Skye Dental Limited - Abbreviated accounts 16.3

Skye Dental Limited - Abbreviated accounts 16.3

SKYE DENTAL LIMITED - Company Information

Print Friendly Version

SC453854 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4538542015-03-31SC4538542016-03-31SC4538542015-04-012016-03-31SC4538542014-03-31SC4538542014-04-012015-03-31SC4538542015-03-31SC453854ns12:Scotland2015-04-012016-03-31SC453854ns14:PoundSterling2015-04-012016-03-31SC453854ns7:Director12015-04-012016-03-31SC453854ns7:OrdinaryShareClass12015-04-012016-03-31SC453854ns7:Director22015-04-012016-03-31SC453854ns7:RegisteredOffice2015-04-012016-03-31SC453854ns7:EntityAccountantsOrAuditors2015-04-012016-03-31SC453854ns5:PlantMachinery2015-04-012016-03-31SC453854ns5:FixturesFittings2015-04-012016-03-31SC453854ns7:OrdinaryShareClass12016-03-31SC453854ns7:OrdinaryShareClass12015-03-31
DRAFT
12/12/16 14:56
REGISTERED NUMBER: SC453854 (Scotland)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Skye Dental Limited

Skye Dental Limited (Registered number: SC453854)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016

DRAFT
12/12/16 14:56



Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Skye Dental Limited

Company Information
for the Year Ended 31 March 2016







DRAFT
12/12/16 14:56
DIRECTORS: John D McGregor
Allan J Rennie





REGISTERED OFFICE: 192 Dukes Road
Rutherglen
Glasgow
G73 5AA





REGISTERED NUMBER: SC453854 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG
Page 1
Skye Dental Limited (Registered number: SC453854)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
DRAFT
12/12/16 14:56
FIXED ASSETS
Intangible assets 2 788,000 886,500
Tangible assets 3 44,463 49,050
832,463 935,550

CURRENT ASSETS
Stock 4,175 3,850
Debtors 66,368 70,928
Cash at bank 37,670 60,199
108,213 134,977
CREDITORS
Amounts falling due within one year 846,871 1,024,892
NET CURRENT LIABILITIES (738,658 ) (889,915 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
93,805
45,635

PROVISIONS FOR LIABILITIES 8,201 9,810
NET ASSETS 85,604 35,825

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 85,504 35,725
SHAREHOLDERS' FUNDS 85,604 35,825

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
Skye Dental Limited (Registered number: SC453854)

Abbreviated Balance Sheet - continued
31 March 2016

DRAFT
12/12/16 14:56

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 7 December 2016 and were signed on
its behalf by:





John D McGregor - Director


The notes form part of these abbreviated accounts

Page 3
Skye Dental Limited (Registered number: SC453854)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016
DRAFT
12/12/16 14:56

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 2014, is being amortised evenly over its estimated useful life of ten years.

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

Dental equipment - 15% on reducing balance
Fittings and equipment - 15% on reducing balance

Stocks
Stock 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 985,000
AMORTISATION
At 1 April 2015 98,500
Amortisation for year 98,500
At 31 March 2016 197,000
NET BOOK VALUE

At 31 March 2016 788,000
At 31 March 2015 886,500

Page 4 continued...
Skye Dental Limited (Registered number: SC453854)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016
DRAFT
12/12/16 14:56

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 57,706
Additions 3,260
At 31 March 2016 60,966
DEPRECIATION
At 1 April 2015 8,656
Charge for year 7,847
At 31 March 2016 16,503
NET BOOK VALUE
At 31 March 2016 44,463
At 31 March 2015 49,050

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 5