Parkstone Dental Practice Limited - Accounts to registrar (filleted) - small 18.2
Parkstone Dental Practice Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Parkstone Dental Practice Limited |
| Unaudited Financial Statements for the Year Ended 31 July 2018 |
| Parkstone Dental Practice Limited (Registered number: 07604239) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2018 |
| Page |
| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 3 |
| Parkstone Dental Practice Limited (Registered number: 07604239) |
| Statement of Financial Position |
| 31 July 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Shareholders' funds |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company. |
| Parkstone Dental Practice Limited (Registered number: 07604239) |
| Statement of Financial Position - continued |
| 31 July 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Parkstone Dental Practice Limited (Registered number: 07604239) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2018 |
| 1. | Statutory information |
| Parkstone Dental Practice Limited is a |
| company's registered number and registered office address are as below: |
| Registered number: | 07604239 |
| Registered office: | 10 Bridge Street |
| Christchurch |
| Dorset |
| BH23 1EF |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| The turnover shown in the financial statements represents the amounts receivable for the year, in connection |
| with the company's trade of a dental surgery. |
| Goodwill |
| Goodwill is being amortised at a rate of 10 years straight line from 2017, rather than the 20 years it had been |
| previously. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Dental equipment | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stock |
| Stock is measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the statement of financial position date. |
| Parkstone Dental Practice Limited (Registered number: 07604239) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 August 2017 |
| and 31 July 2018 |
| Amortisation |
| At 1 August 2017 |
| Charge for year |
| At 31 July 2018 |
| Net book value |
| At 31 July 2018 |
| At 31 July 2017 |
| Parkstone Dental Practice Limited (Registered number: 07604239) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 5. | Tangible fixed assets |
| Fixtures |
| Dental | and | Computer |
| equipment | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 August 2017 |
| Additions |
| At 31 July 2018 |
| Depreciation |
| At 1 August 2017 |
| Charge for year |
| At 31 July 2018 |
| Net book value |
| At 31 July 2018 |
| At 31 July 2017 |
| 6. | Debtors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Directors' advances, credits and guarantees |
| During the year the directors' loan account became overdrawn to a maximum of £8,737 (2017 - £41,180). During |
| both years the loan account was returned to credit by the year end date. |