Iriston House Dental Practice Ltd - Abbreviated accounts 16.3

Iriston House Dental Practice Ltd - Abbreviated accounts 16.3

IRISTON HOUSE DENTAL PRACTICE LIMITED - Company Information

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REGISTERED NUMBER: SC373003 (Scotland)
















Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Iriston House Dental Practice Ltd

Iriston House Dental Practice Ltd (Registered number: SC373003)

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










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Iriston House Dental Practice Ltd

Company Information
for the Year Ended 31 March 2016







DIRECTOR: R Chandrachud



REGISTERED OFFICE: 15 Gladstone Place
Stirling
FK8 2NN



REGISTERED NUMBER: SC373003 (Scotland)



ACCOUNTANTS: Campbell Dallas LLP
Chartered Accountants
15 Gladstone Place
Stirling
FK8 2NN



BANKERS: Bank of Scotland
Edinburgh
EH11 1YH
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Iriston House Dental Practice Ltd (Registered number: SC373003)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 270,000 300,000
Tangible assets 3 2,774 3,510
272,774 303,510

CURRENT ASSETS
Stocks 650 650
Debtors 42,906 36,985
Cash at bank 246,338 185,173
289,894 222,808
CREDITORS
Amounts falling due within one year 68,183 96,595
NET CURRENT ASSETS 221,711 126,213
TOTAL ASSETS LESS CURRENT
LIABILITIES
494,485
429,723

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 494,385 429,623
SHAREHOLDERS' FUNDS 494,485 429,723

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 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 notes form part of these abbreviated accounts

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Iriston House Dental Practice Ltd (Registered number: SC373003)

Abbreviated Balance Sheet - continued
31 March 2016


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 14 December 2016 and were signed by:





R Chandrachud - Director


The notes form part of these abbreviated accounts

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Iriston House Dental Practice Ltd (Registered number: SC373003)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016


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 consists of the sales value, excluding VAT, of work in the period under contracts to supply
goods and services to third parties. It includes the relevant proportion of contract value for
performance up to the period end.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fifteen years.

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

Fixtures and fittings - 20% on cost
Computer equipment - 25% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date. Deferred tax is provided at the average rates that are expected to apply when
the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities
are not discounted.

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.

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.

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Iriston House Dental Practice Ltd (Registered number: SC373003)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 450,000
AMORTISATION
At 1 April 2015 150,000
Amortisation for year 30,000
At 31 March 2016 180,000
NET BOOK VALUE

At 31 March 2016 270,000
At 31 March 2015 300,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 6,691
Additions 500
At 31 March 2016 7,191
DEPRECIATION
At 1 April 2015 3,181
Charge for year 1,236
At 31 March 2016 4,417
NET BOOK VALUE
At 31 March 2016 2,774
At 31 March 2015 3,510

4. CALLED UP SHARE CAPITAL

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

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