ABINGDON_DENTAL_CARE_LIMI - Accounts

ABINGDON DENTAL CARE LIMITED - Company Information

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Company Registration No. 08117106 (England and Wales)

ABINGDON DENTAL CARE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

ABINGDON DENTAL CARE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ABINGDON DENTAL CARE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

161,679

185,339

Tangible assets

30,949

32,891

192,628

218,230

Current assets

Stocks

9,000

Debtors

6,470

11,665

Cash at bank and in hand

28,666

42,934

44,136

63,599

Creditors: amounts falling due within one year

(53,201)

(73,873)

Net current liabilities

(9,065)

(10,274)

Total assets less current liabilities

183,563

207,956

Creditors: amounts falling due after more than one year

(174,508)

(189,471)

Provisions for liabilities

(5,931)

(6,411)

3,124

12,074

Capital and reserves

Called up share capital

Profit and loss account

3,122

12,072

Shareholders' funds

3,124

12,074

ABINGDON DENTAL CARE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial year ended 30 June 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 14 February 2017

Dr P J Sands

Mrs F M Sands

Director

Company Registration No. 08117106

ABINGDON DENTAL CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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

Turnover

Turnover represents amounts receivable for services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

1.3

Goodwill

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

1.4

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:

Leasehold land and buildings

Nil

Plant and machinery

20% / 33% reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2015

236,602

45,827

282,429

Additions

8,083

At 30 June 2016

236,602

53,910

290,512

Depreciation

At 1 July 2015

51,263

12,936

64,199

Charge for the year

23,660

10,025

33,685

At 30 June 2016

74,923

22,961

97,884

Net book value

At 30 June 2016

161,679

30,949

192,628

At 30 June 2015

185,339

32,891

218,230

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £13,592 (2015 - £13,179).

ABINGDON DENTAL CARE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

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

119,760

134,169

The aggregate amount of creditors for which security has been given amounted to £174,508 (2015 - £188,183).

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Related party relationships and transactions

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Dr P J Sands & Mrs F M Sands - Directors Loan

(33,000)

96,517

65,170

(1,653)

(33,000)

96,517

65,170

(1,653)

During the year the maximum amount owed to the company was £35,594.

At the balance sheet date, amounts totalling £1,653 (2015 - £23,000) were owed from the company to the Directors. These are included within creditors. No interest is accruing on this amount.