Abbreviated Company Accounts - NEILL THOMPSON ORTHOPAEDIC SERVICES LTD

NEILL THOMPSON ORTHOPAEDIC SERVICES LTD - Company Information

NI069950 NEILL THOMPSON ORTHOPAEDIC SERVICES LTD 2016-07-31 false 2015-08-01 2016-07-31 true NI069950 2015-08-01 2016-07-31 NI069950 2016-07-31 NI069950 2015-07-31 NI069950 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 NI069950 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number NI069950

NEILL THOMPSON ORTHOPAEDIC SERVICES LTD

Abbreviated Accounts

31 July 2016

NEILL THOMPSON ORTHOPAEDIC SERVICES LTD Registered Number NI069950

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	671,586	678,815
Investments	3	146,787	140,406
		818,373	819,221
Current assets
Stocks		-	874
Debtors		285,283	318,291
Cash at bank and in hand		-	26,524
		285,283	345,689
Creditors: amounts falling due within one year		(323,727)	(206,719)
Net current assets (liabilities)		(38,444)	138,970
Total assets less current liabilities		779,929	958,191
Creditors: amounts falling due after more than one year		(200,051)	(206,465)
Provisions for liabilities		(7,121)	(8,567)
Total net assets (liabilities)		572,757	743,159
Capital and reserves
Called up share capital	4	160	1
Profit and loss account		572,597	743,158
Shareholders' funds		572,757	743,159

For the year ending 31 July 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 26 April 2017

And signed on their behalf by:
Neill Thompson, Director

NEILL THOMPSON ORTHOPAEDIC SERVICES LTD Registered Number NI069950

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with United Kingdom generally accepted accounting practice, statute comprising the Companies Act 2006, and the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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 - 33.33% straight line
Office and medical equipment - 20% reducing balance

Investment properties
Investment properties are included in the balance sheet at their open market value. No depreciation is provided on freehold investment properties.

Investment properties are revalued and the aggregate surplus or deficit is transferred to a revaluation reserve. Full valuations are made by a professional qualified valuer every five years and in the intervening years these valuations are updated by directors with the assistance of professional advice as required.

Valuation information and policy
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 August 2015	719,370
Additions	3,972
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	723,342
Depreciation
At 1 August 2015	40,555
Charge for the year	11,201
On disposals	-
At 31 July 2016	51,756
Net book values
At 31 July 2016	671,586
At 31 July 2015	678,815

In accordance with the accounting standards, investment properties are revalued and the aggregate surplus or deficit is transferred to the revaluation reserve. Depreciation is not provided in respect of freehold investment properties. The directors consider there to be no material change to the value as at 31 July 2016.

3Fixed assets Investments
The company's unlisted fixed asset investments amounted to £146,787 as at 31 July 2016 (2015: £140,406)

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
160 Ordinary shares of £1 each (1 share for 2015)	160	1