Company Registration No. 05612212 (England and Wales)
DAILY CARE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
DAILY CARE LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
DAILY CARE LTD
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2014
30 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
72,800
72,800
Tangible assets
2
7,441
5,367
80,241
78,167
Current assets
Stocks
8,000
8,000
Debtors
9,912
17,628
Cash at bank and in hand
1,314
64
19,226
25,692
Creditors: amounts falling due within one year
(165,462)
(144,240)
Net current liabilities
(146,236)
(118,548)
Total assets less current liabilities
(65,995)
(40,381)
Creditors: amounts falling due after more than one year
(11,188)
(11,188)
Provisions for liabilities
(1,644)
(1,644)
(78,827)
(53,213)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(78,927)
(53,313)
Shareholders' funds
(78,827)
(53,213)
DAILY CARE LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2014
30 November 2014
- 2 -
For the financial year ended 30 November 2014 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 20 August 2015
Mr D Appleby
Director
Company Registration No. 05612212
DAILY CARE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 3 -
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 April 2008).
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 reviewed on an annual basis by the directors and any diminution in value is recognised via a charge to the profit & loss account.
1.5
Patents
Patents are valued at cost less accumulated amortisation. The value is reviewed on an annual basis by the directors and any diminution in value is recognised via a charge to the profit & loss account.
1.6
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:
Computer equipment
33% on reducing balance
Fixtures, fittings & equipment
15% on reducing balance
Motor vehicles
25% on reducing balance
DAILY CARE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 December 2013
129,800
27,003
156,803
Additions
-
3,893
3,893
At 30 November 2014
129,800
30,896
160,696
Depreciation
At 1 December 2013
57,000
21,636
78,636
Charge for the year
-
1,819
1,819
At 30 November 2014
57,000
23,455
80,455
Net book value
At 30 November 2014
72,800
7,441
80,241
At 30 November 2013
72,800
5,367
78,167
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
4
Ultimate parent company
The ultimate controlling parties are Mr & Mrs Appleby who own 100% of the issued share capital.