Church Street Dental Surgery Ltd - Period Ending 2015-10-31

Registration number: 08744297

Church Street Dental Surgery Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

ClearTax & Accounting Ltd
The Granary
Yews Farm
Linton Road
Hadstock
CB21 4NU

Church Street Dental Surgery Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Church Street Dental Surgery Ltd
for the Year Ended 31 October 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Church Street Dental Surgery Ltd for the year ended 31 October 2015 set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Taxation, we are subject to its ethical and other professional requirements which are detailed at www.tax.org.uk.

This report is made solely to the Board of Directors of Church Street Dental Surgery Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Church Street Dental Surgery Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Church Street Dental Surgery Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Church Street Dental Surgery Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Church Street Dental Surgery Ltd. You consider that Church Street Dental Surgery Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Church Street Dental Surgery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

ClearTax & Accounting Ltd
The Granary
Yews Farm
Linton Road
Hadstock
CB21 4NU

29 July 2016

Page 1

Church Street Dental Surgery Ltd
(Registration number: 08744297)
Abbreviated Balance Sheet at 31 October 2015

		Note			31 October 2015 £			31 October 2014 £
Fixed assets
Intangible fixed assets					207,978			277,304
Tangible fixed assets					96,013			92,023
					303,991			369,327
Current assets
Stocks					3,705			3,705
Cash at bank and in hand					(852)			8,283
					2,853			11,988
Creditors: Amounts falling due within one year					(296,784)			(374,604)
Net current liabilities					(293,931)			(362,616)
Net assets					10,060			6,711
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					9,960			6,611
Shareholders' funds					10,060			6,711

For the year ending 31 October 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 29 July 2016 and signed on its behalf by:

.........................................
Dr Kim P R Griffin
Director

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

Church Street Dental Surgery Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 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

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight Line 20%

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings, tools and equipment	Reducing Balance 10%

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

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Church Street Dental Surgery Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 November 2014		346,630			102,248			448,878
Additions		-			14,658			14,658
At 31 October 2015		346,630			116,906			463,536
Depreciation
At 1 November 2014		69,326			10,225			79,551
Charge for the year		69,326			10,668			79,994
At 31 October 2015		138,652			20,893			159,545
Net book value
At 31 October 2015		207,978			96,013			303,991
At 31 October 2014		277,304			92,023			369,327

3	Share capital

Allotted, called up and fully paid shares

	31 October 2015						31 October 2014
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

4	Related party transactions

Directors' advances and credits

	Year ended 31 October 2015 Advance/ Credit £	Year ended 31 October 2015 Repaid £	23 October 2013 to 31 October 2014 Advance/ Credit £	23 October 2013 to 31 October 2014 Repaid £
Dr Kim P R Griffin
Interest free loan provided to the company with no fixed terms.	161,294	(52,692)	213,986	-
Mrs Katy Mary Griffin

Page 4

Church Street Dental Surgery Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

Interest free loan provided to the company with no fixed terms.	107,529	(35,128)	142,657	-

Page 5