Evolution Dental Studio Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06483467 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Evolution Dental Studio Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R McGuinness

SECRETARY:

R McGuinness

REGISTERED OFFICE:

The Ganary

Sutton Lodge Farm

Chester Road

Sutton Weaver

Cheshire

WA7 3EA

REGISTERED NUMBER:

06483467 (England and Wales)

ACCOUNTANTS:

Mark Greeve Chartered Accountant

Frodsham Business Centre

Bridge Lane

Frodsham

Cheshire

WA6 7FZ

FIXED ASSETS

Intangible assets

2

16,000

24,000

Tangible assets

3

56,797

38,927

72,797

62,927

CURRENT ASSETS

Stocks

2,500

Debtors

24,118

23,294

Cash in hand

155

26,773

25,949

CREDITORS

Amounts falling due within one year

57,818

53,679

NET CURRENT LIABILITIES

(31,045

)

(27,730

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,752

35,197

CREDITORS

Amounts falling due after more than one
year

(10,249

)

(9,852

)

PROVISIONS FOR LIABILITIES

(9,328

)

(5,307

)

NET ASSETS

22,175

20,038

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

22,173

20,036

SHAREHOLDERS' FUNDS

22,175

20,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 13 August 2016 and were signed by:

R McGuinness - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful

economic life of that asset as follows:

Goodwill - 10% Straight Line

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 etc

-

25% on reducing balance and 15% on 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.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

80,000

AMORTISATION

At 1 February 2015

56,000

Amortisation for year

8,000

At 31 January 2016

64,000

NET BOOK VALUE

At 31 January 2016

16,000

At 31 January 2015

24,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

101,176

Additions

23,397

At 31 January 2016

124,573

DEPRECIATION

At 1 February 2015

62,249

Charge for year

5,527

At 31 January 2016

67,776

NET BOOK VALUE

At 31 January 2016

56,797

At 31 January 2015

38,927

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

2

Ordinary

1

2

5.	ULTIMATE CONTROLLING PARTY

The controlling party is R McGuinness.