Norfolk House Dental Care Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07853357 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2014

for

Norfolk House Dental Care Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Miss J M Hayes

Dr P J Andrews

Dr S R Butler

SECRETARY:

REGISTERED OFFICE:

Norfolk House

91 London Road

Gloucester

Gloucestershire

GL1 3HH

REGISTERED NUMBER:

07853357 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Intangible assets

2

563,500

644,000

Tangible assets

3

82,279

106,769

645,779

750,769

CURRENT ASSETS

Stocks

21,770

19,434

Debtors

5,183

5,184

Cash at bank and in hand

52,579

36,712

79,532

61,330

CREDITORS

Amounts falling due within one year

430,485

585,167

NET CURRENT LIABILITIES

(350,953

)

(523,837

)

TOTAL ASSETS LESS CURRENT LIABILITIES

294,826

226,932

PROVISIONS FOR LIABILITIES

5,420

7,894

NET ASSETS

289,406

219,038

CAPITAL AND RESERVES

Called up share capital

4

750

750

Profit and loss account

288,656

218,288

SHAREHOLDERS' FUNDS

289,406

219,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 February 2015 and were signed on its behalf by:

Dr S R Butler - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced services and goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost

Stocks

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

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

805,000

AMORTISATION

At 1 January 2014

161,000

Amortisation for year

80,500

At 31 December 2014

241,500

NET BOOK VALUE

At 31 December 2014

563,500

At 31 December 2013

644,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

159,965

Additions

8,721

At 31 December 2014

168,686

DEPRECIATION

At 1 January 2014

53,196

Charge for year

33,211

At 31 December 2014

86,407

NET BOOK VALUE

At 31 December 2014

82,279

At 31 December 2013

106,769

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

250

Ordinary A

£1

250

250

250

Ordinary B

£1

250

250

250

Ordinary C

£1

250

250

750

750