Primrose Dental Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08201734 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

PRIMROSE DENTAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr Nyan Kyaw

REGISTERED OFFICE:

61A Regents Park Road

London

NW1 8XD

REGISTERED NUMBER:

08201734 (England and Wales)

ACCOUNTANTS:

Ark Aurora Ltd

(incorporating Gompertz Kendall & Co)

Chartered Accountants & Chartered Tax Advisers

The Maltings

2 Anderson Rd

Bearwood

Birmingham

West Midlands

B66 4AR

FIXED ASSETS

Intangible assets

2

270,750

-

Tangible assets

3

22,154

-

292,904

-

CURRENT ASSETS

Stocks

1,000

-

Debtors

3,817

-

Cash at bank and in hand

20,580

100

25,397

100

CREDITORS

Amounts falling due within one year

4

126,727

-

NET CURRENT (LIABILITIES)/ASSETS

(101,330

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

191,574

100

CREDITORS

Amounts falling due after more than one year

4

212,644

-

NET (LIABILITIES)/ASSETS

(21,070

)

100

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(21,170

)

-

SHAREHOLDERS' FUNDS

(21,070

)

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 23 September 2016 and were signed by:

Mr Nyan Kyaw - 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

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty 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

-

20% on cost

Stocks

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

moving items.

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

Additions

285,000

At 30 September 2015

285,000

AMORTISATION

Amortisation for year

14,250

At 30 September 2015

14,250

NET BOOK VALUE

At 30 September 2015

270,750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

27,692

At 30 September 2015

27,692

DEPRECIATION

Charge for year

5,538

At 30 September 2015

5,538

NET BOOK VALUE

At 30 September 2015

22,154

4.

CREDITORS

Creditors include an amount of £ 224,430 for which security has been given.

They also include the following debts falling due in more than five years:

30.9.15

30.9.14

£

£

Repayable by instalments

161,199

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

100

Ordinary

£1

100

100

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Nyan Kyaw.