Greenside Dental Care Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08714299 (England and Wales)

Greenside Dental Care Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Dr. L Peacock

Dr. C J Woods

SECRETARY:

Dr. K F Woods

REGISTERED OFFICE:

1-3 Mortimer Street

Cleckheaton

West Yorkshire

BD19 5AR

REGISTERED NUMBER:

08714299 (England and Wales)

ACCOUNTANTS:

Howard & Co. Accountants LLP

6 Market Street

Birstall

West Yorkshire

WF17 9EN

FIXED ASSETS

Intangible assets

2

516,800

547,200

Tangible assets

3

82,404

32,075

599,204

579,275

CURRENT ASSETS

Stocks

14,781

7,505

Debtors

21,870

22,829

Cash at bank and in hand

56,158

64,600

92,809

94,934

CREDITORS

Amounts falling due within one year

4

94,454

254,549

NET CURRENT LIABILITIES

(1,645

)

(159,615

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

597,559

419,660

CREDITORS

Amounts falling due after more than one
year

4

102,416

76,323

NET ASSETS

495,143

343,337

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

495,043

343,237

SHAREHOLDERS' FUNDS

495,143

343,337

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 directors acknowledge their 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 Board of Directors on 29 June 2017 and were signed on its behalf by:

Dr. L Peacock - Director

Dr. C J Woods - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery etc

-

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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

608,000

AMORTISATION

At 1 October 2015

60,800

Amortisation for year

30,400

At 30 September 2016

91,200

NET BOOK VALUE

At 30 September 2016

516,800

At 30 September 2015

547,200

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

44,758

Additions

69,905

At 30 September 2016

114,663

DEPRECIATION

At 1 October 2015

12,683

Charge for year

19,576

At 30 September 2016

32,259

NET BOOK VALUE

At 30 September 2016

82,404

At 30 September 2015

32,075

4.

CREDITORS

Creditors include an amount of £ 5,630 (2015 - £ 7,440 ) for which security has been given.

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

2016

2015

£

Repayable by instalments

2,759

17,495

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50

Ordinary A

£1

50

25

Ordinary B

£1

25

Ordinary C

£1

25

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors: amounts falling due within one year were loans from the directors of £225 (2015:

£166,242). The loans were interest free with no fixed date for repayment.