Registered number
09604153
Wirral Care Ltd
Filleted Accounts
30 September 2018
Wirral Care Ltd
Registered number: 09604153
Balance Sheet
as at 30 September 2018
Notes 2018 2017
£ £
Fixed assets
Intangible assets 2 28,000 30,000
Tangible assets 3 1,000 1,300
29,000 31,300
Current assets
Debtors 4 6,659 5,060
Cash at bank and in hand 64,033 12,644
70,692 17,704
Creditors: amounts falling due within one year 5 (45,975) (47,966)
Net current assets/(liabilities) 24,717 (30,262)
Net assets 53,717 1,038
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 52,717 38
Shareholders' funds 53,717 1,038
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Byrne
Director
Approved by the board on 6 November 2018
Wirral Care Ltd
Notes to the Accounts
for the year ended 30 September 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2017 33,600
At 30 September 2018 33,600
Amortisation
At 1 October 2017 3,600
Provided during the year 2,000
At 30 September 2018 5,600
Net book value
At 30 September 2018 28,000
At 30 September 2017 30,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.
3 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 October 2017 2,024
At 30 September 2018 2,024
Depreciation
At 1 October 2017 724
Charge for the year 300
At 30 September 2018 1,024
Net book value
At 30 September 2018 1,000
At 30 September 2017 1,300
4 Debtors 2018 2017
£ £
Trade debtors 4,721 3,122
Other debtors 1,938 1,938
6,659 5,060
5 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 1,508 -
Taxation and social security costs 25,931 8,134
Other creditors 18,536 39,832
45,975 47,966
6 Other information
Wirral Care Ltd is a private company limited by shares and incorporated in England. Its registered office is:
321 Pensby Road
Wirral
CH61 9ND
Wirral Care Ltd 09604153 false 2017-10-01 2018-09-30 2018-09-30 VT Final Accounts March 2018 Mr M Byrne No description of principal activity 09604153 core:WithinOneYear 2017-09-30 09604153 core:ShareCapital 2017-09-30 09604153 core:RetainedEarningsAccumulatedLosses 2017-09-30 09604153 2017-10-01 2018-09-30 09604153 bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30 09604153 bus:AuditExempt-NoAccountantsReport 2017-10-01 2018-09-30 09604153 bus:Director40 2017-10-01 2018-09-30 09604153 1 2017-10-01 2018-09-30 09604153 2 2017-10-01 2018-09-30 09604153 core:Goodwill 2017-10-01 2018-09-30 09604153 core:PlantMachinery 2017-10-01 2018-09-30 09604153 countries:England 2017-10-01 2018-09-30 09604153 bus:FRS102 2017-10-01 2018-09-30 09604153 bus:FullAccounts 2017-10-01 2018-09-30 09604153 2018-09-30 09604153 core:WithinOneYear 2018-09-30 09604153 core:ShareCapital 2018-09-30 09604153 core:RetainedEarningsAccumulatedLosses 2018-09-30 09604153 core:Goodwill 2018-09-30 09604153 core:PlantMachinery 2018-09-30 09604153 2017-09-30 09604153 core:Goodwill 2017-09-30 09604153 core:PlantMachinery 2017-09-30 iso4217:GBP