Company Registration No. 09122397 (England and Wales)
C & C HEALTHCARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019
C & C HEALTHCARE LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2019
31 August 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,714
6,265
Investments
4
80
-
6,794
6,265
Current assets
Debtors
5
88,745
26,757
Cash at bank and in hand
172,554
153,320
261,299
180,077
Creditors: amounts falling due within one year
6
(206,423)
(238,038)
Net current assets/(liabilities)
54,876
(57,961)
Total assets less current liabilities
61,670
(51,696)
Creditors: amounts falling due after more than one year
7
(57,663)
-
Provisions for liabilities
(1,276)
(1,190)
Net assets/(liabilities)
2,731
(52,886)
Capital and reserves
Called up share capital
8
4
4
Profit and loss reserves
2,727
(52,890)
Total equity
2,731
(52,886)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
C & C HEALTHCARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2019
31 August 2019
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 29 May 2020 and are signed on its behalf by:
M Cooke
A Green
Director
Director
P Lewis
C Dunnigan
Director
Director
Company Registration No. 09122397
C & C HEALTHCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019
- 3 -
1
Accounting policies
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company has received representations from the director
true
s
stating
their
ongoing support for the
company
.
On this basis, the
se
financial statements
have
been prepared on a going concern basis.
1.3
Turnover
Turnover
comprises revenue recognised by the company in respect of
services
supplied during the year
.
Commission income forms the revenue of the company and is recognised at the earlier of the effective date of a premium or once the remittance has been received in full from clients.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities
.
C & C HEALTHCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2019
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.9
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.11
Company information
C & C Healthcare Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Bridge House, 80 Compstall Road, Romiley, Stockport, SK6 4DE.
C & C HEALTHCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2019
- 5 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 7 (2018 - 7).
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 September 2018
13,379
Additions
2,129
At 31 August 2019
15,508
Depreciation and impairment
At 1 September 2018
7,115
Depreciation charged in the year
1,679
At 31 August 2019
8,794
Carrying amount
At 31 August 2019
6,714
At 31 August 2018
6,265
4
Fixed asset investments
2019
2018
£
£
Investments
80
-
C & C HEALTHCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2019
4
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 September 2018
-
Additions
80
At 31 August 2019
80
Carrying amount
At 31 August 2019
80
At 31 August 2018
-
5
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
32,536
26,632
Amounts owed by group undertakings
39,990
-
Other debtors
16,000
-
Prepayments and accrued income
219
125
88,745
26,757
6
Creditors: amounts falling due within one year
2019
2018
£
£
Bank loans and overdrafts
14,403
-
Trade creditors
2,709
3,210
Taxation and social security
77,790
51,755
Other creditors
111,521
183,073
206,423
238,038
7
Creditors: amounts falling due after more than one year
2019
2018
£
£
Bank loans and overdrafts
57,663
-
C & C HEALTHCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2019
- 7 -
8
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
4 Ordinary shares of £1 each
4
4