Dr Vinit Shah Ltd - Abbreviated accounts 16.1

Dr Vinit Shah Ltd - Abbreviated accounts 16.1

DR VINIT SHAH LTD - Company Information

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REGISTERED NUMBER: 04923822 (England and Wales)










DR VINIT SHAH LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015





Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB








DR VINIT SHAH LTD (REGISTERED NUMBER: 04923822)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

DR VINIT SHAH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2015







DIRECTOR: Dr V N Shah





SECRETARY: Ms SR Gandhi





REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 04923822 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB
1
DR VINIT SHAH LTD (REGISTERED NUMBER: 04923822)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2015

31.10.15 31.10.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1 1
Tangible assets 3 1,458 1,638
1,459 1,639

CURRENT ASSETS
Investments 151,200 144,700
Cash at bank 136,074 87,259
287,274 231,959
CREDITORS
Amounts falling due within one year 97,899 76,378
NET CURRENT ASSETS 189,375 155,581
TOTAL ASSETS LESS CURRENT
LIABILITIES
190,834
157,220

PROVISIONS FOR LIABILITIES 280 313
NET ASSETS 190,554 156,907

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 190,552 156,905
SHAREHOLDERS' FUNDS 190,554 156,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 notes form part of these abbreviated accounts

2
DR VINIT SHAH LTD (REGISTERED NUMBER: 04923822)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2015


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 29 April 2016 and were signed by:





Dr V N Shah - Director


The notes form part of these abbreviated accounts

3
DR VINIT SHAH LTD (REGISTERED NUMBER: 04923822)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015

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 services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014
and 31 October 2015 5,500
AMORTISATION
At 1 November 2014
and 31 October 2015 5,499
NET BOOK VALUE

At 31 October 2015 1
At 31 October 2014 1

4
DR VINIT SHAH LTD (REGISTERED NUMBER: 04923822)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014 3,821
Additions 419
At 31 October 2015 4,240
DEPRECIATION
At 1 November 2014 2,183
Charge for year 599
At 31 October 2015 2,782
NET BOOK VALUE
At 31 October 2015 1,458
At 31 October 2014 1,638

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.15 31.10.14
value: £    £   
2 Ordinary £1 2 2

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within the creditors is the amount owed to the directors £63,452 (2014 - £60,419). The loan is interest
free and repayable on demand.

5