The Campbell Clinic Limited - Period Ending 2016-03-31

Registration number: 06837314

The Campbell Clinic Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

The Campbell Clinic Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

The Campbell Clinic Limited
(Registration number: 06837314)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					52,000			56,000
Tangible fixed assets		2			187,487			240,213
Investments					360,758			50,000
		2			600,245			346,213
Current assets
Stocks					21,463			6,750
Debtors					7,930			7,147
Cash at bank and in hand					206,997			297,638
					236,390			311,535
Creditors: Amounts falling due within one year					(209,918)			(200,732)
Net current assets					26,472			110,803
Total assets less current liabilities					626,717			457,016
Provisions for liabilities					(33,501)			(42,935)
Net assets					593,216			414,081
Capital and reserves
Called up share capital		3			200,000			200,000
Profit and loss account					393,216			214,081
Shareholders' funds					593,216			414,081

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

The Campbell Clinic Limited
(Registration number: 06837314)
Abbreviated Balance Sheet at 31 March 2016
......... continued

For the year ending 31 March 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 14 December 2016 and signed on its behalf by:

.........................................
C Campbell
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

The Campbell Clinic Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the level of completion of services.

Goodwill

Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of that entity's identifiable assets and liabilities.

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Amortised over 20 years

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures and fittings	15% reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Page 3

The Campbell Clinic Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Intangible assets £			Tangible assets £			Investments £			Total £
Cost
At 1 April 2015		80,000			399,593			50,000			529,593
Additions		-			8,635			310,758			319,393
Disposals		-			(5,240)			-			(5,240)
At 31 March 2016		80,000			402,988			360,758			843,746
Depreciation
At 1 April 2015		24,000			159,380			-			183,380
Charge for the year		4,000			59,681			-			63,681
Eliminated on disposals		-			(3,560)			-			(3,560)
At 31 March 2016		28,000			215,501			-			243,501
Net book value
At 31 March 2016		52,000			187,487			360,758			600,245
At 31 March 2015		56,000			240,213			50,000			346,213

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		200,000			200,000			200,000			200,000

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