Devonshire House Surgery Ltd,Ltd - Accounts

Devonshire House Surgery Ltd,Ltd - Accounts

DEVONSHIRE HOUSE SURGERY LIMITED - Company Information

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2015-01-01 true false Private Limited Company 06446635 2015-12-31 06446635 2015-01-01 2015-12-31 06446635 2014-12-31 06446635 2014-01-01 2014-12-31 06446635 uk-bus:Director1 2015-01-01 2015-12-31 06446635 uk-gaap:OfficeEquipment 2015-01-01 2015-12-31 06446635 uk-gaap:FixturesFittings 2015-01-01 2015-12-31 06446635 uk-gaap:WithinOneYear 2015-12-31 06446635 uk-gaap:WithinOneYear 2014-12-31 06446635 uk-gaap:AfterOneYear 2015-12-31 06446635 uk-gaap:AfterOneYear 2014-12-31 06446635 uk-bus:OrdinaryShareClass1 2015-12-31 iso4217:GBP
Devonshire House Surgery Ltd
For the year ended 31 December 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06446635
2
Abbreviated Balance Sheet
Devonshire House Surgery Ltd
As at 31 December 2015
06446635
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Intangible assets
2
149,665
168,373
Tangible assets
3
30,999
29,950
180,664
198,323
Current assets
Stocks
2,833
2,833
Debtors
51,684
36,610
Cash at bank and in hand
11,358
4,964
50,801
59,481
Creditors: amounts falling due within one year
4
(257,729)
(53,662)
(198,248)
(2,861)
Net current liabilities
Total assets less current liabilities
177,803
75
Creditors: amounts falling due after more than one year
5
-
(177,724)
79
Net assets
75
Capital and reserves
Called up share capital
2
6
2
Profit and loss account
77
71
79
73
Shareholders funds
For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 13 September 2016
A Malek-Mohammadi Director
Signed on behalf of the board of directors
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3
Notes to the Abbreviated Financial Statements
Devonshire House Surgery Ltd
For the year ended 31 December 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the
estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Office Equipment
20% Reducing balance
Fixtures and Fittings
20% Reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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4
Notes to the Abbreviated Financial Statements
Devonshire House Surgery Ltd
For the year ended 31 December 2015
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
At 01 January 2015
623,601
623,601
At 31 December 2015
Amortisation
455,228
At 01 January 2015
18,708
Charge for year
473,936
At 31 December 2015
149,665
Net Book Values
At 31 December 2015
168,373
At 31 December 2014
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
67,385
At 01 January 2015
8,800
Additions
At 31 December 2015
76,185
Depreciation
37,435
At 01 January 2015
7,751
Charge for year
45,186
At 31 December 2015
Net book values
At 31 December 2015
30,999
29,950
At 31 December 2014
2015
4 Creditors: amounts falling due within one year
£
£
2014
26,095
229,278
Bank loans and overdrafts (secured)
2014
2015
5 Creditors due after more than one year
£
£
177,724
-
Bank loans and overdrafts (secured)
The bank loans are secured by a fixed and floating charge over the undertaking and all property and assets present
and future.
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Notes to the Abbreviated Financial Statements
Devonshire House Surgery Ltd
For the year ended 31 December 2015
6 Share capital
Allotted called up and fully paid
2015
2014
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
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