Registered Number 06179806

GUNGAH CARE LIMITED

Abbreviated Accounts

31 March 2015

GUNGAH CARE LIMITED Registered Number 06179806

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 22,000 33,000
Tangible assets 3 329,414 332,647
351,414 365,647
Current assets
Debtors 6,207 1,143
Cash at bank and in hand 76,201 60,935
82,408 62,078
Creditors: amounts falling due within one year (95,168) (70,579)
Net current assets (liabilities) (12,760) (8,501)
Total assets less current liabilities 338,654 357,146
Creditors: amounts falling due after more than one year (239,845) (252,469)
Provisions for liabilities (827) (1,004)
Total net assets (liabilities) 97,982 103,673
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 97,882 103,573
Shareholders' funds 97,982 103,673
  • For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 4 August 2015

And signed on their behalf by:
Mr S Gungah, Director

GUNGAH CARE LIMITED Registered Number 06179806

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15% reducing balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 10 years straight line

Other accounting policies
Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2 Intangible fixed assets
£
Cost
At 1 April 2014 110,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 110,000
Amortisation
At 1 April 2014 77,000
Charge for the year 11,000
On disposals -
At 31 March 2015 88,000
Net book values
At 31 March 2015 22,000
At 31 March 2014 33,000
3 Tangible fixed assets
£
Cost
At 1 April 2014 356,891
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 356,891
Depreciation
At 1 April 2014 24,244
Charge for the year 3,233
On disposals -
At 31 March 2015 27,477
Net book values
At 31 March 2015 329,414
At 31 March 2014 332,647
4 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100

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