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

REGISTERED NUMBER: 08220533 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

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

17,007

15,357

17,007

15,357

CURRENT ASSETS

Stocks

34,975

34,500

Debtors

6

69,613

43,428

Cash at bank and in hand

10,947

33,466

115,535

111,394

CREDITORS

Amounts falling due within one year

7

(97,403

)

(119,969

)

NET CURRENT ASSETS/(LIABILITIES)

18,132

(8,575

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,139

6,782

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

25,139

(3,218

)

SHAREHOLDERS' FUNDS

35,139

6,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 6 October 2020 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 6 (2019 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

108,000

AMORTISATION

At 1 April 2019

and 31 March 2020

108,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

18,352

Additions

3,540

At 31 March 2020

21,892

DEPRECIATION

At 1 April 2019

2,995

Charge for year

1,890

At 31 March 2020

4,885

NET BOOK VALUE

At 31 March 2020

17,007

At 31 March 2019

15,357

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

5,690

Other debtors

69,613

37,738

69,613

43,428

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

10,535

28,528

Taxation and social security

11,663

2,624

Other creditors

75,205

88,817

97,403

119,969

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.