Dice Medical Communications Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04606925 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2019

for

Dice Medical Communications Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

N A Dickinson

Mrs H E Dickinson

M A Dickinson

REGISTERED OFFICE:

Overdene House

49 Church Street

Theale

Reading

Berkshire

RG7 5BX

REGISTERED NUMBER:

04606925 (England and Wales)

ACCOUNTANTS:

Kirkpatrick & Hopes Ltd

Overdene House

49 Church Street

Theale

Reading

Berkshire

RG7 5BX

FIXED ASSETS

Tangible assets

5

22,199

32,796

CURRENT ASSETS

Debtors

6

403,993

291,334

Cash at bank and in hand

98,651

151,125

502,644

442,459

CREDITORS

Amounts falling due within one year

7

319,473

387,255

NET CURRENT ASSETS

183,171

55,204

TOTAL ASSETS LESS CURRENT LIABILITIES

205,370

88,000

CREDITORS

Amounts falling due after more than one year

8

(36,211

)

-

PROVISIONS FOR LIABILITIES

(4,712

)

(4,712

)

NET ASSETS

164,447

83,288

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

8

8

Retained earnings

164,339

83,180

SHAREHOLDERS' FUNDS

164,447

83,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 applicable to companies subject to the small companies regime.

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 31 October 2019 and were signed on its behalf by:

N A Dickinson - Director

1.	STATUTORY INFORMATION

Dice Medical Communications 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and complies with FRS 102

Section 1A small entities.

The presentation currency is sterling (£).

Turnover

Turnover represents net invoices sales of services, excluding value added tax, as adjusted for work in progress.

Income is recognised at the point of invoicing, when the company obtains the right to consideration.

Tangible fixed assets

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

Short leasehold

-

16.67% straight line

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

The short leasehold depreciation policy has changed from 50% to straight line over 6 years as this more

accurately reflects the utilisation of the asset over the extended lease term.

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.

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.

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.

Debtors

Short Term debtors are measured at transaction price less any impairment. Loans receivable are measured

initially at fair value, net of transactions costs, and are measured subsequently at amortised costs using the

effective interest method, less any impairment.

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 costs

using the effective interest method.

Going concern justification

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is

appropriate because there are no material uncertainties related to events or conditions that may cast significant

doubt about the ability of the company to continue as a going concern.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2018 - 15 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2018

23,990

44,195

38,368

106,553

Additions

-

1,550

3,862

5,412

At 30 April 2019

23,990

45,745

42,230

111,965

DEPRECIATION

At 1 May 2018

15,994

22,810

34,953

73,757

Charge for year

3,999

8,069

3,941

16,009

At 30 April 2019

19,993

30,879

38,894

89,766

NET BOOK VALUE

At 30 April 2019

3,997

14,866

3,336

22,199

At 30 April 2018

7,996

21,385

3,415

32,796

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

345,114

202,306

Other debtors

30,107

21,381

Prepayments and accrued income

28,772

67,647

403,993

291,334

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts

9,078

-

Trade creditors

27,742

31,506

Tax

55,061

51,984

Social security and other taxes

19,299

15,865

VAT

59,678

33,571

Other creditors

2,545

3,385

Directors' loan accounts

-

138,541

Accruals and deferred income

146,070

112,403

319,473

387,255

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans - 1-2 years

9,478

-

Bank loans - 2-5 years

26,733

-

36,211

-

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.19

30.4.18

£

£

Within one year

70,672

70,672

Between one and five years

206,126

276,798

276,798

347,470

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the following balances existed on loan accounts with the directors:

N A Dickinson £Nil (2018 - £83,322.35 in credit)

Mrs H E Dickinson £Nil (2018 - £55,218.89 in credit)

The above loans are interest free and with no fixed date for repayment.

The company paid dividends to its directors as follows:

N A Dickinson £66,610 (2018 - £64,110)

Mrs H E Dickinson £66,610 (2018 - £64,110)

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of its directors N A Dickinson & Mrs H E Dickinson, who, as husband and wife,

jointly own 100% of the issued share capital.