LIC Dental Clinic Limited - Accounts


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Registered Number: 08722410
England and Wales

 

 

 

LIC DENTAL CLINIC LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2019

End date: 31 March 2020
Directors Mr Katsumasa Niimura
Dr Gabriela Gomez Romero
Registered Number 08722410
Registered Office Unit 13
2 Artichoke Hill
London
E1W 2DE
Trading Address 234 Hendon Way
Hendon Central
London
NW4 3NE
Accountants P and Co (Partners) LLP
Unit 13
2 Artichoke Hill
London
E1W 2DE
Bankers Barclays Bank PLC
Hampstead
Leicestershire
LE87 2BB

1
 
 
Notes
 
2020
£
  2019
£
Fixed assets      
Tangible fixed assets 2 3,451    4,601 
3,451    4,601 
Current assets      
Stocks 3 6,737    6,123 
Debtors: amounts falling due within one year 4 20,295    17,641 
Cash at bank and in hand 45,280    31,293 
72,312    55,057 
Creditors: amount falling due within one year 5 (79,984)   (103,412)
Net current assets (7,672)   (48,355)
 
Total assets less current liabilities (4,221)   (43,754)
Net assets (4,221)   (43,754)
 

Capital and reserves
     
Called up share capital 6 2,000    2,000 
Profit and loss account (6,221)   (45,754)
Shareholders funds (4,221)   (43,754)
 


For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 December 2020 and were signed on its behalf by:


--------------------------------
Mr Katsumasa Niimura
Director
2
General Information
LIC Dental Clinic Limited is a private company, limited by shares, registered in England and Wales, registration number 08722410, registration address Unit 13, 2 Artichoke Hill, London, E1W 2DE

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures, Fittings and Equipment 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or valuation Fixtures, Fittings and Equipment   Total
  £   £
At 01 April 2019 18,037    18,037 
Additions  
Disposals  
At 31 March 2020 18,037    18,037 
Depreciation
At 01 April 2019 13,436    13,436 
Charge for year 1,150    1,150 
On disposals  
At 31 March 2020 14,586    14,586 
Net book values
Closing balance as at 31 March 2020 3,451    3,451 
Opening balance as at 01 April 2019 4,601    4,601 


3.

Stocks

2020
£
  2019
£
Stocks 6,737    6,123 
6,737    6,123 

4.

Debtors: amounts falling due within one year

2020
£
  2019
£
Trade Debtors 20,086    16,590 
Prepayments & Accrued Income 209    1,051 
20,295    17,641 

5.

Creditors: amount falling due within one year

2020
£
  2019
£
Trade Creditors 15,868    16,685 
PAYE & Social Security 4,523    1,664 
Accrued Expenses 8,006    7,508 
Other Creditors 41,134    67,285 
Director: Dr Gabriela Gomez Romero 10,453    10,270 
79,984    103,412 

6.

Share Capital

Authorised
1,000 Class A shares of £1.00 each
1,000 Class B shares of £1.00 each
Allotted, called up and fully paid
2020
£
  2019
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000 Class B shares of £1.00 each 1,000    1,000 
2,000    2,000 

7.

Average number of employees

The average monthly number of employees, including directors, during the year/period was 6 (2019 : 6)
8.

Financial Commitments

At 31 March 2020 the company had annual commitments under non-cancellable operating leases as follows:

                                                                                                                      Land and Building
                                                                                                                       2020                2019

Expiry Date:   £
£
  £
£
Within one year 43,200 
43,200 
9.

Controlling Party

Dr Tetsujiro Ihara holds 100% of Ordinary A Shares and Mrs Haruyo Niimura holds 100% of Ordinary B Shares of the company's issued share capital.

3