Total assets less current liabilities
930,187
835,888
Provisions for liabilities
(2,168)
(2,994)
928,019
832,894
Capital and reserves
Called up share capital
3
104
104
Profit and loss account
927,915
832,790
Shareholders' funds
928,019
832,894
For the financial year ended 30 April 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 27 January 2017
Mr J Gallagher
Mrs H Le Carpentier
Director
Director
Company Registration No. 05788444
AXE VALLEY HOME CARE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
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).
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 goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
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:
Land and buildings Leasehold
Fixtures, fittings & equipment
25% reducing balance basis
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2015 & at 30 April 2016
90,000
69,337
159,337
Depreciation
At 1 May 2015
81,000
48,855
129,855
Charge for the year
9,000
5,121
14,121
At 30 April 2016
90,000
53,976
143,976
Net book value
At 30 April 2016
-
15,361
15,361
At 30 April 2015
9,000
20,483
29,483
AXE VALLEY HOME CARE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Class A of £1 each
100
100
4 Ordinary Class B,C,D & E of £1 each
4
4
104
104