SHDC LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08220533 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

SHDC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr A S Khambay

Dr G K Khambay

Dr H Khambay

REGISTERED OFFICE:

Sterling House

89-91 South Road

Southall

Middlesex

UB1 1SQ

REGISTERED NUMBER:

08220533 (England and Wales)

ACCOUNTANTS:

Waterfords Europe Limited t/a Jon Avol Waterfords

204 Field End Road

Eastcote

Pinner

Middlesex

HA5 1RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

15,357

9,587

15,357

9,587

CURRENT ASSETS

Stocks

34,500

34,500

Debtors

6

43,428

50,313

Cash at bank and in hand

33,466

7,071

111,394

91,884

CREDITORS

Amounts falling due within one year

7

(119,969

)

(130,171

)

NET CURRENT LIABILITIES

(8,575

)

(38,287

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,782

(28,700

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,300

Retained earnings

(3,218

)

(39,000

)

SHAREHOLDERS' FUNDS

6,782

(28,700

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 August 2019 and were signed on its behalf by:

Dr A S Khambay - Director

1.	STATUTORY INFORMATION

SHDC LIMITED is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 8 (2018 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

108,000

AMORTISATION

At 1 April 2018

and 31 March 2019

108,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

10,876

Additions

7,476

At 31 March 2019

18,352

DEPRECIATION

At 1 April 2018

1,289

Charge for year

1,706

At 31 March 2019

2,995

NET BOOK VALUE

At 31 March 2019

15,357

At 31 March 2018

9,587

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

5,690

24,475

Other debtors

37,738

25,838

43,428

50,313

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

-

1,640

Trade creditors

28,528

33,446

Taxation and social security

2,624

(1,244

)

Other creditors

88,817

96,329

119,969

130,171

8.	CONTINGENT LIABILITIES

An unlimited cross-guarantee exists between the company, its parent company Sterling Dental College Limited

and other fellow subsidiaries in respect of the bank loans from Lloyds Bank plc advanced to White House Dental

Practice Limited.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

Sterling Dental College Limited (incorporated in England and Wales) is regarded by the directors as being the

company's ultimate parent company.