Scotia Chiropractic Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC138934 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Scotia Chiropractic Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Dr C I How

SECRETARY:

A A Bailey

REGISTERED OFFICE:

16 Jenny Moores Road

St Boswells

Roxburghshire

TD6 0AL

REGISTERED NUMBER:

SC138934 (Scotland)

ACCOUNTANTS:

Douglas Home and Co Ltd

Old Tweed Mill

Dunsdale Road

Selkirk

Selkirkshire

TD7 5DZ

FIXED ASSETS

Tangible assets

2

229,536

234,829

CURRENT ASSETS

Stocks

4,905

4,983

Debtors

7,262

8,119

Cash at bank and in hand

6,243

5,423

18,410

18,525

CREDITORS

Amounts falling due within one year

3

130,484

113,195

NET CURRENT LIABILITIES

(112,074

)

(94,670

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

117,462

140,159

CREDITORS

Amounts falling due after more than one
year

3

(44,039

)

(54,331

)

PROVISIONS FOR LIABILITIES

(4,000

)

(3,697

)

NET ASSETS

69,423

82,131

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

117,000

120,000

Profit and loss account

(47,677

)

(37,969

)

SHAREHOLDERS' FUNDS

69,423

82,131

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 25 April 2017 and were signed by:

Dr C I How - Director

1.	ACCOUNTING POLICIES

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Straight line over 12 years

Long leasehold

-

25% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 15% 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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

401,842

Additions

3,740

At 30 September 2016

405,582

DEPRECIATION

At 1 October 2015

167,013

Charge for year

9,033

At 30 September 2016

176,046

NET BOOK VALUE

At 30 September 2016

229,536

At 30 September 2015

234,829

3.

CREDITORS

Creditors include an amount of £ 56,780 (30/9/15 - £ 76,509 ) for which security has been given.

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

30/9/16

30/9/15

£

Repayable otherwise than by instalments

-

3,357

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/16

30/9/15

value:

£

100

Ordinary shares

£1

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and

30 September 2015:

30/9/16

30/9/15

£

Dr C I How

Balance outstanding at start of year

-

Amounts repaid

(25,000

)

-

Balance outstanding at end of year

(25,000

)

-