Company Registration No. 07014370 (England and Wales)
Greystones Nursing Home Ltd
Unaudited accounts
for the year ended 29 February 2020
Greystones Nursing Home Ltd
Unaudited accounts
Contents
Greystones Nursing Home Ltd
Company Information
for the year ended 29 February 2020
Directors
Shahbaz Munir
Simkey Munir
Company Number
07014370 (England and Wales)
Registered Office
9 Parsons Road
Bradford
BD9 4DW
UK
Accountants
A&M Accountants & Consultants LLP
101 Oak Lane
Bradford
West Yorkshire
BD9 4QU
Greystones Nursing Home Ltd
Statement of financial position
as at
29 February 2020
Intangible assets
-
25,000
Tangible assets
276,678
274,311
Cash at bank and in hand
163,200
259,005
Creditors: amounts falling due within one year
(81,094)
(76,068)
Net current assets
108,317
195,486
Total assets less current liabilities
384,995
494,797
Creditors: amounts falling due after more than one year
(181,455)
(267,811)
Net assets
203,540
226,986
Called up share capital
100
100
Profit and loss account
203,440
226,886
Shareholders' funds
203,540
226,986
For the year ending 29 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2020 and were signed on its behalf by
Simkey Munir
Director
Company Registration No. 07014370
Greystones Nursing Home Ltd
Notes to the Accounts
for the year ended 29 February 2020
Greystones Nursing Home Ltd is a private company, limited by shares, registered in England and Wales, registration number 07014370. The registered office is 9 Parsons Road, Bradford, BD9 4DW, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Fixtures & fittings
10% straight line
Computer equipment
10% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 29 February 2020
500,000
Charge for the year
25,000
At 29 February 2020
500,000
At 28 February 2019
25,000
Greystones Nursing Home Ltd
Notes to the Accounts
for the year ended 29 February 2020
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 29 February 2020
431,457
Charge for the year
43,145
At 29 February 2020
154,779
At 29 February 2020
276,678
At 28 February 2019
274,311
Trade debtors
25,206
11,799
8
Creditors: amounts falling due within one year
2020
2019
Trade creditors
22,121
11,120
Taxes and social security
24,429
24,914
Loans from directors
34,544
40,034
9
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
181,455
267,811
10
Average number of employees
During the year the average number of employees was 22 (2019: 22).