Abbreviated Company Accounts - PREMIER ORTHODONTICS LIMITED

Abbreviated Company Accounts - PREMIER ORTHODONTICS LIMITED

PREMIER ORTHODONTICS LIMITED - Company Information

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Registered Number 07781283

PREMIER ORTHODONTICS LIMITED

Abbreviated Accounts

31 March 2015

PREMIER ORTHODONTICS LIMITED Registered Number 07781283

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 42,000 48,000
Tangible assets 3 212,757 235,581
Investments - -
254,757 283,581
Current assets
Stocks - -
Debtors 2,390 -
Investments - -
Cash at bank and in hand 20,505 15,413
22,895 15,413
Prepayments and accrued income - -
Creditors: amounts falling due within one year (72,000) (90,844)
Net current assets (liabilities) (49,105) (75,431)
Total assets less current liabilities 205,652 208,150
Creditors: amounts falling due after more than one year (204,856) (206,909)
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 796 1,241
Capital and reserves
Called up share capital 100 100
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 696 1,141
Shareholders' funds 796 1,241
  • For the year ending 31 March 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 directors acknowledge their 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 Board on 1 December 2015

And signed on their behalf by:
Dr Y Nafa, Director

PREMIER ORTHODONTICS LIMITED Registered Number 07781283

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Intangible assets amortisation policy
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 ten years.

2Intangible fixed assets
£
Cost
At 1 April 2014 60,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2015 60,000
Amortisation
At 1 April 2014 12,000
Charge for the year 6,000
On disposals -
At 31 March 2015 18,000
Net book values
At 31 March 2015 42,000
At 31 March 2014 48,000

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 ten years.

3Tangible fixed assets
£
Cost
At 1 April 2014 284,114
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2015 284,114
Depreciation
At 1 April 2014 48,533
Charge for the year 22,824
On disposals -
At 31 March 2015 71,357
Net book values
At 31 March 2015 212,757
At 31 March 2014 235,581

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful live or, if held under a finance lease, over the lease term, whichever is the shorter

Plant and machinery 25% reducing balance
Motor vehicles 25% straight line