N_M_DENTAL_CARE_LIMITED - Accounts

N M DENTAL CARE LIMITED - Company Information

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Company Registration No. 08511165 (England and Wales)

N M DENTAL CARE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

N M DENTAL CARE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

N M DENTAL CARE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

607,311

651,479

Tangible assets

36,419

47,940

643,730

699,419

Current assets

Stocks

4,532

3,150

Debtors

9,750

Cash at bank and in hand

82,143

89,288

96,425

102,188

Creditors: amounts falling due within one year

(148,343)

(189,023)

Net current liabilities

(51,918)

(86,835)

Total assets less current liabilities

591,812

612,584

Creditors: amounts falling due after more than one year

(496,720)

(534,473)

Provisions for liabilities

(7,284)

(9,079)

87,808

69,032

Capital and reserves

Called up share capital

100

Profit and loss account

87,708

68,932

Shareholders' funds

87,808

69,032

N M DENTAL CARE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial Year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 December 2016

Dr A Majevadia

Director

Company Registration No. 08511165

N M DENTAL CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for dental services provided.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

over the life of the lease

Fixtures, fittings & equipment

25% p.a. on a reducing balance basis

1.6

Revenue recognition

Revenue is recognised when the services have been provided.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015 & at 31 March 2016

706,689

68,790

775,479

Depreciation

At 1 April 2015

55,210

20,850

76,060

Charge for the period

44,168

11,521

55,689

At 31 March 2016

99,378

32,371

131,749

Net book value

At 31 March 2016

607,311

36,419

643,730

At 31 March 2015

651,479

47,940

699,419

N M DENTAL CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £32,220 (2015 - £30,912).

The loan is secured by fixed and floating charge over the assets of the company and personal guarantee from the directors.

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

(359,149)

(397,179)

The aggregate amount of creditors for which security has been given amounted to £496,720 (2015 - £534,473).

The loan is secured by fixed and floating charge over the assets of the company and personal guarantee from the directors.

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100