BOTTESFORD_DENTAL_PRACTIC - Accounts

BOTTESFORD DENTAL PRACTICE LIMITED - Company Information

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Company Registration No. 07466232 (England and Wales)

BOTTESFORD DENTAL PRACTICE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

BOTTESFORD DENTAL PRACTICE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BOTTESFORD DENTAL PRACTICE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

8,203

9,596

Current assets

Stocks

3,500

3,000

Cash at bank and in hand

217,815

192,495

221,315

195,495

Creditors: amounts falling due within one year

(40,441)

(32,805)

Net current assets

180,874

162,690

Total assets less current liabilities

189,077

172,286

Creditors: amounts falling due after more than one year

(23,192)

(34,651)

Provisions for liabilities

(1,404)

(1,631)

164,481

136,004

Capital and reserves

Called up share capital

Profit and loss account

164,471

136,003

Shareholder's funds

164,481

136,004

BOTTESFORD DENTAL PRACTICE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MAY 2016

- 2 -

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

Directors' responsibilities:

The member has 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 24 February 2017

Mr F Ishak

Director

Company Registration No. 07466232

The notes on pages 3 - 4 form part of these financial statements.

BOTTESFORD DENTAL PRACTICE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 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 goods and services net of VAT and trade discounts.

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:

Computer equipment

33% on cost

Fixtures, fittings & equipment

20% on reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely then not that there will be suitable taxable profits from which the future reversal of the underlying timing difference can be deducted.

Deferred tax is measured on a nondiscounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

BOTTESFORD DENTAL PRACTICE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 June 2015

55,276

Additions

10,280

At 31 May 2016

65,556

Depreciation

At 1 June 2015

45,680

Charge for the year

11,673

At 31 May 2016

57,353

Net book value

At 31 May 2016

8,203

At 31 May 2015

9,596

Share capital

2016

2015

Allotted, called up and fully paid

8 Ordinary A shares of £1 each

2 Ordinary B shares of £1 each

On 7 March 2016 the company issued 9 Ordinary shares of £1 each at par value. On the same day the company re-designated the issued share capital as 8 Ordinary A shares of £1 each and 2 Ordinary B shares of £1 each.