Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueCommunity pharmacyfalse2017-01-01Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: the Company has transferred the significant risks and rewards of ownership to the buyer; the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of turnover can be measured reliably; it is probable that the Company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of turnover can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably. 06025369 2017-01-01 2017-12-31 06025369 2017-12-31 06025369 2016-12-31 06025369 c:Director2 2017-01-01 2017-12-31 06025369 c:Director3 2017-01-01 2017-12-31 06025369 d:FurnitureFittings 2017-01-01 2017-12-31 06025369 d:FurnitureFittings 2017-12-31 06025369 d:FurnitureFittings 2016-12-31 06025369 d:FurnitureFittings d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 06025369 d:CurrentFinancialInstruments 2017-12-31 06025369 d:CurrentFinancialInstruments 2016-12-31 06025369 d:Non-currentFinancialInstruments 2017-12-31 06025369 d:Non-currentFinancialInstruments 2016-12-31 06025369 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 06025369 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 06025369 d:Non-currentFinancialInstruments d:AfterOneYear 2017-12-31 06025369 d:Non-currentFinancialInstruments d:AfterOneYear 2016-12-31 06025369 d:ShareCapital 2017-12-31 06025369 d:ShareCapital 2016-12-31 06025369 d:RetainedEarningsAccumulatedLosses 2017-12-31 06025369 d:RetainedEarningsAccumulatedLosses 2016-12-31 06025369 d:AcceleratedTaxDepreciationDeferredTax 2017-12-31 06025369 d:AcceleratedTaxDepreciationDeferredTax 2016-12-31 06025369 c:FRS102 2017-01-01 2017-12-31 06025369 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 06025369 c:FullAccounts 2017-01-01 2017-12-31 06025369 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 iso4217:GBP

Registered number: 06025369










CARING NATIONWIDE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2017

 
CARING NATIONWIDE LIMITED
REGISTERED NUMBER: 06025369

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2017

2017
2016
Note
£
£

Fixed assets
  

Tangible assets
 3 
8,181
9,026

  
8,181
9,026

Current assets
  

Stocks
  
75,489
105,158

Debtors: amounts falling due within one year
 4 
210,123
220,275

Cash at bank and in hand
 5 
63,689
98,879

  
349,301
424,312

Creditors: amounts falling due within one year
 6 
(569,247)
(569,164)

Net current liabilities
  
 
 
(219,946)
 
 
(144,852)

Total assets less current liabilities
  
(211,765)
(135,826)

Creditors: amounts falling due after more than one year
 7 
(177,794)
(319,895)

Provisions for liabilities
  

Deferred tax
 8 
(890)
(952)

  
 
 
(890)
 
 
(952)

Net liabilities
  
(390,449)
(456,673)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(390,549)
(456,773)

  
(390,449)
(456,673)


Page 1

 
CARING NATIONWIDE LIMITED
REGISTERED NUMBER: 06025369
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2017

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






___________________________
Mr Zaheer Mohammed
___________________________
Mr Gagan Kumar Jairath
Director
Director


Date: 12 November 2018


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CARING NATIONWIDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1.


General information

Caring Nationwide Limited is a private company, limited by share capital, incorporated in England and Wales under registration number 06025369. The address of the registered office of the company is situated at 16 - 20 St Augustines Gate, Hedon, Hull, East Ridings of Yorkshire, HU12 8EX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the assumption that the company will have the continued financial support of the shareholders. The shareholders of the company have sufficient resources to finance the company as and when the need arises.
The financial statements have been prepared on a going concern basis which is dependent on the financial support of the shareholders to ensure that the company will continue in operational existence or the foreseeable future.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured
Page 3

 
CARING NATIONWIDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

2.Accounting policies (continued)


2.3
Revenue (continued)

reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
CARING NATIONWIDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
CARING NATIONWIDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2017
14,120


Additions
1,200



At 31 December 2017

15,320



Depreciation


At 1 January 2017
5,094


Charge for the year on owned assets
2,045



At 31 December 2017

7,139



Net book value



At 31 December 2017
8,181



At 31 December 2016
9,026

Page 6

 
CARING NATIONWIDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

4.


Debtors

2017
2016
£
£


Trade debtors
180,866
189,365

VAT repayable
24,540
26,876

Prepayments and accrued income
4,717
4,034

210,123
220,275



5.


Cash and cash equivalents

2017
2016
£
£

Cash at bank and in hand
63,689
98,879

Less: bank overdrafts
(13,713)
-

49,976
98,879



6.


Creditors: Amounts falling due within one year

2017
2016
£
£

Bank overdrafts
13,713
-

Trade creditors
429,631
423,159

Corporation tax
29,179
55,633

Other taxation and social security
2,911
5,022

Other creditors
93,813
84,373

Accruals and deferred income
-
977

569,247
569,164



7.


Creditors: Amounts falling due after more than one year

2017
2016
£
£

Shareholders' loan account
177,794
319,895

177,794
319,895


Page 7

 
CARING NATIONWIDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

8.


Deferred taxation




2017


£






At beginning of year
(952)


Charged to profit or loss
62



At end of year
(890)

The provision for deferred taxation is made up as follows:

2017
2016
£
£


Accelerated capital allowances
(890)
(952)

(890)
(952)


9.


Pension commitments

The company operates a defined contributions pensions scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,357 (2016 - £689).


10.


Controlling party

There is no overall controlling party.

 
Page 8