Premier Orthodontics Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07781283 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Premier Orthodontics Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Dr Y Nafa

SECRETARY:

Mrs L M Nafa

REGISTERED OFFICE:

47 College Road

Bromley

BR1 3PU

REGISTERED NUMBER:

07781283 (England and Wales)

FIXED ASSETS

Intangible assets

2

48,000

54,000

Tangible assets

3

235,581

231,854

283,581

285,854

CURRENT ASSETS

Debtors

-

4,617

Cash at bank and in hand

15,413

36,482

15,413

41,099

CREDITORS

Amounts falling due within one year

90,844

114,305

NET CURRENT LIABILITIES

(75,431

)

(73,206

)

TOTAL ASSETS LESS CURRENT LIABILITIES

208,150

212,648

CREDITORS

Amounts falling due after more than one year

4

206,909

211,323

NET ASSETS

1,241

1,325

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

1,141

1,225

SHAREHOLDERS' FUNDS

1,241

1,325

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 September 2014 and were signed by:

Dr Y Nafa - 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).

Goodwill

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and charged over the term of the lease

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

60,000

AMORTISATION

At 1 April 2013

6,000

Amortisation for year

6,000

At 31 March 2014

12,000

NET BOOK VALUE

At 31 March 2014

48,000

At 31 March 2013

54,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

257,401

Additions

26,713

At 31 March 2014

284,114

DEPRECIATION

At 1 April 2013

25,547

Charge for year

22,986

At 31 March 2014

48,533

NET BOOK VALUE

At 31 March 2014

235,581

At 31 March 2013

231,854

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.14

31.3.13

£

£

Repayable by instalments

199,014

199,014

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

50

Ordinary A

1

50

50

50

Ordinary B

1

50

50

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES