Hampshire Dentists Ltd - Period Ending 2015-01-31

Registration number: 07128157

Hampshire Dentists Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

Power Accountax Limited
Chartered Accountants
8c High Street
Southampton
Hampshire
SO14 2DH

Hampshire Dentists Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Hampshire Dentists Ltd
(Registration number: 07128157)
Abbreviated Balance Sheet at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					122,466			144,733
Tangible fixed assets					65,235			71,882
					187,701			216,615
Current assets
Stocks					70,000			19,500
Debtors					80,417			81,119
Cash at bank and in hand					126,446			80,490
					276,863			181,109
Creditors: Amounts falling due within one year					(122,092)			(68,866)
Net current assets					154,771			112,243
Total assets less current liabilities					342,472			328,858
Creditors: Amounts falling due after more than one year					(130,900)			(154,700)
Net assets					211,572			174,158
Capital and reserves
Called up share capital		4			10			10
Profit and loss account					211,562			174,148
Shareholders' funds					211,572			174,158

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 5 October 2015

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Hampshire Dentists Ltd
(Registration number: 07128157)
Abbreviated Balance Sheet at 31 January 2015
......... continued

.........................................
Dr Robin Hanna
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Hampshire Dentists Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

1	Accounting policies

Basis of preparation

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).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	20% Straight line
Motor vehicles	20% Straight line
Office Equipment	20% Straight line
Plant and machinery	20% Straight line
Leasehold Properties	14.63% Straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

A debenture dated 9 July 2010, is held by National Westminster Bank plc, for securing all monies due or to become due from the company, by way of a fixed and also a floating charge over the property and rights owned by the company now and in the future. A legal charge dated 9 August 2010, is also held by National Westminster Bank plc, for securing all monies due or to become due from the company to National Westminster Bank plc on any account whatsoever. Personal guarantees have been given by Dr R Hanna (Director), to National Westminster Bank plc for £69,500 and a legal charge is hald over a life policy.

Page 3

Hampshire Dentists Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 February 2014		222,666			115,185			337,851
Additions		-			16,459			16,459
At 31 January 2015		222,666			131,644			354,310
Depreciation
At 1 February 2014		77,933			43,303			121,236
Charge for the year		22,267			23,106			45,373
At 31 January 2015		100,200			66,409			166,609
Net book value
At 31 January 2015		122,466			65,235			187,701
At 31 January 2014		144,733			71,882			216,615

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years by instalments		130,900			154,700

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		10			10			10			10

Page 4

Hampshire Dentists Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

5	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Dr Robin Hanna
	43,339	-	95,765	-

6

Control

The company is controlled by Dr Robin Hanna by virtue of their interest in the issued share capital as disclosed in the directors report.

Page 5