Abbreviated Company Accounts - THE SHERWOOD CLINIC LIMITED

THE SHERWOOD CLINIC LIMITED - Company Information

05136357 THE SHERWOOD CLINIC LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 05136357 2015-06-01 2016-05-31 05136357 2016-05-31 05136357 2015-05-31 05136357 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 05136357 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 05136357

THE SHERWOOD CLINIC LIMITED

Abbreviated Accounts

31 May 2016

THE SHERWOOD CLINIC LIMITED Registered Number 05136357

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	181,250	206,250
Tangible assets	3	6,666	6,704
		187,916	212,954
Current assets
Debtors	4	-	375
Cash at bank and in hand		204,842	140,164
		204,842	140,539
Creditors: amounts falling due within one year	5	(301,644)	(287,613)
Net current assets (liabilities)		(96,802)	(147,074)
Total assets less current liabilities		91,114	65,880
Creditors: amounts falling due after more than one year	5	(20,455)	(27,313)
Total net assets (liabilities)		70,659	38,567
Capital and reserves
Called up share capital	6	2	2
Profit and loss account		70,657	38,565
Shareholders' funds		70,659	38,567

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 17 October 2016

And signed on their behalf by:
Mrs S Sanghvi, Director

THE SHERWOOD CLINIC LIMITED Registered Number 05136357

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total invoice value excluding value added tax of fees receivable during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:-

Fixtures,fittings - 15% reducing balance basis
and equipment

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal installments over its estimated useful economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 June 2015	250,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	250,000
Amortisation
At 1 June 2015	43,750
Charge for the year	25,000
On disposals	-
At 31 May 2016	68,750
Net book values
At 31 May 2016	181,250
At 31 May 2015	206,250

3Tangible fixed assets

	£
Cost
At 1 June 2015	8,773
Additions	1,138
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	9,911
Depreciation
At 1 June 2015	2,069
Charge for the year	1,176
On disposals	-
At 31 May 2016	3,245
Net book values
At 31 May 2016	6,666
At 31 May 2015	6,704

4Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	0	375

5Creditors

	2016 £	2015 £
Secured Debts	301,644	287,613

6Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2