Bathgate Dental Practice Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: SC369602 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Bathgate Dental Practice Ltd.

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

200,000

250,000

Tangible assets

3

139,580

175,590

339,580

425,590

CURRENT ASSETS

Stocks

22,560

21,678

Debtors

76,884

75,053

Cash at bank and in hand

234,881

395,345

334,325

492,076

CREDITORS

Amounts falling due within one year

(104,823

)

(326,445

)

NET CURRENT ASSETS

229,502

165,631

TOTAL ASSETS LESS CURRENT
LIABILITIES

569,082

591,221

PROVISIONS FOR LIABILITIES

(6,526

)

(12,108

)

ACCRUALS AND DEFERRED INCOME

(43,993

)

(67,636

)

NET ASSETS

518,563

511,477

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

518,561

511,475

SHAREHOLDERS' FUNDS

518,563

511,477

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 29 September 2016 and were signed on its behalf
by:

Mr G Shields - Director

Mrs E Shields - 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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods and services in respect of dentistry, excluding value added tax.

Sales are recognised at the point at which the service is complete.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost and 20% on cost

Fixtures and fittings

-

20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any

incidental costs of acquisition.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items. Cost is represented by purchase price.

Deferred tax

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

sheet date, where transactions or events that result in an obligation to pay more or a right to pay less tax in the

future have occurred by the balance sheet date with certain limited exceptions.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the periods in

which the timing differences are expected to reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

500,000

AMORTISATION

At 1 January 2015

250,000

Amortisation for year

50,000

At 31 December 2015

300,000

NET BOOK VALUE

At 31 December 2015

200,000

At 31 December 2014

250,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

306,511

Additions

2,656

At 31 December 2015

309,167

DEPRECIATION

At 1 January 2015

130,921

Charge for year

38,666

At 31 December 2015

169,587

NET BOOK VALUE

At 31 December 2015

139,580

At 31 December 2014

175,590

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

2

Ordinary

£1

2