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HARLEY STREET DENTAL CLINIC LIMITED
REGISTERED NUMBER: 05967460
ABBREVIATED BALANCE SHEET
AS AT 31 OCTOBER 2014
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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PROVISIONS FOR LIABILITIES
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The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 October 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
Page 1
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HARLEY STREET DENTAL CLINIC LIMITED
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 OCTOBER 2014
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 3 August 2015.
The notes on pages 3 to 5 form part of these financial statements.
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HARLEY STREET DENTAL CLINIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Intangible fixed assets and amortisation
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Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following annual bases:
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Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
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Page 3
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HARLEY STREET DENTAL CLINIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
2.INTANGIBLE FIXED ASSETS
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At 1 November 2013 and 31 October 2014
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3.TANGIBLE FIXED ASSETS
4.CREDITORS
Net obligations under hire purchase contracts of £249,284 (2013 - £79,950) are secured against the assets to which they relate.
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HARLEY STREET DENTAL CLINIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
5.SHARE CAPITAL
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Allotted, called up and fully paid
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1,000 (2013 - 2) Ordinary shares of £1 each
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During the year there was a further 998 £1 ordinary shares issued at par value.
6.DIRECTOR'S BENEFITS: ADVANCES, CREDIT AND GUARANTEES
During the period, advances to directors existed as follows:
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Balance brought forward owed to the company
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Total advances in the period
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Total repayments in the period
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Interest charged in the period
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Balance carried forward owed to the company
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interest is charged at HM Revenue & Customs standard rate.
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