The Tooth Fairy Dental Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05963472 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

The Tooth Fairy Dental Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

M Whelan

J M Whelan

SECRETARY:

J M Whelan

REGISTERED OFFICE:

Third Floor, Scottish Mutual House

27-29 North Street

Hornchurch

Essex

RM11 1RS

REGISTERED NUMBER:

05963472 (England and Wales)

ACCOUNTANTS:

Havard & Associates

Third Floor, Scottish Mutual House

27-29 North Street

Hornchurch

Essex

RM11 1RS

FIXED ASSETS

Intangible assets

2

147,456

172,032

Tangible assets

3

141,104

174,418

288,560

346,450

CURRENT ASSETS

Debtors

4

426,460

459,945

Prepayments and accrued income

2,494

-

Cash at bank

3,400

-

432,354

459,945

CREDITORS

Amounts falling due within one year

275,948

270,548

NET CURRENT ASSETS

156,406

189,397

TOTAL ASSETS LESS CURRENT LIABILITIES

444,966

535,847

CREDITORS

Amounts falling due after more than one year

428,234

475,598

NET ASSETS

16,732

60,249

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

16,730

60,247

SHAREHOLDERS' FUNDS

16,732

60,249

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 26 August 2015 and were signed on its behalf by:

M Whelan - Director

J M Whelan - 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 sales of goods, excluding value added tax.

Goodwill

Goodwill of £245,760 was purchased from an unrelated third party in November 2008. Goodwill is amortised at

10% per annum straight line method.

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

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

245,760

AMORTISATION

At 1 November 2013

73,728

Amortisation for year

24,576

At 31 October 2014

98,304

NET BOOK VALUE

At 31 October 2014

147,456

At 31 October 2013

172,032

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

411,809

Additions

13,721

At 31 October 2014

425,530

DEPRECIATION

At 1 November 2013

237,391

Charge for year

47,035

At 31 October 2014

284,426

NET BOOK VALUE

At 31 October 2014

141,104

At 31 October 2013

174,418

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 271,622 (31.10.13 - £ 271,622 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

2

Ordinary shares

£1

2

2

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans to directors

The loans outstanding at the start of the year totalled £155,844 and were repaid in full during this year. However

further loans of £120,613 were lent to the directors during the financial year.. The balance of £120,613 remained

outstanding at the year end.

The loans were unsecured and interest was charged at 4% per annum pro rata.