Company Registration No. 09122397 (England and Wales)
C & C HEALTHCARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018
C & C HEALTHCARE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
C & C HEALTHCARE LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2018
31 August 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,265
7,405
Current assets
Debtors
4
26,757
5,193
Cash at bank and in hand
153,320
79,899
180,077
85,092
Creditors: amounts falling due within one year
5
(238,038)
(198,627)
Net current liabilities
(57,961)
(113,535)
Total assets less current liabilities
(51,696)
(106,130)
Provisions for liabilities
(1,190)
(1,481)
Net liabilities
(52,886)
(107,611)
Capital and reserves
Called up share capital
6
4
4
Profit and loss reserves
(52,890)
(107,615)
Total equity
(52,886)
(107,611)
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 2018 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.
The financial statements were approved by the board of directors and authorised for issue on 16 May 2019 and are signed on its behalf by:
M Cooke
Director
Company Registration No. 09122397
C & C HEALTHCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018
- 2 -
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
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
Cash at bank and in hand
Cash at bank and in hand
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.
1.6
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.
C & C HEALTHCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2018
1
Accounting policies
(Continued)
- 3 -
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.
1.7
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.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
1.9
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 7 (2017 - 7).
C & C HEALTHCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2018
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 September 2017
12,953
Additions
426
At 31 August 2018
13,379
Depreciation and impairment
At 1 September 2017
5,548
Depreciation charged in the year
1,566
At 31 August 2018
7,114
Carrying amount
At 31 August 2018
6,265
At 31 August 2017
7,405
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
26,632
5,135
Other debtors
-
8
Prepayments and accrued income
125
50
26,757
5,193
5
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
3,210
-
Taxation and social security
51,755
15,497
Other creditors
183,073
183,130
238,038
198,627
6
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
4 Ordinary shares of £1 each
4
4