Limegrove Dental Care Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08139388 (England and Wales)

LIMEGROVE DENTAL CARE LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

Mrs S J Briddon

REGISTERED OFFICE:

2 Limegrove Walk

Matlock

Derbyshire

DE4 3FD

REGISTERED NUMBER:

08139388 (England and Wales)

ACCOUNTANTS:

The Rees Partnership

Bentley Bridge House

Chesterfield Road

Matlock

Derbyshire

DE4 5LE

FIXED ASSETS

Intangible assets

2

233,054

266,144

Tangible assets

3

12,825

9,183

245,879

275,327

CURRENT ASSETS

Stocks

2,877

2,936

Debtors

48,742

86,955

Cash at bank and in hand

93,033

60,392

144,652

150,283

CREDITORS

Amounts falling due within one year

(81,164

)

(81,360

)

NET CURRENT ASSETS

63,488

68,923

TOTAL ASSETS LESS CURRENT
LIABILITIES

309,367

344,250

CREDITORS

Amounts falling due after more than one
year

4

(116,775

)

(135,112

)

PROVISIONS FOR LIABILITIES

(1,677

)

(1,837

)

NET ASSETS

190,915

207,301

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

190,815

207,201

SHAREHOLDERS' FUNDS

190,915

207,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 28 December 2016 and were signed by:

Mrs S J Briddon - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. The director considers that

there are no material uncertainties which may cast significant doubt about the ability of the company to

continue as a going concern.

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 2012, 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.

Plant and machinery etc

-

20% on reducing balance

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

Full provision is made for deferred taxation resulting from timing differences between the recognition of

gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is

calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when

the timing differences will reverse.

Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the

company has entered into a binding agreement to sell the assets and recognised the gains and losses

expected to arise on sale. Deferred tax is also not recognised where assets have been sold and it is

expected that the taxable gain will be rolled over into a replacement asset.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

330,900

AMORTISATION

At 1 May 2015

64,756

Amortisation for year

33,090

At 30 April 2016

97,846

NET BOOK VALUE

At 30 April 2016

233,054

At 30 April 2015

266,144

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

14,431

Additions

5,654

At 30 April 2016

20,085

DEPRECIATION

At 1 May 2015

5,248

Charge for year

2,012

At 30 April 2016

7,260

NET BOOK VALUE

At 30 April 2016

12,825

At 30 April 2015

9,183

4.

CREDITORS

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

2016

2015

£

Repayable by instalments

36,775

55,112

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100